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Property and Equipment, Net
 12 Months Ended
Feb. 28, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

5. PROPERTY AND EQUIPMENT, NET

Property and equipment, net, consisted of the followings:

 

 

 

As of

 

 

 

February 28,
2022

 

 

February 28,
2023

 

 

 

RMB

 

 

RMB

 

 

USD

 

Leasehold improvement

 

 

5,283

 

 

 

7,334

 

 

 

1,058

 

Motor vehicles

 

 

2,892

 

 

 

3,007

 

 

 

434

 

Electronic equipment

 

 

2,368

 

 

 

3,503

 

 

 

505

 

Office equipment & furniture

 

 

1,206

 

 

 

1,760

 

 

 

254

 

Construction in progress

 

 

5,101

 

 

 

7,899

 

 

 

1,139

 

Total

 

 

16,850

 

 

 

23,503

 

 

 

3,390

 

Less: accumulated depreciation

 

 

8,207

 

 

 

9,524

 

 

 

1,374

 

Property and equipment, net

 

 

8,643

 

 

 

13,979

 

 

 

2,016

 

 

For the years ended February 28, 2021, 2022 and 2023, depreciation expenses were RMB13,754, RMB8,458 and RMB2,802 (US$ 404), respectively.

The Group recorded impairment loss for property and equipment of nil, RMB7,871 and nil for the years ended February 28, 2021, 2022 and 2023, respectively. The impairment loss for the year ended February 28, 2022 arose as a result of the changes in the regulatory environment and the Business Restructuring.