| Schedule of Property, Plant and Equipment, Net |
Schedule
of 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 | |
| Beginning balance, cost | |
| 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 | |
| Ending balance, cost | |
| 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 | |
| Beginning balance, Accumulated depreciation | |
| 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 | |
| Ending balance, Accumulated depreciation | |
| 569,326 | | |
| 1,221,136 | | |
| 22,688 | | |
| 669,127 | | |
| - | | |
| 2,482,277 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Impairment provision | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| At February 28, 2026 | |
| - | | |
| - | | |
| - | | |
| - | | |
| 849,553 | | |
| 849,553 | |
| Beginning balance, Impairment provision | |
| - | | |
| - | | |
| - | | |
| - | | |
| 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 | |
| Ending balance, Impairment provision | |
| - | | |
| - | | |
| - | | |
| - | | |
| 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 | |
| Net book value | |
| 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. |
|