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SHORT-TERM BORROWING (Tables) | 12 Months Ended
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Dec. 31, 2020
SHORT-TERM BORROWING |
Schedule of short-term borrowing from bank |
|  |  |  |  |  | Amount |  | Annual |  | Repayment
Date |  | Borrower |  | Lender |  | (RMB) |  | Interest Rate |  | Due Date
September 1, 2020 |  | Ambow Shida |  | Huaxia Bank |  | 10,000 |  | 4.35 | % | September 1, 2021

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- Definition Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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