Recently, the Ministry of Education issued a public announcement soliciting opinions on the Regulations on the Management of Extracurricular Training. This announcement has attracted public attention, and New Oriental's "homing plan" has also been mentioned in association. On the afternoon of February 26th, New Oriental issued a statement in response, stating that the "Homecoming Plan" was first proposed in August 2022, mainly targeting the development needs of emerging businesses such as Oriental Selection and New Oriental Culture and Tourism, with the aim of resettling old employees and not involving compulsory education and scientific training.
New Oriental stated that it will continue to firmly support the major decision and deployment of the central government's "double reduction" policy. The original compulsory education subject training has been rectified as required, transformed into a non-profit entity, and separated from the listed entity. We will resolutely implement the policy requirement of the central government's "double reduction" document on "no longer approving new subject based extracurricular training institutions for students in compulsory education in various regions", which has been fully implemented in New Oriental Group
New Oriental also pointed out that it firmly opposes all kinds of malicious behaviors that exploit and distort interpretations, and reserves the right to pursue legal responsibility for false statements.