Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Cash, cash equivalents and restricted cash

v3.22.0.1
Cash, cash equivalents and restricted cash
12 Months Ended
Feb. 28, 2021
Cash Cash Equivalents And Restricted Cash [Abstract]  
Cash, cash equivalents and restricted cash

11

Cash, cash equivalents and restricted cash

 

(i) Cash and cash equivalents

 

 

As of

February 28,

2021

 

 

As of

February 29,

2020

 

 

 

US$

 

 

US$

 

Bank balances

 

 

134,025,561

 

 

 

165,298

 

 

 

(ii) Restricted cash

 

Restricted cash is in relation to cash held by an external party for the Group’s share repurchase program. The Group has authorised a share repurchase program of up to US$50,000,000 during the year. Balance of the share repurchase program as of February 28, 2021 amounted to US$35,686,643 (2020: zero).