New Oriental Announces Filing of Annual Report on Form 20-F for Fiscal Year 2023

BEIJING,Sept. 25,2023 --New Oriental Education & Technology Group Inc. ("New Oriental" or the "Company") (NYSE:EDU and SEHK: 9901),a provider of private educational services in China,today announced that it filed its annual report on Form 20-F for the fiscal year ended May 31,2023 with the Securities and Exchange Commission ("SEC") on September 25,2023. The annual report can be accessed on New Oriental's investor relations website at http://investor.neworiental.orgas well as the SEC's website at http://www.sec.gov. New Oriental will provide a hard copy of the annual report containing its audited consolidated financial statements,free of charge,to its shareholders and ADS holders upon request.

The Company has also today published its annual report for Hong Kong purposes pursuant to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited ("HKEX"),which can be accessed on the Company's investor relations website at http://investor.neworiental.orgas well as the HKEX's website at http://www.hkexnews.hk.

About New Oriental

New Oriental is a provider of private educational services in China offering a wide range of educational programs,services and products to a varied student population throughout China. New Oriental's program,service and product offerings mainly consist of educational services and test preparation courses,private label products and livestreaming e-commerce and other services,and overseas study consulting services.New Oriental is listed on NYSE (NYSE: EDU) and SEHK (9901.SEHK),respectively. New Oriental's ADSs,each of which represents ten common shares,are listed and traded on the NYSE. The Hong Kong-listed shares are fully fungible with the ADSs listed on NYSE.

For more information about New Oriental,please visit http://www.neworiental.org/english/.

Contacts

For investor and media inquiries,please contact:

Ms. Rita Fong

FTI Consulting

Tel: +852 3768 4548

Email: rita.fong@fticonsulting.com

Ms. Sisi Zhao

New Oriental Education and Technology Group Inc.

Tel: +86-10-6260-5568

Email: zhaosisi@xdf.cn