| Balances and Transaction with Related Parties |
The Group had the following significant balances and transactions with major related parties:
| |
(a) |
Amount due from/to related parties: |
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| |
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Amounts due from
related parties, current
As of May 31, |
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|
Amounts due to
related parties, current
As of May 31, |
|
| |
Notes |
|
Relationship |
|
2025 |
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
| |
|
|
|
|
US$ |
|
|
US$ |
|
|
US$ |
|
|
US$ |
|
| Metropolis Holding China Limited (“Metropolis”) |
|
(1) |
|
Company controlled by the Founder |
|
|
3,273 |
|
|
|
1,756 |
|
|
|
403 |
|
|
|
— |
|
| Beijing Edutainment World Education Technology Co., Ltd (“Edutainment World”) |
|
(2) |
|
Long-term investee |
|
|
3,070 |
|
|
|
2,476 |
|
|
|
— |
|
|
|
— |
|
| Others |
|
|
|
|
|
|
224 |
|
|
|
3,510 |
|
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|
2 |
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|
88 |
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|
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|
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| Total |
|
|
|
|
|
|
6,567 |
|
|
|
7,742 |
|
|
|
405 |
|
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|
88 |
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| |
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|
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Amounts due from
related parties,
non-current
As of May 31, |
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| |
Notes |
|
|
Relationship |
|
2025 |
|
|
2026 |
|
| |
|
|
|
|
|
US$ |
|
|
US$ |
|
| Metropolis |
|
|
(1) |
|
|
Company controlled by the Founder |
|
|
1,908 |
|
|
|
2,891 |
|
| Thaiwoo Management |
|
|
(3) |
|
|
Equity method investee |
|
|
6,390 |
|
|
|
8,276 |
|
| Others |
|
|
|
|
|
|
|
|
4,166 |
|
|
|
1,478 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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| Total |
|
|
|
|
|
|
|
|
12,464 |
|
|
|
12,645 |
|
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|
|
Rental expenses
For the years ended May 31, |
|
|
Notes |
|
|
|
2024 |
|
|
2025 |
|
|
2026 |
|
|
|
|
|
|
US$ |
|
|
US$ |
|
|
US$ |
|
|
|
(1) |
|
Company controlled by the Founder |
|
|
10,896 |
|
|
|
13,160 |
|
|
|
14,026 |
|
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Revenues
For the years ended May 31, |
|
|
Notes |
|
|
|
|
2024 |
|
|
2025 |
|
|
2026 |
|
|
|
|
|
|
|
US$ |
|
|
US$ |
|
|
US$ |
|
|
|
|
(2) |
|
|
Long-term investee |
|
|
251 |
|
|
|
— |
|
|
|
— |
|
|
|
|
(1) |
|
|
Company controlled by the Founder |
|
|
— |
|
|
|
185 |
|
|
|
480 |
|
|
|
|
|
|
|
|
|
|
— |
|
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|
— |
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|
1 |
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|
|
|
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|
|
|
|
|
|
|
|
|
|
|
251 |
|
|
|
185 |
|
|
|
481 |
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Loans provided to related parties
For the years ended May 31, |
|
|
Notes |
|
|
|
|
2024 |
|
|
2025 |
|
|
2026 |
|
|
|
|
|
|
|
US$ |
|
|
US$ |
|
|
US$ |
|
|
|
|
(3) |
|
|
Equity method investee |
|
|
— |
|
|
|
6,371 |
|
|
|
1,405 |
|
|
|
|
|
|
|
|
|
|
1,388 |
|
|
|
— |
|
|
|
— |
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|
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|
|
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|
|
|
|
1,388 |
|
|
|
6,371 |
|
|
|
1,405 |
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Cost
For the years ended May 31, |
|
|
Notes |
|
|
|
|
2024 |
|
|
2025 |
|
|
2026 |
|
|
|
|
|
|
|
US$ |
|
|
US$ |
|
|
US$ |
|
|
|
|
(2) |
|
|
Long-term investee |
|
|
48 |
|
|
|
5 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
— |
|
|
|
35 |
|
|
|
10 |
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|
|
|
|
|
|
|
48 |
|
|
|
40 |
|
|
|
10 |
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