New Oriental Education & Technology Group Inc. announced the further repurchased the Bonds, and as of 24 November 2021, the total repurchased principal amount is in the aggregate of $91,500,000 (the Repurchased Bonds), representing approximately 30.5% of the initial principal amount of the Bonds. The Company will cancel the Repurchased Bonds in accordance with the terms of the Bonds, the trust deed and the agency agreement. After cancellation of the Repurchased Bonds, the outstanding principal amount of the Bonds will be $208,500,000, representing approximately 69.5% of the initial principal amount of the Bonds.