15. LEASES

The Group’s operating leases mainly related to offices and learning centers in the PRC. As of February 28, 2025 and February 28, 2026, the Group had no leases that were classified as a financing lease. Total operating lease expenses for the years ended February 29, 2024, February 28, 2025 and 2026 were RMB3,965, RMB7,958 and RMB11,652 (US$1,699), respectively, and was recorded in cost of revenues or operating expenses on the consolidated statements of operations. The short term lease expenses for the years ended February 29, 2024, February 28, 2025 and 2026 were RMB4,547, RMB119 and RMB1,145 (US$167) respectively and was recorded in the consolidated statements of operations. As of February 28, 2026, the Group did not have additional operating leases that have not yet commenced. The Group recorded nil impairment loss for operating lease right-of-use assets for the years ended February 29, 2024, February 28, 2025 and 2026, respectively.