New Oriental Education & Technology Group Inc. on 10 November 2021, further repurchased the Bonds in an aggregate principal amount of USD 64,500,000 (the "Repurchased Bonds"), representing approximately 21.5% 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 USD 235,500,000, representing approximately 78.5% of the initial principal amount of the Bonds.