Share Incentive Plan

12 Months Ended

Dec. 31, 2021

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

17.	SHARE INCENTIVE PLAN

2017 Share Incentive Plan

In October 2017, the shareholders of the Company approved the 2017 Share Incentive Plan (the “2017 ESOP”) under which the Company can grant a maximum of 483,846 ordinary shares. On August 24, 2018, the Company further approved an additional 345,503 ordinary shares for issuance, and therefore, 829,349 ordinary shares were reserved for issuance under the 2017 ESOP.

Options

No options were granted during the years ended December 31, 2019, 2020 and 2021. A summary of option activities during the year ended December 31, 2021 were presented below:

						Weighted- average				Weighted-
				Weighted-		remaining		Aggregated		average
	Number of			average		contractual		intrinsic		grant date
Share options	shares			exercise price		term(years)		value		fair value
				RMB				RMB		RMB
Outstanding, December 31, 2020		39,225			560.95		6.81		—		271.90
Forfeited		(7,294	)		560.95		—		—		271.90
Outstanding, December 31, 2021		31,931			560.95		5.81		—		271.90

Non-vested Shares

On August 1, 2020, the Company granted 80,000 nonvested shares to two employees which were vested immediately and a compensation expense of RMB 27,898 was recorded for the year ended December 31, 2020. No non-vested shares were granted during the year ended December 31, 2021.

Total share-based compensation expense of share-based awards granted to employees, certain directors and management recognized for the years ended December 31, 2019, 2020 and 2021 were as follows:

	Years ended December 31,
	2019		2020		2021
	RMB		RMB		RMB
Cost of revenues		317		146		101
Sales and marketing expenses		674		14,278		(14	)
General and administrative expenses		1,979		15,324		681
		2,970		29,748		768

As of December 31, 2021, the unrecognized share-based compensation expenses related to share options were RMB471, which are expected to be recognized in 2022.