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Share-Based Compensation (Tables) | 12 Months Ended
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Feb. 28, 2025
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, 2023 |  |  | February 29, 2024 |  |  | February 28, 2025 |
|  | RMB |  |  | RMB |  |  | RMB |  |  | USD |
General and administrative expenses |  |  | 3,001 |  |  |  | 2,939 |  |  |  | 4,892 |  |  |  | 672 |
Sales and marketing expenses |  |  | 167 |  |  |  | 183 |  |  |  | 134 |  |  |  | 18 |
Total share-based compensation |  |  | 3,168 |  |  |  | 3,122 |  |  |  | 5,026 |  |  |  | 690 |
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 thousand) |  |  | RMB |  |  | Years |  |  | RMB |
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 |  |  |  | — |
Granted |  |  | 650 |  |  |  | 7.28 |  |  |  | 9.50 |  |  |  |
Forfeited |  |  | (85 | ) |  |  | 12.13 |  |  |  | 5.08 |  |  |  |
Expired |  |  | (25 | ) |  |  | 14.57 |  |  |  | 8.33 |  |  |  |
Exercised |  |  | (1,137 | ) |  |  | 5.95 |  |  |  | 8.99 |  |  |  |
Options outstanding on February 28, 2025 |  |  | 2,629 |  |  |  | 9.25 |  |  |  | 6.19 |  |  |  | 131.00 |
Options vested or expected to vest on February 28, 2025 |  |  | 3,767 |  |  |  | 7.56 |  |  |  | 7.00 |  |  |  | 319.00 |
Options exercisable on February 28, 2025 |  |  | 1,941 |  |  |  | 8.46 |  |  |  | 4.73 |  |  |  | 132.00 |
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 and repriced during the year ended February 28, 2025 with reference to the closing price of the Company on the measurement dates.
|  | For the Year Ended |
|  | February 28, |
|  | 2025 |
Average risk-free rate of interest |  | 3.79% - 3.90% |
Estimated volatility rate |  | 52% - 61% |
Dividend yield |  |  | 0 | %
Life of options |  | 10 years |

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