BEIJING, July 17, 2018 /PRNewswire/ -- New Oriental
Education and Technology Group Inc. (the "Company" or "New
Oriental") (NYSE: EDU), the largest provider of private educational
services in China, today announced
that its subsidiary, Koolearn Technology Holding Limited
("Koolearn"), a leading provider of online education service in
China, has submitted an
application for listing its ordinary shares on the main board of
the Stock Exchange of Hong Kong Limited.
The listing application is subject to review and approval of
authorities. Shareholders and potential investors in New Oriental
should be aware that there is no assurance as to whether and when
Kooleran's listing will take place.
The securities of Koolearn have not been and will not be
registered under the Securities Act of 1933, as amended (the
"Securities Act"), or any state securities laws, and may not be
offered or sold in the United
States absent registration under the Securities Act or an
applicable exemption from the registration requirements of the
Securities Act and applicable state securities laws.
This press release is not intended to, and does not, constitute
an offer to sell or a solicitation of an offer to purchase any
securities, in the United States
or elsewhere, and it is not intended to, and does not, constitute
an offer, solicitation or sale of any securities in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful.
About New Oriental
New Oriental is the largest provider of private educational
services in China based on the
number of program offerings, total student enrollments and
geographic presence. New Oriental offers a wide range of
educational programs, services and products consisting primarily of
language training and test preparation, primary and secondary
school education, online education, content development and
distribution, overseas study consulting services, pre-school
education and study tour. New Oriental's ADSs, each of which
represents one common share, currently trade on the New York Stock
Exchange under the symbol "EDU."
For more information about New Oriental, please visit
http://www.neworiental.org/english/.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "confidence" and similar statements. New
Oriental may also make written or oral forward-looking statements
in its reports filed or furnished to the U.S. Securities and
Exchange Commission, in its annual reports to shareholders, in
press releases and other written materials and in oral statements
made by its officers, directors or employees to third parties.
Statements that are not historical facts, including statements
about New Oriental's beliefs and expectations, are forward-looking
statements. Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement. Further information regarding these and other risks is
included in our annual report on Form 20-F and other documents
filed with the Securities and Exchange Commission. All information
provided in this press release is as of the date of this press
release, and New Oriental undertakes no duty to update such
information, except as required under applicable law.
Contacts
For investor and media inquiries, please contact:
Ms. Nan Dong
FTI Consulting
Tel: +852-3768-4569
Email: nan.dong@fticonsulting.com
Ms. Sisi Zhao
New Oriental Education and Technology Group Inc.
Tel: +86-10-6260-5568
Email: zhaosisi@xdf.cn
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SOURCE New Oriental Education and Technology Group Inc.