New Oriental Education & Technology Group Inc. provided unaudited earnings guidance for the six months ended November 30, 2021. Based on management's preliminary assessment of group's financial performance for the six months ended November 30, 2021 (the "Reporting Period"), the company anticipates that group will record a net loss of between USD 800 million to USD 900 million over the Reporting Period, compared with a net profit of USD 228.6 million for the six months ended November 30, 2020. This anticipated loss is primarily due to the substantial adverse impact on revenues as a result of the Business Cessation and the Additional Costs incurred over the Reporting Period.