On 23 May 2022, the New Oriental Education & Technology Group Inc. further repurchased the Bonds, and as of 23 May 2022, the total repurchased principal amount is in the aggregate of USD 228,785,000 (the Repurchased Bonds), representing approximately 76.3% 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 USD 71,215,000, representing approximately 23.7% of the initial principal amount of the Bonds.