Intangible Assets, Net

12 Months Ended

Feb. 28, 2022

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Intangible Assets, Net

5. INTANGIBLE ASSETS, NET

Intangible assets, net, consisted of the following:

	As of
	February 28, 2021		February 28, 2022
	RMB		RMB		USD
Trade name		4,000		4,000		634
Student base and customer relationship		5,940		2,200		349
School cooperation agreements		1,000		1,000		159
Non-compete agreements		440		440		70
Purchased software		322		442		70
License		302		302		48
Total		12,004		8,384		1,330
Less: accumulated amortization		4,886		5,119		812
Intangible assets, net		7,118		3,265		518

For the years ended February 29, 2020, February 28, 2021 and 2022, amortization expenses were RMB4,328, RMB1,949 and RMB1,719 (US$272), respectively. As of February 28, 2022, estimated amortization expense of the existing intangible assets for each of the next five years ending February 28, 2027 and thereafter is RMB789, RMB614, RMB424, RMB424, RMB414 and RMB600.

The Group recorded impairment loss for intangible assets of RMB30,804, nil and RMB2,255 (US$357) for the years ended February 29, 2020, February 28, 2021 and 2022, respectively. The impairment loss for the year ended February 29, 2020 arose from the adverse impact that COVID-19 has had on the Group's operation forecast attributable to the intangible assets acquired in business combination in the fiscal year 2020. 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.