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Intangible Assets, Net

12 Months Ended

Feb. 28, 2023

Intangible Assets, Net (Excluding Goodwill) [Abstract]

6. INTANGIBLE ASSETS, NET

Intangible assets, net, consisted of the following:


	As of
	February 28, 2022		February 28, 2023
	RMB		RMB		USD
Trade name		4,000		4,000		577
Student base and customer relationship		2,200		2,200		317
School cooperation agreements		1,000		1,000		144
Non-compete agreements		440		440		63
Purchased software		442		442		64
License		302		302		44
Total		8,384		8,384		1,209
Less: accumulated amortization		5,119		5,908		852
Intangible assets, net		3,265		2,476		357

For the years ended February 28, 2021, 2022 and 2023, amortization expenses were RMB1,949, RMB1,719 and RMB789 (US$114), respectively. As of February 28, 2023, estimated amortization expense of the existing intangible assets for each of the next five years ending February 28, 2028 and thereafter is RMB614, RMB424, RMB424, RMB414, RMB400 and RMB200.

The Group recorded impairment loss for intangible assets of nil, RMB2,255 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.