FINANCIAL RISK MANAGEMENT (Tables)

12 Months Ended

Dec. 31, 2022

SCHEDULE OF COMPANY REMAINING CONTRACTUAL MATURITIES FOR ITS FINANCIAL LIABILITIES

The following table details the Company’s remaining contractual maturities for its financial liabilities. The table has been drawn up based on undiscounted cash flows of financial liabilities based on the earliest date on which the Company can be required to pay. The table includes both interest and principal cash flows. To the extent that interest flows are at a floating rate, the undiscounted amount is calculated based on interest rate at the end of the reporting periods:

	As of December 31, 2022
			More than 1		Total contractual
			year but less		undiscounted		Carrying
	Within 1 year		than 5 years		cash flow		amount
	RMB’000		RMB’000		RMB’000		RMB’000
Trade payables		3,079		—		3,079		3,079
Amounts owed to related parties		1,291		—		1,291		1,291
Note payable		—		8,775		8,775		8,775
Lease liabilities		349		146		495		495
Total		4,719		8,921		13,640		13,640

	As of December 31, 2021
			More than 1		Total contractual
			year but less		undiscounted		Carrying
	Within 1 year		than 5 years		cash flow		amount
	RMB’000		RMB’000		RMB’000		RMB’000
Trade payables		6,290		—		6,290		6,290
Amounts owed to related parties		36,348		—		36,348		36,348
Lease liabilities		14,883		34,565		49,448		49,448
Total		57,521		34,565		92,086		92,086

SUMMARY OF LOSS BEFORE TAXATION

	As of December 31,
	2022		2021		2020
	RMB’000		RMB’000		RMB’000
Loss before taxation		39		895		421