On August 2nd, New Oriental issued a statement denying rumors of the dismissal of Dong Yuhui. The statement shows that during the fourth quarter financial report meeting of New Oriental Group for the 2024 fiscal year, an analyst asked about the related costs and expenses paid by the company to Dong Yuhui and used the term 'one-time compensation'. This expression has been misunderstood by some as New Oriental Group providing Dong Yuhui with a one-time severance package in order to dismiss him.
Regarding this, New Oriental stated that the separation of Huitong from Dongfang Selection was the result of friendly negotiations and agreement between both parties, and there is no such thing as dismissal. The company's arrangement to pay all profits from the establishment of "Yuhui Tongxing" and all funds related to the equity transfer of "Yuhui Tongxing" to Dong Yuhui is a support for the future development of Dong Yuhui and "Yuhui Tongxing", rather than severance pay.