RELATED PARTY BALANCES AND TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2023

RELATED PARTY BALANCES AND TRANSACTIONS

Schedule of related party balances and transactions

Name of Entity or Individual	Relationship with the Group
Mr. Leaf Hua Li and his spouse	Principal shareholder and member of his immediate families
Tencent Holdings Limited and its subsidiaries(“Tencent Group”)	Principal shareholder
Individual directors and officers and their spouses	Directors or officers of the Group and members of their immediate families

29.  RELATED PARTY BALANCES AND TRANSACTIONS (Continued)

(a)    Cash and cash equivalent

	As of December 31,
	2022	2023
	(HK$ in thousands)
Cash and cash equivalent	349	346

The balance represents the cash deposited by the Group in various payment channels of Tencent Group for funding marketing campaigns, of which could be withdrawn on demand.

(b)    Amounts Due to Related Parties

	As of December 31,
	2022	2023
	(HK$ in thousands)
Payables in relation to cloud equipment and services from Tencent Group	48,672	55,939
Payables to Tencent Group in relation to ESOP management services	3,822	11,957
Other services from Tencent Group	231	1,122
	52,725	69,018

(c)    Transactions with Related Parties

	Year ended December 31,
	2021	2022	2023
	(HK$ in thousands)
Cloud service fee	114,386	171,692	152,429
Software purchased	3,869	1,997	1,300
ESOP management service income	640	675	565
SMS channel service fee	1,197	1,018	135
Equipment purchased	45,658	—	—
Other services	135	335	5,006
	165,885	175,717	159,435