v3.25.4
Cash and cash equivalents
12 Months Ended
Dec. 31, 2024
Cash and cash equivalents [Abstract]  
Cash and cash equivalents

6. Cash and cash equivalents

 

   As of December 31, 
   2023   2024 
   RMB’000   RMB’000 
Cash at bank   432,892    124,413 
Deposits held at licensed payment platforms   3,350    2,290 
    436,242    126,703 
Included in cash and cash equivalents per balance sheet   436,242    126,614 
Included in assets classified as held for sale   —    89 

 

As of December 31, 2024, cash and cash equivalents located in Mainland China amounted to RMB125.6 million (2023: RMB400.1 million). Remittance of funds out of Mainland China is subject to relevant rules and regulations of foreign exchange control.

 

As of December 31, 2024, RMB12.8 million of cash at bank was held in accounts where the usage is restricted to certain business purposes (2023:RMB16.9 million).

 

As of December 31, 2023 and 2024, ECLs for cash and cash equivalents were estimated to be immaterial.