BEIJING, March 8, 2021 /PRNewswire/ -- New Oriental
Education & Technology Group Inc. ("New Oriental" or the
"Company") (NYSE: EDU and SEHK: 9901), the largest provider of
private educational services in China, today announced that that each of the
following proposed resolutions submitted for shareholder approval
have been adopted at its extraordinary general meeting of
shareholders held in Beijing
today:
- as an ordinary resolution, THAT effective as of March 10, 2021, each common share (whether issued
or unissued) of par value of US$0.01
each in the share capital of the Company be, subdivided into ten
common shares, with a par value of US$0.001 each, such that following such
subdivision, the authorized share capital of the Company shall be
US$3,000,000 divided into
3,000,000,000 shares with a par value of US$0.001 each;
- as a special resolution, THAT subject to the dual foreign name
"新东方教育科技(集团)有限公司" being entered in
the Register of Companies by the Registrar of Companies in the
Cayman Islands, the Chinese name
"新东方教育科技(集团)有限公司" be adopted as the
dual foreign name of the Company;
- as a special resolution, THAT subject to the passing of the
above Resolution 1 and Resolution 2, the Company's Amended and
Restated Memorandum of Association and Articles of Association (the
"Current M&AA") be amended and restated by their
deletion in their entirety and by the substitution in their place
of the Second Amended and Restated Memorandum of Association and
Articles of Association.
About New Oriental
New Oriental is the largest provider of private educational
services in China offering a wide
range of educational programs, services and products to a varied
student population throughout China. New Oriental's program, service and
product offerings consist of K-12 after-school tutoring, test
preparation, language training for adults, pre-school education,
primary and secondary school education, education materials and
distribution, online education, and other services. New Oriental is
listed on NYSE (NYSE: EDU) and SEHK (9901.SEHK) respectively. New
Oriental's ADSs, each of which represents one common share. 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, please
contact:
Ms. Sisi Zhao
New Oriental Education & Technology Group Inc.
Tel: +86-10-6260-5568
Email: zhaosisi@xdf.cn
Ms. Rita Fong / Ms. Charlotte Cheung
FTI Consulting
Tel: +852 3768 4548 / +852 3768 4732
Email: rita.fong@fticonsulting.com /
charlotte.cheung@fticonsulting.com
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SOURCE New Oriental Education and Technology Group Inc.