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RELATED PARTY TRANSACTION (Tables)

12 Months Ended

Dec. 31, 2018

RELATED PARTY TRANSACTION

Schedule of transactions with related parties

(1)  Related parties

Name of related parties		Relationship with the Group
Mr. Chimin Cao		Chairman of the Board of Directors of the Company
Ms. Zhiying Li		Spouse of Mr. Chimin Cao
Hainan RYB		Equity method long-term investee of the Group

(2)  The significant related party transactions are as follows:

		Years ended December 31,
		2016		2017		2018
Rental expense recorded:
Ms. Zhiying Li (i)		294		293		332
		294		293		332

(3)  The significant balances between the Group and its related parties are as follows:

		As of December 31,
		2017		2018
Amounts due from:
Hainan RYB (ii)		126		—
		126		—

(i) The transactions with the related party shown above represent the rental expenses recorded in each year.

(ii) The balances with related parties were interest-free, unsecured and repayable on demand.

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- Definition

Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates.

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