PROPERTY, EQUIPMENT AND SOFTWARE, NET (Tables)

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

SCHEDULE OF PROPERTY EQUIPMENT AND SOFTWARE

Property, equipment and software, net, consist of the following:

	As of December 31,
	2022			2023
	RMB			RMB
Buildings (1)		-			171,582
Leasehold improvement		32,340			29,681
Electronic equipment		16,471			15,489
Software		7,092			6,728
Furniture		3,728			5,687
Construction in progress (1)		163,696			1,418
Vehicles		690			631
Subtotal		224,017			231,216
Less: accumulated depreciation (2)		(55,089	)		(55,765	)
Total property, equipment and software, net		168,928			175,451

(1) In June 2021, the Group entered into a purchase agreement with a third-party company to purchase an office building. The Group paid 50% of the total amount with consideration of RMB 81,125 in 2021 and paid the remaining 50% in amount of RMB 80,732 in 2022. In June 2022, the new office building has been delivered by the third-party company to the Group and all prepayment except for the value added tax of the office building were recorded as construction in progress upon delivery in 2022. In April 2023, the office building has been put into use with estimated useful life of 40 years.

(2) Depreciation expenses were RMB 15,985, RMB 7,718 and RMB 6,545 for the years ended December 31, 2021, 2022 and 2023, respectively. No impairment charges were recorded for the years ended December 31, 2021, 2022 and 2023.