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Related Party Transactions (Tables)
12 Months Ended
Feb. 28, 2025
Related Party Transactions [Abstract]  
Schedule of Major Related Parties and their Relationship with Group

The table below sets forth the major related parties and their relationships with the Group:

Name of related parties

 

Relationship with the group

Four Seasons Online Education (Cayman) Inc.("FSOL")

Equity method investee of the Group

Shanghai Yanjin Information Technology Co., Ltd. ("VIP Sing")

Equity method investee of the Group

Four Seasons Online Education (HK) Inc.("FSOL (HK)")

 

Equity method investee of the Group

Shanghai Fuxi Network Co., Ltd.("Fuxi Network")

 

Equity method investee of the Group

Shanghai Jiaxin Travel Agency ("Jiaxin Travel")

 

Entity controlled by Tian Peiqing, Chairman of the Group

Shanghai Jing’an Dangdai Art Training School ("Dangdai")

 

Entity Sponsored by Shanghai Jiaxin Travel Agency, Entity controlled by Tian Peiqing, Chairman of the Group

Huangshan Culture Investment Group Co., Ltd. ("Huangshan Culture")

 

Non-controlling interest shareholder of VIE's subsidiary

Ju Yiming, Yang Huining, Ma Lichao, Yang Hongguan, Tao Jingyu

 

Non-controlling interest shareholders of VIE's subsidiaries

Shanghai Four Season Online School ("SHFSOS")

 

Entity Sponsored by Shanghai Jiaxin Travel Agency, Entity controlled by Tian Peiqing, Chairman of the Group

East China Normal University Electronic and Audio-visual Publishing House ("ESNU E&A Publishing")

 

Wholly-owned subsidiary of the non-controlling shareholder of the Group

Shanghai Jiading Four Seasons Bole Training School ("Bole")

 

Entity Sponsored by Shanghai Jiaxin Travel Agency, Entity controlled by Tian Peiqing, Chairman of the Group

East China Normal University Publishing House ("ESNU Publishing")

 

Non-controlling interest shareholders of VIE's subsidiaries

Shanghai Changning Four Seasons Training School ("Changning FSTS")

 

Sponsored by Shanghai Jiaxin Travel Agency, Entity controlled by Tian Peiqing, Chairman of the Group

Shanghai Minhang Four Seasons Culture Training School ("Minhang FSCS")

 

Sponsored by Shanghai Jiaxin Travel Agency, Entity controlled by Tian Peiqing, Chairman of the Group

Shanghai Xinhao Consulting Management Co., Ltd ("Xinhao Consulting")

 

Non-controlling interest shareholder of the Group

Shanghai Xuhui Four Seasons Training School ("Xuhui FSTS")

 

Sponsored by Shanghai Jiaxin Travel Agency, Entity controlled by Tian Peiqing, Chairman of the Group

Jiangxi Wuyuan Tourism Co., Ltd ("Wuyuan Tourism")

 

Non-controlling interest shareholder of the Group

Schedule of Transactions With Related Parties

The Group entered into the following transactions with its related parties:

 

 

For the Years Ended

 

 

 

February 28

 

 

February 29

 

 

February 28

 

 

 

2023

 

 

2024

 

 

2025

 

 

 

RMB

 

 

RMB

 

 

RMB

 

 

USD

 

Services provided to related parties

 

 

 

 

 

 

 

 

 

 

 

 

Jiaxin Travel (1)

 

 

 

 

 

1,153

 

 

 

7

 

 

 

1

 

SHFSOS (2)

 

 

7,381

 

 

 

884

 

 

 

 

 

 

 

Dangdai (3)

 

 

124

 

 

 

246

 

 

 

413

 

 

 

57

 

ESNU Publishing (4)

 

 

155

 

 

 

56

 

 

 

 

 

 

 

Bole (5)

 

 

 

 

 

30

 

 

 

 

 

 

 

Total

 

 

7,660

 

 

 

2,369

 

 

 

420

 

 

 

58

 

Purchases of services provided by related parties

 

 

 

 

 

 

 

 

 

 

 

 

SHFSOS (2)

 

 

127

 

 

 

253

 

 

 

6,593

 

 

 

907

 

ESNU E&A Publishing (4)

 

 

532

 

 

 

146

 

 

 

94

 

 

 

13

 

Xinhao Consulting(6)

 

 

 

 

 

 

 

 

300

 

 

 

41

 

Wuyuan Tourism(7)

 

 

 

 

 

 

 

 

1,232

 

 

 

169

 

Total

 

 

659

 

 

 

399

 

 

 

8,219

 

 

 

1,130

 

Short-term lease and comprehensive revenue services from related parties

 

 

 

 

 

 

 

 

 

 

 

 

Bole (5)

 

 

 

 

 

1,085

 

 

 

2,800

 

 

 

384

 

Changning FSTS (8)

 

 

 

 

 

 

 

 

1,800

 

 

 

247

 

Minhang FSCS (8)

 

 

 

 

 

 

 

 

600

 

 

 

82

 

Xuhui FSTS(8)

 

 

 

 

 

 

 

 

1,600

 

 

 

220

 

Huangshan Culture (9)

 

 

91

 

 

 

 

 

 

 

 

 

 

Dangdai (3)

 

