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Leases
12 Months Ended
Dec. 31, 2024
Leases  
Leases

13. Leases

The Group has office space under non-cancelable operating lease agreements.

A summary of supplemental information related to operating leases as of December 31, 2023 and 2024 are as follows:

December 31, 

December 31, 

2023

2024

    

RMB‘000

    

RMB‘000

Operating lease right-of-use asset

 

34,454

 

18,606

Operating lease liabilities-current

 

(8,953)

 

(7,860)

Operating lease liabilities-non-current

 

(26,826)

 

(11,743)

Total operating lease liabilities

 

(35,779)

 

(19,603)

Weighted average remaining lease term

 

4.34 years

 

2.16 years

Weighted average discount rate

 

4.75%

4.75%

A summary of lease cost recognized in the Group’s consolidated statements of comprehensive income/(loss) are as follows:

    

December 31,

December 31,

2023

    

2024

RMB‘000

RMB‘000

Other information

 

  

 

  

Operating lease cost

 

12,617

 

9,024

Short-term lease cost

 

666

 

761

Total

 

13,283

 

9,785

A summary of supplemental cash flow information related to leases are as follows:

December 31,

December 31,

2023

2024

    

RMB‘000

    

RMB‘000

Cash payments for operating leases

 

27,617

 

10,003

Right-of-use assets obtained in exchange for lease obligations

 

14,784

 

A summary of maturity of operating lease liabilities under the Group’s operating leases as of December 31, 2024 is as follows:

December 31, 

2024

    

RMB‘000

2025

8,335

2026

8,258

2027

4,113

Total lease payment

 

20,706

Less: interest

 

(1,103)

Present value of operating lease liabilities

 

19,603