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Consolidated Balance Sheet Condensed Balance Sheet (1) RMB '000s FY2019 FY2020 FY2021 FQ4'20 FQ4'21 Cash and cash equivalents 439,580 404,652 378,358 404,652 378,358 Property and equipment, net 27,000 19,749 15,804 19,749 15,804 Total assets 932,054 1,037,616 967,193 1,037,616 967,193 Deferred revenue 87,870 71,946 75,242 71,946 75,242 Total liabilities 175,123 362,664 320,805 362,664 320,805 Total equity 756,931 674,952 646,388 674,952 646,388 Total liabilities mezzanine equity and equity 932,054 1,037,616 967,193 1,037,616 967,193 SEASONS DUCATION Note 1. Fiscal year ended February 28/29 25 25

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