Share-Based Compensation (Tables)

12 Months Ended

Feb. 28, 2022

Summary of Classification of Share-Based Compensation Expenses

The following table presents the classification of the Group’s share-based compensation expenses:

	For the year ended
	February 29, 2020		February 28, 2021		February 28, 2022
	RMB		RMB		RMB		USD
General and administrative expenses		28,784		26,822		8,817		1,398
Sales and marketing expenses		2,074		691		185		29
Total share-based compensation		30,858		27,513		9,002		1,427

Summary of Aggregate Options Activity and Information Regarding Options Outstanding

A summary of the aggregate option activity and information regarding options outstanding as of February 28, 2022 is as follows:

	Number of Options			Weighted  Average Exercise Price		Weighted Average Remaining Contract Life		Aggregate Intrinsic Value
	(in 000s)			RMB		Years		RMB
Options outstanding on March 1, 2021		4,090			14.96		6.94		29,428
Granted	—			—		—
Forfeited		(122	)		27.12		8.44
Expired		(70	)		19.91		5.43
Exercised	—			—		—
Options outstanding on February 28, 2022		3,898			14.49		5.91
Options vested or expected to vest on    February 28, 2022		3,898			14.49		5.91
Options exercisable on February 28, 2022		3,114			13.32		5.22

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 during the year ended February 29, 2020 and February 28, 2021 with reference to the closing price of the Company on the measurement dates.

	For the year ended
	February 29,			February 28,
	2020			2021
Average risk-free rate of interest	1.5%~2.0%				1.2	%
Estimated volatility rate	43.7%~45.8%				53.0	%
Dividend yield		0	%		0	%
Life of options	10 years			10 years