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Other Non-Current Assets (Tables)
12 Months Ended
Dec. 31, 2021
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]  
Schedule of Other Non-Current Assets

 

Other non-current assets consisted of the following:

 

  

 

As of December 31,

 

 

 

2020

 

 

2021

 

 

 

RMB

 

 

RMB

 

Prepayment to acquire a building (1)

 

 

404,725

 

 

 

 

Employee loans (2)

 

 

28,902

 

 

 

30,702

 

Rental deposits (3)

 

 

9,735

 

 

 

5,245

 

Others

 

 

1,266

 

 

 

4,216

 

Total

 

 

444,628

 

 

 

40,163

 

 

 

(1)

The amount represented the prepayment made in 2018 for a building (Building D) in Wuhan. In March 2021, Building D was completed for intended use and the prepayment was transferred to property and equipment (Note 6) and relevant input VAT.  

 

(2)

In 2019, the Group approved an employee benefit program under which eligible employees can apply for loans from the Group at prevailing interest rates. Upon maturity, the loans can be repaid by cash or the Company's ordinary shares held by those employees based on prevailing market price at the settlement date.

 

(3)

The amount represented office and enrollment centers’ rental deposits under the lease contracts, which are not refundable within one year.