New Oriental Education Near Term Is Muted; Long-Term Positive Post-Restructuring

New Oriental Education, or EDU, announced on Nov. 11, 2021 that in compliance with the Chinese government to alleviate stress for students in mandatory education and after-school tutoring (also known as AST services) opinion and applicable rules, regulations and measures, it plans to cease offering tutoring services related to academic subjects to students from kindergarten through grade nine (also known as K-9) at all learning centers across China by end-2021.