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LEASES
12 Months Ended
Sep. 30, 2024
LEASES  
LEASES

11.         LEASES

As of September 30, 2024, the Company’s operating lease right of use assets and operating lease liability are RMB321 and RMB128, respectively. The weighted-average remaining lease term is 1.5 years and the weighted-average discount rate is 4.2%.

The following table summarizes the components of lease expense:

Year ending 

September 30,

2024

    

RMB

Operating lease cost

 

113

Short-term lease cost

 

1,037

Total

 

1,150

As of September 30, 2024, the Company was obligated under the maturity of operating lease liabilities as follows:

Year ending September 30,

    

RMB

2025

 

65

2026

 

65

2027

 

2028

 

Total undiscounted future minimum lease payments

 

130

Less: Amounts representing interest

2

Total present value of operating lease liabilities

128