v3.25.2
Related Party Transactions (Tables)
3 Months Ended
May 31, 2025
Related Party Transactions [Abstract]  
Summary of Related Parties Name and Relationship

The following is a list of related parties which the Company had transactions with during the three months ended May 31, 2025 and the year ended February 28, 2025:

 

 

  Name   Relationship
(a) Hongwei Li   Shareholder
(b) Strength Union Holdings Limited   Shareholder
(c) Virtue Victory Holdings Limited   Shareholder
(d) Intellegence Triumph Holdings Limited   Shareholder
(e) Guowei Zhang   President of the Company
(f) Xinxin Chen   Shareholder
(g) Chuchu Zhang   Shareholder
(h) Sichuan Zhicheng Qifeng Technology Co., Ltd   Minority shareholder
(i) Xiujuan Chen   Shareholder
Schedule of Related Party Transactions

At May 31, 2025 and February 28, 2025, the Company owned funds from the following related parties:

 

   

   February 28,
2025
   Provided  

Received

Repayment

   Exchange
Rate Translation
   May 31,
2025
 
Intellegence Triumph Holdings Limited  $5,000   $-   $-   $-   $5,000 
Virtue Victory Holdings Limited   5,200    -    -    -    5,200 
Strength Union Holdings Limited   5,800    -    -    -    5,800 
Hongwei Li   1,240    -    -    14    1,254 
Sichuan Zhicheng Qifeng Technology Co., Ltd   52,864    -    -    616    53,480 
Total amounts due from related parties  $70,104   $-   $-   $630   $70,734 

 

 

At May 31, 2025 and February 28, 2025, the Company owed funds to the following related parties:

 

   February 28,
2025
   Borrowed   Repaid   Exchange Rate Translation   May 31,
2025
 
Guowei Zhang  $2,046,179   $32,172   $-   $5,531   $2,083,882 
Xiujuan Chen   172,193    -    -    2,003    174,196 
Chuchu Zhang   27,462    -    -    319    27,781 
Total amounts due to related parties  $2,245,834   $32,172   $-   $7,853   $2,285,859 
Schedule of Related Party Amount Transferred to Creditor
Transferee  Transferred amounts (RMB)   Transferred amounts (USD) 
Hangzhou Chiyi Enterprise Management Partnership (Limited Partnership)   30,000,000.00    4,219,409 
Hangzhou Chuangzhu Enterprise Management Partnership (Limited Partnership)   10,097,186.49    1,420,139 
Hangzhou HongKuo Enterprise Management Partnership (Limited partnership)   41,802,605.93    5,879,410 
Hangzhou Hongying Enterprise Management Partnership (Limited Partnership)   10,000,000.00    1,406,470 
Hangzhou Liujin Enterprise Management Partnership (Limited Partnership)   37,880,435.02    5,327,769 
Hangzhou Ruiqi Enterprise Management Partnership (Limited Partnership)   43,500,000.00    6,118,143 
Hangzhou Zhusheng Enterprise Management Partnership (Limited Partnership)   20,000,000.00    2,812,940 
Hangzhou Zhuyuan Enterprise Management Partnership (Limited Partnership)   20,000,000.00    2,812,940 
Hangzhou Jizhong Ecological Technology Co., Ltd.   9,450,338.82    1,329,162 
Hangzhou Liujin Enterprise Management Partnership Co., Ltd.   2,000,000.00    281,294 
Hangzhou Renyigou E-Commerce Co., Ltd.   5,100,000.00    717,300 
Hangzhou Yixin Supply Chain Management Co., Ltd.   4,000,000.00    562,588 
Hangzhou Zhizhu Parking Co., Ltd.   458,469.12    64,482 
Total   234,289,035.38    32,952,046 
Schedule of Related Party Amount Before Transfers and Final Amounts Being Transferred

The below table shows the movements of loans before the transfers and the final amounts being transferred.

 

 

Transferor  Balance as at
January 15, 2023
(RMB)
   Offset
(RMB)
   Increase
(RMB)
   Transferred amounts (RMB)   Transferred amounts (USD) 
Hangzhou Chiyi Enterprise Management Partnership (Limited Partnership)   30,000,000.00    -    -    30,000,000.00    4,219,409 
Hangzhou Chuangzhu Enterprise Management Partnership (Limited Partnership)   10,097,186.49    -    -    10,097,186.49    1,420,139 
Hangzhou HongKuo Enterprise Management Partnership (Limited partnership)   41,802,605.93    -    -    41,802,605.93    5,879,410 
Hangzhou Hongying Enterprise Management Partnership (Limited Partnership)   10,000,000.00    -    -    10,000,000.00    1,406,470 
Hangzhou Liujin Enterprise Management Partnership (Limited Partnership)   37,880,435.02    -    8,652,951.79    46,533,386.81    6,544,780 
Hangzhou Liujin Enterprise Management Partnership Co., Ltd.   2,000,000.00    -    6,427,428.49    8,427,428.49    1,185,292 
Hangzhou Ruiqi Enterprise Management Partnership (Limited Partnership)   43,500,000.00    (2,309,273.07)   4,734,492.66    45,925,219.59    6,459,243 
Hangzhou Zhusheng Enterprise Management Partnership (Limited Partnership)   20,000,000.00    -    -    20,000,000.00    2,812,940 
Hangzhou Zhuyuan Enterprise Management Partnership (Limited Partnership)   20,000,000.00    -    -    20,000,000.00    2,812,940 
Hangzhou Jizhong Ecological Technology Co., Ltd.   9,450,338.82    (9,450,338.82)   -    -    - 
Hangzhou Renyigou E-Commerce Co., Ltd.   5,100,000.00    (5,100,000.00)   -    -    - 
Hangzhou Yixin Supply Chain Management Co., Ltd.   4,000,000.00    (4,000,000.00)   -    -    - 
Hangzhou Zhizhu Parking Co., Ltd.   458,469.12    (458,469.12)   -    -    - 
Total   234,289,035.38    (21,318,081.01)   19,814,872.94    232,785,827.31    32,740,623