Commitments

12 Months Ended

Dec. 31, 2018

Commitments

28. Commitments

Lease commitment

In September 2012, the Group entered into a ten-year operating lease agreement, from October 8, 2012 to October 7, 2022, with Hubei Daily Media Group, a shareholder owning 20% of the Group’s variable interest entity, in Wuhan City, Hubei Province, where the Group leased approximately 1,673 square meters of office space. The lease amount is RMB1.0 million per year for the first five years and RMB1.1 million per year for the last five years.

	As at December 31
	2017 Restated			2018
	RMB’000		RMB’000
Less than one year		584		584
Between one and five years		3,953		2,899
Total		4,537		3,483

Capital commitment

Significant capital expenditure contracted for at the end of the reporting period but not recognized as liabilities is as follows:

	As at December 31
	2017		2018
	RMB’000		RMB’000
Property and equipment		-		21