# EDGAR Filing Document

**Accession Number:** 0001372920
**File Stem:** 0001193125-25-176187
**Filing Date:** 2025-8
**Character Count:** 28667
**Document Hash:** 5bc48ae9b6dd5bb6779590bb17a96f32
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-176187.hdr.sgml**: 20250808

**ACCESSION NUMBER**: 0001193125-25-176187

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 16

**FILED AS OF DATE**: 20250808

**DATE AS OF CHANGE**: 20250808

**EFFECTIVENESS DATE**: 20250808

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** New Oriental Education & Technology Group Inc.
- **CENTRAL INDEX KEY:** 0001372920
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-EDUCATIONAL SERVICES [8200]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-289401
- **FILM NUMBER:** 251196430

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** NO. 6 HAI DIAN ZHONG STREET, 9TH FLOOR
- **CITY:** BEIJING
- **PROVINCE COUNTRY:** F4
- **BUSINESS PHONE:** (86-10) 6260-5566

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** NO. 6 HAI DIAN ZHONG STREET, 9TH FLOOR
- **CITY:** BEIJING
- **PROVINCE COUNTRY:** F4

**As filed with the Securities and Exchange Commission on August 8, 2025** 

**Registration No. 333-** 

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**FORM S-8** 

**REGISTRATION STATEMENT** 

***UNDER***

***THE SECURITIES ACT OF 1933***

## New Oriental Education & Technology Group Inc.
**(Exact name of registrant as specified in its charter)** 

---

| | |
|:---|:---|
| **Cayman Islands** | **Not Applicable** |
| **(State or other jurisdiction of**<br> **incorporation or organization)** | **(I.R.S. Employer**<br> **Identification Number)** |

---

**No. 6 Hai Dian Zhong Street** 

**Haidian District, Beijing 100080** 

**The People's Republic of China** 

**(Address of Principal Executive Offices and Zip Code)** 

**2016 Share Incentive Plan** 

**(Full title of the plan)** 

**Cogency Global Inc.** 

**122 East 42nd Street, 18th Floor** 

**New York, NY 10168** 

**+1 800-221-0102** 

**(Name, address, and telephone number, including area code, of agent for service)** 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

---

| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | ☒ | Accelerated filer | ☐ |
| Non-accelerated filer | ☐ | Smaller reporting company | ☐ |
|  |  | Emerging growth company | ☐ |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

**Copies to:** 

---

| | |
|:---|:---|
| **Stephen Zhihui Yang**<br> **Executive President and Chief Financial Officer**<br> **New Oriental Education & Technology Group Inc.**<br> **No. 6 Hai Dian Zhong Street**<br> **Haidian District, Beijing 100080**<br> **The People's Republic of China**<br> **(86 10) 6090-8000** | **Haiping Li, Esq.**<br> **Skadden, Arps, Slate, Meagher & Flom LLP**<br> **c/o 42/F, Edinburgh Tower,**<br> **The Landmark**<br> **15 Queen's Road Central**<br> **Hong Kong**<br> **+852 3740-4700** |

---

------

**EXPLANATORY NOTE** 

This registration statement on Form S-8 is being filed by New Oriental Education & Technology Group Inc. (the "Registrant") for the purpose of registering 100,000,000 additional common shares, par value US$0.001 per share, issuable under the 2016 Share Incentive Plan of the Company, as amended (the "Plan"). The Registrant previously filed with the Securities and Exchange Commission (the "Commission") a registration statement on Form S-8 (File No. 333-222724) on January 26, 2018, with respect to the Plan (the "Prior Registration Statement"). These 100,000,000 additional common shares are shares reserved for future award grands under the Plan pursuant to an amendment to the Plan that was approved by the board of directors of the Registrant and took effect on January 27, 2025. This registration statement relates to the securities of the same class as that to which the Prior Registration Statement relates and is submitted in accordance with General Instruction E to Form S-8 regarding registration of additional securities. In accordance with such instruction, except as otherwise set forth below, the contents of the Prior Registration Statement relating to the Plan are incorporated herein by reference.

**PART II** 

**INFORMATION REQUIRED IN THE REGISTRATION STATEMENT** 

**Item 3. <u>Incorporation of Documents by Reference</u>** 

The following documents previously filed by the Registrant with the Commission are incorporated by reference herein:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Registrant's registration statement on [Form S-8](http://www.sec.gov/Archives/edgar/data/1372920/000119312518021578/d473549ds8.htm) (File No. 333-222724) filed with the Commission on January 26, 2018;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Registrant's annual report on [Form 20-F](http://www.sec.gov/Archives/edgar/data/1372920/000119312524225183/d835957d20f.htm) (File No. 001-32993) for the year ended May 31, 2024, filed with the Commission on September 25, 2024; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The description of the Registrant's common shares incorporated by reference in the Registrant's
registration statement on [Form 8-A](http://www.sec.gov/Archives/edgar/data/1372920/000119312506178032/d8a12b.htm) (File No. 001-32993) filed with the Commission on August 23, 2006, including
any amendment and report subsequently filed for the purpose of updating that description.

All documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), after the date of this registration statement and prior to the filing of a post-effective amendment to this registration statement which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in this registration statement and to be part hereof from the date of filing of such documents. Any statement in a document incorporated or deemed to be incorporated by reference in this registration statement will be deemed to be modified or superseded to the extent that a statement contained in this registration statement or in any other later filed document that also is or is deemed to be incorporated by reference modifies or supersedes such statement. Any such statement so modified or superseded will not be deemed, except as so modified or superseded, to be a part of this registration statement.

