New Oriental Education & Technology Group Inc.

Beijing New Oriental School was established on November 16, 1993, by Yu Minhong (aka Michael Yu), a graduate of Peking University with an English major. Prior to venturing into entrepreneurship, Yu Minhong served as an English instructor at Peking University. Initially concentrating on offering preparatory services for the TOEFL and GRE exams, the institution later diversified its offerings to encompass a broad spectrum of test preparation and curriculum. On September 7, 2006, New Oriental was listed on New York Stock Exchange.