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

Cash, cash equivalents and restricted cash

v3.22.2
Cash, cash equivalents and restricted cash
12 Months Ended
Feb. 28, 2022
Cash Cash Equivalents And Restricted Cash [Abstract]  
Cash, cash equivalents and restricted cash

12

Cash, cash equivalents and restricted cash

 

(i) Cash and cash equivalents

 

 

As of

February 28,

2022

 

 

As of

February 28,

2021

 

 

 

US$

 

 

US$

 

Bank balances

 

 

68,809,057

 

 

 

134,025,561

 

 

 

(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 in prior year ended February 28, 2021. The share repurchase program has been completed during the year.