BEIJING, Aug. 19,
2024 /PRNewswire/ -- New Oriental Education &
Technology Group Inc. ("New Oriental" or the "Company") (NYSE: EDU
and SEHK: 9901), a provider of private educational services in
China, today announced that its
board of directors has approved a special cash dividend of
US$0.06 per common share, or
US$0.6 per ADS, to holders of common
shares and ADSs of record as of the close of business on
September 9, 2024, Beijing/Hong Kong Time and New York Time,
respectively, payable in U.S. dollars. The aggregate amount of the
cash dividend to be paid will be approximately US$100 million. For holders of common shares, in
order to qualify for the dividend, all valid documents for the
transfer of shares accompanied by the relevant share certificates
must be lodged for registration with the Company's Hong Kong branch share registrar,
Computershare Hong Kong Investor Services Limited, at Shops
1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East,
Wanchai, Hong Kong no later than
4:30 p.m. on September 9, 2024 (Beijing/Hong Kong Time). Dividend to be paid
to the Company's ADS holders through the depositary bank will be
subject to the terms of the deposit agreement. The payment date is
expected to be on or around September 23,
2024 and September 26, 2024
for holders of common shares and holders of ADSs, respectively.
About New Oriental
New Oriental is a 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 mainly consist of
educational services and test preparation courses, private label
products and livestreaming e-commerce and other services, overseas
study consulting services, and educational materials and
distribution. New Oriental is listed on NYSE (NYSE: EDU) and SEHK
(9901.SEHK), respectively. New Oriental's ADSs, each of which
represents ten common shares, are listed and traded on the NYSE.
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. Rita Fong
FTI Consulting
Tel: +852 3768 4548
Email: rita.fong@fticonsulting.com
Ms. Sisi Zhao
New Oriental Education and Technology Group Inc.
Tel: +86-10-6260-5568
Email: zhaosisi@xdf.cn
View original
content:https://www.prnewswire.com/news-releases/new-oriental-announces-a-special-cash-dividend-302225192.html
SOURCE New Oriental Education and Technology Group Inc.