UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
6-K
REPORT OFFOREIGN PRIVATE ISSUER
PURSUANT TO RULE
13a-16
OR
15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of May 2024
Commission File Number:
001-32993
NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC.
No. 6 Hai Dian Zhong Street
Haidian District
Beijing100080, People's Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form
20-F
or Form
40-F.
Form 20-F Form 40-F
-------------------------------------------------------------------------------
Exhibit Index
Exhibit 99.1 -
Press Release - New Oriental Extends Share Repurchase Program
-------------------------------------------------------------------------------
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf bythe
undersigned, thereunto duly authorized.
New Oriental Education & Technology Group Inc.
By: /s/ Stephen Zhihui Yang
Name: Stephen Zhihui Yang
Title: Executive President and Chief Financial Officer
Date: May 24, 2024
[Signature Page to
6-K]
Exhibit 99.1
New Oriental Extends Share Repurchase Program
BEIJING, May 24, 2024 /PRNewswire/ - New Oriental Education & Technology Group
Inc. ("New Oriental" or the "Company") (NYSE: EDUand SEHK: 9901), a provider
of private educational services in China, today announced that its board of
directors has authorized the Company to extend its share repurchase program
launched in 2022 and amended in 2023 (the "Share RepurchaseProgram"), over the
next twelve months through May 31, 2025. As of the date of this press release,
the Company had repurchased approximately US$246.3 million worth of its ADSs
under the Share Repurchase Program, and a balance ofapproximately US$153.7
million authorized under the Share Repurchase Program had not been utilized.
Pursuant to the extended Share Repurchase Program, the Company may repurchase
up to approximately US$153.7 million of its shares in theform of ADSs and/or
common shares through May 31, 2025.
The repurchases may be effected from time to time through open market
transactions atprevailing market prices, in privately negotiated transactions,
in block trades and/or through other legally permissible means, depending on
the market conditions and in accordance with applicable rules and regulations.
The Company's board ofdirectors will review the Share Repurchase Program
periodically, and may further authorize adjustment of its terms and size.
About New Oriental
New Oriental is a provider of private educational services in China offering a
wide range of educational programs, services and products to a variedstudent
population throughout China. New Oriental's program, service and product
offerings mainly consist of educational services and test preparation courses,
private label products and livestreaming
e-commerce
and other services, overseas study consulting services, and educational
materials and distribution. New Oriental is listed on NYSE (NYSE: EDU) and
SEHK (9901.SEHK), respectively. New Oriental'sADSs, each of which represents
ten common shares, are listed and traded on the NYSE. The Hong Kong-listed
shares are fully fungible with the ADSs listed on NYSE.
For more information about New Oriental, please visit http://www.neworiental.org
/english/.
Contacts
For investor and media inquiries, pleasecontact:
Ms. Rita Fong
FTI Consulting
Tel: +852 3768 4548
Email: rita.fong@fticonsulting.com
-------------------------------------------------------------------------------
Ms. Sisi Zhao
New Oriental Education and Technology Group Inc.
Tel:
+86-10-6260-5568
Email: zhaosisi@xdf.cn
2