| | As of December 31, | | ||||||||||
| | 2017 | | 2016 | | ||||||||
| | Number | | US$ | | Number | | US$ | | ||||
| | of shares | | ‘000 | | of shares | | ‘000 | | ||||
Authorized: | | | | | | | | | | | | | |
Ordinary shares of US$0.008 each | | | | | | | | | | | | | |
At January 1 and December 31 | | | 51,000,000 | | | 400 | | | 5,000,000 | | | 400 | |
| | As of December 31, | | ||||||||||
| | 2017 | | 2016 | | ||||||||
| | Number | | RMB | | Number | | RMB | | ||||
| | of shares | | ‘000 | | of shares | | ‘000 | | ||||
Issued: | | | 3,851,485 | | | 206 | | | 2,820,939 | | | 151 | |
Outstanding and fully paid: | | | | | | | | | | | | | |
Ordinary shares of US$0.008 each | | | | | | | | | | | | | |
At January 1 | | | 2,820,939 | | | 151 | | | 2,565,136 | | | 137 | |
Issuance of new shares | | | 1,003,152 | | | 53 | | | 255,803 | | | 14 | |
Equity compensation | | | 27,394 | | | 2 | | | - | | | - | |
At December 31 | | | 3,851,485 | | | 206 | (2) | | 2,820,939 | | | 151 | (1) |