| Schedule of Available-for-Sale Securities Recorded in Long Term Investments Measured and Recorded at Fair Value on Recurring Basis |
As of May 31, 2025 and 2026, information about inputs for the fair value measurements of the Group’s assets that are measured at fair value on a recurring basis in periods subsequent to their initial recognition is as follows:
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As of May 31, 2025 |
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Description |
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Quoted Prices
in Active Market
for Identical
Assets
Level 1 |
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Significant
Other
Observable
Inputs
Level 2 |
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Significant
Unobservable
Inputs
Level 3 |
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Total |
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US$ |
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US$ |
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US$ |
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|
US$ |
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Short-term investments: |
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Wealth management products measured at fair value (a) |
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— |
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1,744,835 |
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— |
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1,744,835 |
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Trading securities (a) |
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128,667 |
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— |
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— |
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128,667 |
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Long-term investments: |
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Equity securities with readily determinable fair values (b) |
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7,851 |
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— |
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— |
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7,851 |
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Available-for-sale investments (c) |
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— |
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14,569 |
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115,970 |
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130,539 |
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Total |
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136,518 |
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1,759,404 |
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115,970 |
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2,011,892 |
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As of May 31, 2026 |
|
Description |
|
Quoted Prices
in Active Market
for Identical
Assets
Level 1 |
|
|
Significant
Other
Observable
Inputs
Level 2 |
|
|
Significant
Unobservable
Inputs
Level 3 |
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|
Total |
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US$ |
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US$ |
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US$ |
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|
US$ |
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Short-term investments: |
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Wealth management products measured at fair value (a) |
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— |
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2,166,493 |
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— |
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2,166,493 |
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Trading securities (a) |
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205,797 |
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— |
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— |
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205,797 |
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Long-term investments: |
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Equity securities with readily determinable fair values (b) |
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6,930 |
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— |
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— |
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6,930 |
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— |
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— |
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150,788 |
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150,788 |
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Total |
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212,727 |
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2,166,493 |
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150,788 |
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2,530,008 |
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(a) |
The short-term investments of wealth management products use alternative pricing sources, accordingly classified Level 2 measurement. The short-term investments of trading securities are valued at their daily closing price as reported by the financial institutions and are classified Level 1 measurement. |
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(b) |
The Company measured the fair value of its investments in common shares of listed companies using the market approach based on the quoted stock price of its investees in the active market and has classified it as Level 1 measurement. |
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(c) |
As of May 31, 2026, the fair value of investments amounted to US$150,788, with original cost of US$106,628 and unrealized gain of US$44,160. As of May 31, 2025, the fair value of investments amounted to US$130,539, with original cost of US$89,599 and unrealized gain of US$40,940. |
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| Reconciliation of the fair value measurements of assets and liabilities using significant unobservable inputs |
The following table provides additional information about the reconciliation of the fair value measurements of assets using significant unobservable inputs (Level 3).
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Level 3
investments |
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Balance as of June 1, 2024 |
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125,777 |
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Unrealized loss |
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(5,670 |
) |
Impairment |
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(4,412 |
) |
Disposals |
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(140 |
) |
Foreign exchange difference |
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|
415 |
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Balance as of May 31, 2025 |
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115,970 |
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Addition |
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12,338 |
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Transfer from level 2 |
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14,569 |
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Unrealized gain |
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3,220 |
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Foreign exchange difference |
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4,691 |
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Balance as of May 31, 2026 |
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150,788 |
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