| Schedule of Segment Reporting Information, by Segment |
For the year ended May 31, 2024
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Educational
services and
test
preparation
courses |
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|
Private label
products and
livestreaming
e-commerce |
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|
Overseas study
consulting
services |
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|
Others |
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Consolidated |
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| |
US$ |
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|
US$ |
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|
US$ |
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|
US$ |
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|
US$ |
|
Net revenues |
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|
2,716,174 |
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|
900,614 |
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439,744 |
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257,054 |
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4,313,586 |
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Less: |
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Cost of revenues |
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(1,027,889 |
) |
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(677,270 |
) |
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(214,602 |
) |
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(131,199 |
) |
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(2,050,960 |
) |
Selling and marketing |
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(348,121 |
) |
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(124,975 |
) |
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(92,865 |
) |
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(77,785 |
) |
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(643,746 |
) |
General and administrative |
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(755,074 |
) |
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(77,626 |
) |
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(57,204 |
) |
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(75,657 |
) |
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(965,561 |
) |
Unallocated corporate expenses |
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— |
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— |
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— |
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— |
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(302,894 |
) |
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Segment operating income/(loss) (1) |
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585,090 |
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20,743 |
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75,073 |
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(27,587 |
) |
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350,425 |
|
Unallocated items(2) |
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84,483 |
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Income before income taxes |
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434,908 |
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Segment assets |
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2,217,342 |
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831,620 |
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119,725 |
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486,305 |
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3,654,992 |
|
Unallocated corporate assets |
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— |
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— |
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— |
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— |
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3,876,681 |
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Total assets |
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2,217,342 |
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831,620 |
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119,725 |
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486,305 |
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7,531,673 |
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| For the year ended May 31, 2025
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|
| |
|
Educational
services and
test
preparation
courses |
|
|
Private label
products and
livestreaming e-
commerce |
|
|
Overseas
study
consulting
services |
|
|
Others |
|
|
Consolidated |
|
| |
US$ |
|
|
US$ |
|
|
US$ |
|
|
US$ |
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|
US$ |
|
| Net revenues |
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3,456,189 |
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|
600,281 |
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516,367 |
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|
327,425 |
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4,900,262 |
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| Less: |
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| Cost of revenues |
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(1,319,315 |
) |
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(410,377 |
) |
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(251,782 |
) |
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(201,817 |
) |
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(2,183,291 |
) |
| Selling and marketing |
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(414,669 |
) |
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(121,421 |
) |
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(103,015 |
) |
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(121,174 |
) |
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(760,279 |
) |
| General and administrative |
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(913,775 |
) |
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(78,778 |
) |
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(79,071 |
) |
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(93,100 |
) |
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(1,164,724 |
) |
| Unallocated corporate expenses |
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|
— |
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— |
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— |
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— |
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(363,718 |
) |
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Segment operating income/(loss) (1) |
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808,430 |
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(10,295 |
) |
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82,499 |
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(88,666 |
) |
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428,250 |
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| |
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93,877 |
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| Income before income taxes |
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522,127 |
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| Segment assets |
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2,682,938 |
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846,535 |
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125,030 |
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447,498 |
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4,102,001 |
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| Unallocated corporate assets |
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— |
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— |
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— |
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— |
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3,703,498 |
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| Total assets |
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2,682,938 |
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846,535 |
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125,030 |
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447,498 |
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7,805,499 |
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| For the year ended May 31, 2026
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| |
|
Educational
services and
test preparation
courses |
|
|
Private label
products and
livestreaming e-
commerce |
|
|
Overseas study
consulting
services |
|
|
Others |
|
|
Consolidated |
|
| |
US$ |
|
|
US$ |
|
|
US$ |
|
|
US$ |
|
|
US$ |
|
| Net revenues |
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|
4,006,764 |
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|
806,912 |
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|
511,346 |
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|
336,272 |
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|
5,661,294 |
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| Less: |
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| Cost of revenues |
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(1,570,207 |
) |
|
|
(522,675 |
) |
|
|
(255,699 |
) |
|
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(219,586 |
) |
|
|
(2,568,167 |
) |
| Selling and marketing |
|
|
(450,251 |
) |
|
|
(153,593 |
) |
|
|
(111,023 |
) |
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(117,657 |
) |
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(832,524 |
) |
| General and administrative |
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(1,048,565 |
) |
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(43,051 |
) |
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(79,190 |
) |
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(97,633 |
) |
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(1,268,439 |
) |
| Unallocated corporate expenses |
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|
— |
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|
— |
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|
— |
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|
— |
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|
|
(348,913 |
) |
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Segment operating income/(loss) (1) |
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|
937,741 |
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|
87,593 |
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|
65,434 |
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(98,604 |
) |
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643,251 |
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| |
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|
69,521 |
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| Income before income taxes |
|
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|
712,772 |
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| Segment assets |
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2,979,430 |
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1,028,683 |
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|
140,666 |
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|
393,453 |
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|
4,542,232 |
|
| Unallocated corporate assets |
|
|
— |
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|
— |
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|
— |
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|
— |
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|
4,249,788 |
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| Total assets |
|
|
2,979,430 |
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|
1,028,683 |
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|
140,666 |
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|
393,453 |
|
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|
8,792,020 |
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