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New Oriental Issues Clarification on Market Activity
By: PR Newswire
Dec. 5, 2012 09:48 PM
BEIJING, Dec. 6, 2012 /PRNewswire/ -- New Oriental Education and Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU) is the largest provider of private educational services in China. In view of the continued market activity in the Company's ADS, New Oriental would like to clarify that even though the Company's independent auditor is Deloitte Touche Tohmatsu CPA Ltd., the Company is not the Deloitte Touche Tohmatsu client referred to by the U.S. Securities and Exchange Commission in its proceedings initiated against the five accounting firms in China.
About New Oriental
New Oriental is the largest provider of private educational services in China based on the number of program offerings, total student enrollments and geographic presence. New Oriental offers a wide range of educational programs, services and products consisting primarily of English and other foreign language training, test preparation courses for major admissions and assessment tests in the United States, the PRC and Commonwealth countries, primary and secondary school education, development and distribution of educational content, software and other technology, and online education. New Oriental's ADSs, each of which represents one common share, currently trade on the New York Stock Exchange under the symbol ''EDU.''
For more information about New Oriental, please visit http://english.neworiental.org.
For investor and media inquiries, please contact:
Ms. Sisi Zhao
Mr. Nick Beswick
SOURCE New Oriental Education and Technology Group Inc.
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