Summary of long-term borrowings consisted of the following:

(1) The Company has entered into a facility agreement (the "Facility Agreement") with China Merchants Bank Co., Ltd. Singapore Branch for an uncommitted credit facility up to RMB110 million (in USD equivalent), which will be utilized to provide credit support for a domestic fixed assets loan (the "Loan") of RMB90 million. As of February 28, 2026, the Group has withdrawn RMB90,000 (US$13,123) from the loan in China Merchants Bank Co., Ltd. Shanghai Branch with maturity date in December, 2030, including RMB1,319 (US$191) with an effective interest rate of 3.60%, RMB61,280 (US$8,936) with an effective interest rate of 3.40%, RMB19,535 (US$2,849) with an effective interest rate of 3.35% and RMB7,866 (US$1,147) with an effective interest rate of 3.25%. Loan is uncommitted fully cash backed, with restricted cash amount of RMB129,478 (US$18,880) as of February 28, 2026. For the years ended February 29, 2024, February 28, 2025 and 2026, the Company incurred RMB142, RMB2,155 and RMB2,906 (US$424) in interest expense, of which RMB142, RMB990 and nil was capitalized in Property and equipment, net, respectively.

(2) The Group is requested to make the repayment every half year for the principles from June 25, 2026 to December 15, 2030. For the long-term borrowings as of February 28, 2026, the repayment scheduled agreed by both parties is as following: