OPERATING LEASE

12 Months Ended

Dec. 31, 2023

Operating Lease

OPERATING LEASE

15. OPERATING LEASE

The Group has operating leases primarily for office and operation space. The Group’s operating lease arrangements have remaining terms of one year to five years with no variable lease costs.

Operating lease costs were RMB 2,774 and RMB 1,742 for the years ended December 31, 2022 and 2023.

Supplemental cash flow information related to leases were as follows:

	Year Ended December 31, 2022		Year Ended December 31, 2023
	RMB		RMB
Cash paid for amounts included in the measurement of lease liabilities		4,184		5,332
Right-of-use assets obtained in exchange for operating lease liabilities		-		18,106

Supplemental consolidated balance sheet information related to leases were as follows:

	As of December 31,
	2022			2023
	RMB			RMB
Right-of-use assets		231			16,507
Operating lease liabilities - current		1,162			3,376
Operating lease liabilities - non-current		145			11,122
Total lease liabilities		1,307			14,498
Weighted average remaining lease term		1.18			4.50
Weighted average discount rate		4.75	%		4.75	%

YUNJI INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(All amounts in thousands, except for share and per share data, unless otherwise noted)

15. OPERATING LEASE (CONTINUED)

Maturities of lease liabilities are as follows:

	As of December 31, 2023
	RMB
2024		4,018
2025		4,018
2026		4,018
2027		4,018
Total operating lease payments		16,072
Less: imputed interest		(1,574	)
Total operating lease		14,498