v3.26.1
Property, Plant and Equipment, Net
 3 Months Ended
May 31, 2026
Property, Plant, and Equipment [Abstract]  
Property, Plant and Equipment, Net

6. Property, Plant and Equipment, Net

  

   Furniture, fixtures and office equipment   Building (a)   Vehicles   Project Facilities   Construction in progress   Total 
Cost                              
At February 28, 2026   617,720    4,409,167    42,388    1,162,826    920,033    7,152,134 
Additions during the year   19,282    -    731    87,238    12,692    119,943 
Disposals during the year   (5,418)   -    -    -    (44,949)   (50,367)
Effects of currency translation   8,532    59,756    583    16,766    12,097    97,734 
At May 31, 2026   640,116    4,468,923    43,702    1,266,830    899,873    7,319,444 
                               
Accumulated depreciation                              
At February 28, 2026   553,295    1,152,447    20,463    601,799    -    2,328,004 
Depreciation during the year   13,583    52,463    1,926    58,497    -    126,469 
Disposals during the year   (5,147)   -    -    -    -    (5,147)
Effects of currency translation   7,595    16,226    299    8,831    -    32,951 
At May 31, 2026   569,326    1,221,136    22,688    669,127    -    2,482,277 
                               
Impairment provision                              
At February 28, 2026   -    -    -    -    849,553    849,553 
Additions during the year   -    -    -    -    -    - 
Disposals during the year   -    -    -    -    -    - 
Effects of currency translation   -    -    -    -    11,514    11,514 
At May 31, 2026(b)   -    -    -    -    861,067    861,067 
                               
Net book value                              
At February 28, 2026   64,425    3,256,720    21,925    561,027    70,480    3,974,577 
At May 31, 2026   70,790    3,247,787    21,014    597,703    38,806    3,976,100 

 

(a) Address of the building is Floor 1 to 6, No. 1 to 10, Chuangyi Road, Yinhu Village, Shoujiang Town, Fuyang District, China. The Company is involved in a legal proceeding between Hangzhou Zhuyi and a third party. Pursuant to a Notice of Preservation Matters issued on May 22, 2025 by the Intermediate People’s Court of Hangzhou, Zhejiang Province, floor 1 to 4 are restricted for three years.

 

(b) Impairment provision was recognized for two projects with a local government. The Company incurred costs for equipment and personnel in connection with the construction of parking facilities for these projects. Both projects were suspended due to government-related factors. As of May 31, 2026, the Company remained in discussions with the local government regarding reimbursement of these costs and had not received any refunds.