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OTHER RECEIVABLES AND PREPAYMENTS | 12 Months Ended
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Dec. 31, 2023
Other Receivables And Prepayments |
OTHER RECEIVABLES AND PREPAYMENTS | 18. OTHER RECEIVABLES AND PREPAYMENTS SCHEDULE OF INFORMATION ABOUT OTHER RECEIVABLES AND PREPAYMENTS
|  | 2023 |  |  | 2022 |
|  | As of December 31, |
|  | 2023 |  |  | 2022 |
|  | RMB’000 |  |  | RMB’000 |
Prepaid expense and prepayments |  |  | 14,485 |  |  |  | 13,269 |
Security deposit |  |  | - |  |  |  | 109 |
Other receivables |  |  | 5,895 |  |  |  | 5,802 |
Other receivables and prepayments |  |  | 20,380 |  |  |  | 19,180 |
As of December 31, 2022, total other receivables and prepayments of discontinued operations was RMB 3,000,000 (Note 30). All of the other receivables and prepayments are expected to be recovered or recognized as expense within one year. The net carrying value of these balances is considered a reasonable approximation of fair value. Prepaid expense mainly consisted of advance payment to the vendors as of December 31, 2023 and 2022.

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