Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
February 22 2022 - 5:18AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF
FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR
15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of February 2022
Commission File Number: 001-32993
NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC.
No. 6 Hai Dian Zhong Street
Haidian District
Beijing
100080, Peoples Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F
☑ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Explanatory Note
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 its unaudited financial results for the six months ended November 30, 2021 and provided business updates.
The Company has ceased its tutoring services related to academic subjects to students from kindergarten through grade nine
(K-9 Academic AST Services) in all of its learning centers in China. The cessation of its K-9 Academic AST Services has had a substantial adverse impact on
the Companys revenues for the six months ended November 30, 2021. In addition, the Company has incurred considerable costs and expenses in connection with the termination of its lease agreements in relation to the closure of its learning
centers and employee layoffs for the six months ended November 30, 2021.
The Company has shifted, and will continue to, shift its focus towards
educational products and services that are not related to K-9 Academic AST Services, such as its test preparation courses, language training courses for adults and educational materials, and explore other
business opportunities by leveraging its brand recognition and educational resources accumulated over its operating history. The Companys management team will continue to work together to reshape the Companys business operations and seek
new growth initiatives.
The Company will continue to seek guidance from and cooperate with government authorities in various provinces and municipalities
in China in connection with its efforts to comply with the relevant policies, guidelines and any related implementation rules, regulations and measures. The Company will further adjust its business operations as required, and update its shareholders
as appropriate.
Exhibit Index
Exhibit 99.1 Unaudited Financial Results for the Six months Ended November 30, 2021
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
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New Oriental Education & Technology Group Inc. |
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By: |
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/s/ Stephen Zhihui Yang |
Name: Stephen Zhihui Yang |
Title: Executive President and Chief Financial Officer |
Date: February 22, 2022
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