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Intangible Assets, Net

12 Months Ended

Feb. 29, 2024

Intangible Assets, Net (Excluding Goodwill) [Abstract]

6. INTANGIBLE ASSETS, NET

Intangible assets, net, consisted of the following:


	As of
	February 28, 2023		February 29, 2024
	RMB		RMB		USD
Trade name		4,000		4,000		556
Student base and customer relationship		2,200		2,200		306
School cooperation agreements		1,000		1,000		139
Non-compete agreements		440		440		61
Purchased software		442		442		61
License		302		302		42
Total		8,384		8,384		1,165
Less: accumulated amortization		5,908		6,526		907
Intangible assets, net		2,476		1,858		258

For the years ended February 28, 2022, 2023 and February 29, 2024, amortization expenses were RMB1,719, RMB789 and RMB618 (US$86), respectively. As of February 29, 2024, estimated amortization expense of the existing intangible assets for each of the next five years ending February 28, 2029 and thereafter is RMB424, RMB424, RMB410, RMB400, RMB200 and nil.

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