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Organization and Principal Activities (Tables)
 12 Months Ended
Feb. 28, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Details of Major Subsidiaries, VIEs and VIEs' Subsidiaries

As of February 28, 2022, details of the Company’s major subsidiaries, its VIEs and VIEs' subsidiaries are as follows:

Name

 

Later of
date of
incorporation
or acquisition

 

Place of
incorporation
(or
establishment)

 

Equity interest
attributed to the
Group as of
February 28,
2022

 

Principal
activities

Subsidiaries:

 

 

 

 

 

 

 

 

Four Seasons Education (Hong Kong) Limited
  ("Four Seasons Hong Kong")

 

June 24,
2014

 

Hong Kong

 

100%

 

Investment
holding

Shanghai Fuxi Information Technology Service Co., Ltd.
  ("Shanghai Fuxi")

 

December 29,
2014

 

Shanghai

 

100%

 

Consulting
 service

Variable interest entity:

 

 

 

 

 

 

 

 

Shanghai Four Seasons Education and Training Co., Ltd.
  ("Shanghai Four Seasons")

 

March 12,
2014

 

Shanghai

 

100%

 

Education
 service

Shanghai Four Seasons Education Investment Management Co., Ltd. ("Four Seasons Investment") (1)

 

March 13,
2007

 

Shanghai

 

100%

 

Investment
holding

VIE's subsidiaries:

 

 

 

 

 

 

 

 

Four Seasons Class Training Co., Ltd. ("Four Seasons Class")

 

September 1,
2016

 

Shanghai

 

100%

 

Education
 service

Shanghai Tongfang Technology Further Education School
  ("Tongfang School")

 

May 16,
2013

 

Shanghai

 

100%

 

Education
 service
(1)
On March 1, 2020, Shanghai Fuxi terminated the contractual arrangements with Four Seasons Investment and its shareholders, including the exclusive service agreement, exclusive call option agreement, equity pledge agreement and shareholder voting rights proxy agreement. At the same time, the ownership of the learning center previously held by Four Seasons Investment namely Shanghai Tongfang Technology Further Education School ("Tongfang School") was transferred to the other VIE of the Company, namely Shanghai Four Seasons. Other than Tongfang School, the assets and liabilities held by Four Seasons Investment were immaterial. On November 1, 2021, Shanghai Fuxi entered into a series of contractual arrangements with Four Seasons Investment and its shareholders through which the Company once again became the primary beneficiary of Four Seasons Investment.