Company:  NEW ORIENTAL EDUCATION & ... (EDU)
Form Type:  6-K
Filing Date:  4/6/2021 
CIK:  0001372920 
Address:  NO. 6 HAI DIAN ZHONG STREET, 9TH FLOOR 
City, State, Zip:  BEIJING,  100080 
Telephone:  (86-10) 6260-5566 
Fiscal Year:  05/31 
Last Trade
Last Trade: 
$2.16  
Change: 
-0.07 (-3.14%)  
Trade Time: 
04:10 PM EST  
Market Cap: 
$3.70B
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Description of Business
Our first school was established by Mr. Michael Minhong Yu, our executive chairman, in Beijing, China in 1993 to offer TOEFL test preparation courses to college students. We established New Oriental China in 2001 as a domestic holding company to act as the sponsor of our schools and hold some operating subsidiaries. Since our inception, we have grown rapidly and transformed ourselves from primarily a language training and test preparation company to 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. In order to facilitate foreign investment in our company, we established our offshore holding company, New Oriental Education & Technology Group Inc., in the British Virgin Islands in August 2004.
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  FORM 6-K
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  EXHIBIT 99.1