During the year ended February 28, 2025 and February 29, 2024, the Company entered into fourteen contracts with fourteen agents allowing them to use the Company’s software application to parking lots in the cities that are specified in the contracts for collecting fee. These contracts were terminated by the end of February 28, 2025 by mutual agreements. The refund presents the amount will be repaid to these agents in the following 12 months.

[2]

Other mainly included collection of parking fees on behalf of a third party.

- Definition

Amount of liabilities classified as other.

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+ Details

Jingbo Technology, Inc. 10-Q