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Intangible asset

12 Months Ended

Dec. 31, 2023

17. Intangible asset


	Land use right		Acquired computer software		Total
	RMB’000		RMB’000		RMB’000
Cost
At December 31, 2021 and 2022		-		9		9
Addition		44,843		-		44,843
At December 31, 2023		44,843		9		44,852

Accumulated amotization
At December 31, 2021		-		4		4
Amortization		-	*		*
At December 31, 2022		-		4		4
Amortization		-		1		1
At December 31, 2023		-		5		5

Carrying amount
At December 31, 2022		-		5		5
At December 31, 2023		44,843		4		44,847

*Less than RMB1,000.

On November 13, 2023, the Company entered into certain land use right transfer agreement to acquire the land use right of a parcel of land located in Wuhan City, China, with a transaction value of USD6.3 million according to a land use right appraisal report. Pursuant to the Agreement, the Company agreed to issue a total of 18,007,046 restricted Class A ordinary shares, $0.00005 par value each, to Seller in exchange of the land use right.