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Share-Based Compensation (Tables) | 12 Months Ended
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Feb. 29, 2024
Summary of Classification of Share-Based Compensation Expenses | The following table presents the classification of the Group’s share-based compensation expenses:
|  | For the Years Ended |
|  | February 28, 2022 |  |  | February 28, 2023 |  |  | February 29, 2024 |
|  | RMB |  |  | RMB |  |  | RMB |  | USD |
General and administrative expenses |  |  | 8,817 |  |  |  | 3,001 |  |  |  | 2,939 |  |  | 408 |
Sales and marketing expenses |  |  | 185 |  |  |  | 167 |  |  |  | 183 |  |  | 26 |
Total share-based compensation |  |  | 9,002 |  |  |  | 3,168 |  |  |  | 3,122 |  |  | 434 |
Summary of Aggregate Options Activity and Information Regarding Options Outstanding | A summary of the aggregate option activity and information regarding options outstanding for the periods presented are as below:
|  | Number of Options |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contract Life |  |  | Aggregate Intrinsic Value |
|  | (in 000s) |  |  | RMB |  |  | Years |  |  | RMB |
Options outstanding on February 28, 2022 |  |  | 3,898 |  |  |  | 14.49 |  |  |  | 5.91 |  |  |  | — |
Granted |  |  | — |  |  |  | — |  |  |  | — |  |  |  |
Forfeited |  |  | (93 | ) |  |  | 25.46 |  |  |  | 7.66 |  |  |  |
Expired |  |  | (592 | ) |  |  | 13.60 |  |  |  | 4.57 |  |  |  |
Exercised |  |  | — |  |  |  | — |  |  |  | — |  |  |  |
Options outstanding on February 28, 2023 |  |  | 3,213 |  |  |  | 14.34 |  |  |  | 4.91 |  |  |  | — |
Granted |  |  | 100 |  |  |  | 14.40 |  |  |  | 9.33 |  |  |  |
Forfeited |  |  | (72 | ) |  |  | 15.86 |  |  |  | 5.21 |  |  |  |
Expired |  |  | (15 | ) |  |  | 17.26 |  |  |  | 7.00 |  |  |  |
Exercised |  |  | — |  |  |  | — |  |  |  | — |  |  |  |
Options outstanding on February 29, 2024 |  |  | 3,226 |  |  |  | 15.66 |  |  |  | 4.08 |  |  |  | — |
Options vested or expected to vest on February 29, 2024 |  |  | 3,226 |  |  |  | 15.66 |  |  |  | 4.08 |  |  |  | — |
Options exercisable on February 29, 2024 |  |  | 2,959 |  |  |  | 15.35 |  |  |  | 3.72 |  |  |  | — |
Black-Scholes Option Pricing Model |
Schedule of Assumptions to Estimate Fair Value of Options Granted | The Group used the Black-Scholes option pricing model and the following assumptions to estimate the fair value of the options granted during the year ended February 29, 2024 with reference to the closing price of the Company on the measurement dates.
|  | For the Year Ended |
|  | February 29, |
|  | 2024 |
Average risk-free rate of interest |  | 3.61% or 3.65% |
Estimated volatility rate |  | 52.0% or 54.0% |
Dividend yield |  |  | 0 | %
Life of options |  | 10 years |

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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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