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Long-Term Borrowings (Tables)

12 Months Ended

Feb. 29, 2024

Debt Disclosure [Abstract]

Summary of Long-term Borrowings

Summary of long-term borrowings consisted of the following:

Creditors

Annual Interest Rate

Maturity Date

As of

February 28, 2023

February 29, 2024

RMB

RMB

USD

China Merchants Bank (1)

3.60

%

December 15, 2030

—

40,000

5,557

(1) The Company has entered into a facility agreement (the "Facility Agreement") with China Merchants Bank Co., Ltd. Singapore Branch for an uncommitted credit facility up to RMB110 million (in USD equivalent), which will be utilized to provide credit support for a domestic fixed assets loan (the "Loan") of RMB90 million. As of February 29, 2024, the Group has withdrawn RMB40,000 (US$5,557) from the loan in China Merchants Bank Co., Ltd. Shanghai Branch with maturity date in December, 2030 and an effective interest rate of 3.60%. Loan is uncommitted fully cash backed, with restricted cash amount of RMB121,472 (US$16,876) as of February 29, 2024.

(2) The Group is requested to make the repayment every half year for the principles from July 25, 2026 to December 15, 2030. For the long-term borrowings as of February 29, 2024, the repayment scheduled agreed by both parties is as following:

				Repayment Amount
Period		Repayment Date		RMB				US$
1		July 25, 2026			2,000				278
2		January 25, 2027			2,000				278
3		June 25, 2027			2,000				278
4		January 25, 2028			2,000				278
5		June 25, 2028			2,000				278
6		January 25, 2029			2,000				278
7		June 25, 2029			2,000				278
8		January 25, 2030			2,000				278
9		June 25, 2030			2,000				278
10		December 15, 2030			22,000				3,055
		Total			40,000				5,557

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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