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

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET

12 Months Ended

Mar. 31, 2012

(5) PROPERTY AND EQUIPMENT, NET

Property and equipment, net consist of the following:

	March 31,
	2011		2012
	RMB		RMB

Building	53,049,213		53,049,213
Computer equipment	20,252,736		21,672,897
Furniture, fixtures and office equipment	532,624		516,794
Software	11,976,549		12,261,549
Motor vehicles	1,935,402		1,885,402
Leasehold improvements	8,062,114		9,018,139
	95,808,638		98,403,994
Less: accumulated depreciation and amortization	(32,768,460	)	(38,513,688	)
Property and equipment, net	63,040,178		59,890,306

Total depreciation expenses for the year ended March 31, 2010, 2011 and 2012 were, RMB 9,962,811, RMB 10,785,073, and RMB 8,519,426, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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