New Oriental: There is no such thing as dismissal of Dong Yuhui. The relevant payment is not severance pay
米哈伊尔叔叔
发表于 2024-8-2 15:28:53
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On August 2nd, New Oriental issued a clarification statement stating that during the fourth quarter financial report of New Oriental Group's 2024 fiscal year, an analyst asked about the related costs and expenses paid by the company to Dong Yuhui, and used the term "real-time compensation". This expression has been misunderstood by some as New Oriental giving Dong Yuhui a one-time severance package in order to dismiss him.
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.
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