New Oriental Education & Technology Group Inc. announced that as of 2 November 2021, the Company repurchased the Bonds in an aggregate principal amount of USD 31,000,000 representing approximately 10.3% 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 269,000,000, representing approximately 89.7% of the initial principal amount of the Bonds.