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Property and Equipment, Net | 12 Months Ended
--- | ---
Feb. 29, 2024
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, 2023 |  |  | February 29, 2024 |
|  | RMB |  |  | RMB |  |  | USD |
Leasehold improvement |  |  | 7,334 |  |  |  | 5,501 |  |  |  | 765 |
Motor vehicles |  |  | 3,007 |  |  |  | 2,772 |  |  |  | 385 |
Electronic equipment |  |  | 3,503 |  |  |  | 3,275 |  |  |  | 455 |
Office equipment & furniture |  |  | 1,760 |  |  |  | 1,355 |  |  |  | 188 |
Construction in progress |  |  | 7,899 |  |  |  | 63,859 |  |  |  | 8,872 |
Total |  |  | 23,503 |  |  |  | 76,762 |  |  |  | 10,665 |
Less: accumulated depreciation |  |  | 9,524 |  |  |  | 10,693 |  |  |  | 1,486 |
Property and equipment, net |  |  | 13,979 |  |  |  | 66,069 |  |  |  | 9,179 |
The construction in progress as of February 28, 2023 and February 29, 2024, are mainly the study camps construction in Wuyuan, Jiangxi. As of February 29, 2024, the Group entered into a number of agreements, at total cost of approximately RMB 130,718 for the development of study camps in Wuyuan, covering approximately 45,535.3 square meters of construction area. As of February 29, 2024, RMB 65,822 (US$9,145) had been paid for the construction. The Group expect to complete the construction in July 2024. For the years ended February 28, 2022, 2023 and February 29, 2024, depreciation expenses were RMB 8,458, RMB 2,802 and RMB 3,735 (US$519), respectively. The Group recorded impairment loss for property and equipment of RMB 7,871, nil and RMB 3,674 (US$510) for the years ended February 28, 2022, 2023 and February 29, 2024, 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. The impairment loss for the year ended February 29, 2024 arose as a result of the plan to cease the operation of several study camps.

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