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Intangible asset

12 Months Ended

Dec. 31, 2024

19. Intangible asset

	Land use right		Acquired computer software			Total
	RMB’000		RMB’000			RMB’000
Cost
At December 31, 2022		-		9			9
Addition		44,843		-			44,843
At December 31, 2023		44,843		9			44,852
Disposal of discontinued business		-		(9	)		(9	)
Foreign current translation differences		1,259		-			1,259
At December 31, 2024		46,102		-			46,102

Accumulated amotization
At December 31, 2022		-		4			4
Amortization		-		1			1
At December 31, 2023		-		5			5
Disposal of discontinued business		-		(5	)		(5	)
At December 31, 2024		-		-			-

Carrying amount
At December 31, 2023		44,843		4			44,847
At December 31, 2024		46,102		-			46,102

*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.