 

 

 

 

3,025

 

 

 

4,300

 

 

 

590

 

Total

 

 

91

 

 

 

4,110

 

 

 

11,100

 

 

 

1,523

 

Loan to related parties

 

 

 

 

 

 

 

 

 

 

 

 

Dangdai (10)

 

 

122

 

 

 

3,785

 

 

 

 

 

 

 

Bole (10)

 

 

 

 

 

300

 

 

 

 

 

 

 

Non-controlling interest shareholders of subsidiaries (10)

 

 

 

 

 

583

 

 

 

 

 

 

 

Others (10)

 

 

 

 

 

95

 

 

 

 

 

 

 

Total

 

 

122

 

 

 

4,763

 

 

 

 

 

 

 

(1) The Group provided tourism service to Jiaxin Travel.

(2) The Group provided course design and development services, digital learning system, student management platform and promotional assistance service to SHFSOS, and charged service fee accordingly. The Group also purchased IT support service from SHFSOS and purchased learning service for the online course from SHFSOS.

(3) The Group sold textbooks for the course 'Math point to point' to Shanghai Jing'an Dangdai Art Training School ('Dangdai') and recognizes related revenue. The Group also rent operation space from Dangdai, and purchased school reception, management, and cleaning service from Dangdai.

(4) The Group charged service fee from ESNU Publishing for the copyright use of the Group's self-developed book series. The Group also purchased printing service for the self-developed book series from ESNU E&A Publishing.

(5) The Group provided labor outsourcing service to Bole and recognizes related revenue. The Group also rent operation space from Bole, and purchased school reception, management, and cleaning service from Bole.

(6) The Group purchased comprehensive consulting service from Xinhao Consulting.

(7) The Group paid Wuyuan Tourism for the resource usage fee in Wuyuan.

(8) The Group rent operation space, and purchased school reception, management, and cleaning service from Changning FSTS, Minhang FSCS and Xuhui FSTS.

(9) The Group rent operation space from Huangshan Culture, which was within one year and recorded as short-term lease expense.

(10) The Group makes loans to related parties to support their daily operations. The loans are interest-free, unsecured, and due on demand.

Schedule of Amounts Owed from and To Related Parties

The following tables present amounts due from and to related parties as of February 29, 2024 and February 28, 2025:

 

 

As of

 

 

 

February 29,

 

 

February 28,

 

 

 

2024

 

 

2025

 

 

 

RMB

 

 

RMB

 

 

USD

 

Amount due from related parties

 

 

 

 

 

 

 

 

 

SHFSOS (1)

 

 

4,240

 

 

 

 

 

 

 

Dangdai (2)

 

 

1,682

 

 

 

1,124

 

 

 

154

 

ESNU E&A Publishing (3)

 

 

1,759

 

 

 

1,625

 

 

 

223

 

Non-controlling interest shareholders of VIE's subsidiaries (4)

 

 

583

 

 

 

582

 

 

 

80

 

Total

 

 

8,264

 

 

 

3,331

 

 

 

457

 

Amounts due to related parties

 

 

 

 

 

 

 

 

 

FSOL (5)

 

 

1,276

 

 

 

1,252

 

 

 

172

 

Changning FSTS (6)

 

 

 

 

 

400

 

 

 

55

 

Minhang FSCS (7)

 

 

 

 

 

300

 

 

 

41

 

Xinhao Consulting (8)

 

 

 

 

 

300

 

 

 

41

 

Bole (9)

 

 

1,085

 

 

 

500

 

 

 

69

 

Dangdai (10)

 

 

 

 

 

500

 

 

 

69

 

ESNU Publishing (11)

 

 

496

 

 

 

468

 

 

 

64

 

Wuyuan Tourism (12)

 

 

 

 

 

1,232

 

 

 

169

 

Non-controlling interest shareholders of VIE's subsidiaries (13)

 

 

503

 

 

 

300

 

 

 

41

 

Others

 

 

24

 

 

 

4

 

 

 

1

 

Total

 

 

3,384

 

 

 

5,256

 

 

 

722

 

 

(1) The amount represents the receivable from course design and development services, digital learning system, student management platform and promotional assistance service provided to SHFSOS.

(2) The amount mainly represents the loan lent to Dangdai.

(3) The amount represents the prepayments for book printing service provided by ESNU E&A Publishing.

(4) The amount represents the loans to non-controlling shareholders, which were interest-free, unsecured, and due on demand.

(5) The amount represents the Group’s deposit in bank on behalf of the FSOL (CAYMAN).

(6) The amount represents the Group's payable to Changning FSTS for short-term lease and auxiliary service cost.

(7) The amount represents the Group's payable to Minhang FSCS for short-term lease and auxiliary service cost.

(8) The amount represents the Group's payable to Xinhao Consulting for comprehensive consulting services.

(9) The amount represents the Group's payable to Bole for short-term lease and auxiliary service cost.

(10) The amount represents the Group's payable to Dangdai for short-term lease and auxiliary service cost.

(11) The amount represents the advance from ESNU Publishing for copyright use.

(12) The amount represents the Group's payable to Wuyuan Tourism for resource usage fee.

(13) The amount represents the loans from non-controlling interest shareholders, which were non-interest bearing, unsecured, and due on demand.