On July 26th, during the shareholder conference call of Eastbuy Holdings Limited, New Oriental founder and Eastbuy CEO Yu Minhong spent over an hour addressing several key concerns of the public. Faced with doubts about investing in and competing with Hui Tongxing, Yu Minhong responded that he indeed has no estrangement with Dong Yuhui. Although they have different views on business, he thinks that he and Dong Yuhui are old friends, "even though I'm one year older than Yuhui's dad." "Yuhui fully recognizes my opinions and suggestions on business and layout, but indeed, this separation is an inevitable action because this world is not just the two of us." Yu Minhong said that as the CEO of Eastbuy, he promises that he will never participate in any capital operation and development with Hui Tongxing at any time in the future. He must do his best to protect the interests of shareholders and employees of Eastbuy and New Oriental, "but my personal relationship with Dong Yuhui is another matter." "Personally, I think that this split has great benefits for the future development of Eastbuy, although there is a price to pay, we finally gained peace." Yu Minhong said. (Pengpai)