New Oriental Education & Technology Group Inc. (New Oriental), a leading provider of private educational services in China, has announced an increase in its share repurchase program. The board of directors has approved the expansion of the program from the previously authorized amount of US$400 million to US$700 million. This upsizing is effective through May 31, 2025, and as of the date of the announcement, New Oriental has already repurchased approximately US$330.3 million worth of its ADSs. The repurchases will be conducted through various methods such as open market transactions, privately negotiated transactions, block trades, or other legal means, subject to market conditions and regulatory requirements. The board intends to periodically review the program and may adjust its terms and size accordingly. New Oriental's ADSs, representing ten common shares each, are traded on the NYSE, and its Hong Kong-listed shares are fully fungible with the NYSE-listed ADSs.

New Oriental Education & Technology Group Inc. (New Oriental), a leading provider of private educational services in China, has announced an increase in its share repurchase program. The board of directors has approved the expansion of the program from the previously authorized amount of US$400 million to US$700 million. This upsizing is effective through May 31, 2025, and as of the date of the announcement, New Oriental has already repurchased approximately US$330.3 million worth of its ADSs. The repurchases will be conducted through various methods such as open market transactions, privately negotiated transactions, block trades, or other legal means, subject to market conditions and regulatory requirements. The board intends to periodically review the program and may adjust its terms and size accordingly. New Oriental's ADSs, representing ten common shares each, are traded on the NYSE, and its Hong Kong-listed shares are fully fungible with the NYSE-listed ADSs.