**Item 6. <u>Indemnification of Directors and Officers</u>** 

Cayman Islands law does not limit the extent to which a company's articles of association may provide for indemnification of directors and officers, except to the extent any such provision may be held by the Cayman Islands courts to be contrary to public policy, such as to provide indemnification against civil fraud or the consequences of committing a crime. The Registrant's third amended and restated memorandum and articles of association provide that the Registrant shall indemnify its directors and officers against all actions, proceedings, costs, charges, expenses, losses, damages or liabilities incurred or sustained by such directors or officers, other than by reason of such person's willful neglect or default, in connection with the execution or discharge of such person's duties, powers, authorities or discretions, including without prejudice to the generality of the foregoing, any costs, expenses, losses or liabilities incurred by such persons in defending (whether successfully or otherwise) any civil proceedings concerning the Registrant or its affairs in any court whether in the Cayman Islands or elsewhere.

------

The Registrant has entered into indemnification agreements with its directors and officers which provide such persons with indemnification against certain liabilities and expenses incurred by such persons in connection with claims made by reason of their being such a director or officer.

Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling the Registrant pursuant to the foregoing provisions, the Registrant has been informed that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.

**Item 8. <u>Exhibits</u>** 

See the Index to Exhibits attached hereto.

------

**EXHIBIT INDEX** 

---

| | |
|:---|:---|
| **Exhibit<br>Number** | **Description** |
| &nbsp;&nbsp;&nbsp;&nbsp;4.1 | [Third Amended and Restated Memorandum and Articles of Association (incorporated by reference to Exhibit 3.1 of the Registrant's Form 6-K (File No. 001-32993) filed with the Commission on November 28, 2023)](http://www.sec.gov/Archives/edgar/data/1372920/000119312523283676/d595070dex31.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;4.2 | [Registrant's Specimen Certificate for Common Shares (incorporated herein by reference to Exhibit 2.2 to the annual report on Form 20-F (File No. 001-32993) filed by the Registrant with the Commission on September 24, 2021)](http://www.sec.gov/Archives/edgar/data/1372920/000119312521282201/d159008dex22.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;4.3 | [Deposit Agreement, dated as of September 12, 2006, between the Registrant, the depositary and holders of the American Depositary Receipts (incorporated by reference to Exhibit 4.2 of the Registrant's F-3 registration statement (File No. 333-249642) filed with the Commission on October 23, 2020)](http://www.sec.gov/Archives/edgar/data/1372920/000119312520275543/d29529dex42.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;4.4 | [Supplemental Agreement to Deposit Agreement, dated as of June 5, 2007, between the Registrant, the depositary and holders and beneficial owners of American Depositary Receipts issued thereunder (incorporated by reference to Exhibit (a)(2) to the registration statement on Form F-6/A (File No. 333-136862) filed with the Commission on June 5, 2007)](http://www.sec.gov/Archives/edgar/data/1372920/000095012707000352/f6-a.txt) |
| &nbsp;&nbsp;&nbsp;&nbsp;4.5 | [Form of Supplement and Amendment No. 2 to Deposit Agreement between the Registrant, the depositary and holders and beneficial owners of American Depositary Receipts issued thereunder (incorporated by reference to Exhibit (a)(3) to the registration statement on Form F-6 (File No. 333-176069), filed with the Commission on August 5, 2011)](http://www.sec.gov/Archives/edgar/data/1372920/000119380511001480/e608736_ex99-a3.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;4.6 | [Form of Supplement and Amendment No. 3 to Deposit Agreement between the Registrant, the depositary and holders and beneficial owners of American Depositary Receipts issued thereunder (incorporated by reference to Exhibit (a)(4) of post-effective amendment No. 1 to the registration statement on Form F-6 (File No. 333-176069), filed with the Commission on April 25, 2012)](http://www.sec.gov/Archives/edgar/data/1372920/000119380512000757/e609631_ex99-a4.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;4.7 | [Form of Amendment No. 4 to Deposit Agreement between the Registrant, the depositary and holders and beneficial owners of American Depositary Receipts issued thereunder (incorporated by reference to Exhibit (a)(v) of post-effective amendment No. 1 to the registration statement on Form F-6 (File No. 333-253812), filed with the Commission on April 8, 2022)](http://www.sec.gov/Archives/edgar/data/1372920/000095012722000021/ex_99_deposit_agreement.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;5.1\* | [Opinion of Conyers Dill & Pearman, Cayman Islands counsel to the Registrant, regarding the legality of the common shares being registered](d183621dex51.htm) |
| 10.1 | [2016 Share Incentive Plan (incorporated by reference to Exhibit 4.15 to annual report on Form 20-F (File No. 001-32993) filed with the Securities and Exchange Commission on September 27, 2016)](http://www.sec.gov/Archives/edgar/data/1372920/000119312516721548/d198239dex415.htm) |
| 10.2\* | [Amendment to 2016 Share Incentive Plan, effective as January 27, 2025](d183621dex102.htm) |
| 23.1\* | [Consent of Deloitte Touche Tohmatsu Certified Public Accountants LLP, independent registered public accounting firm](d183621dex231.htm) |
| 23.2\* | [Consent of Conyers Dill & Pearman (included in Exhibit 5.1)](d183621dex51.htm) |
| 24.1\* | [Power of Attorney (included on signature page hereto)](#sig) |
| 107\* | [Filing Fee Table](d183621dexfilingfees.htm) |

---

\* Filed herewith.

------

**SIGNATURES** 

Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Beijing, China, on August 8, 2025.

---

| | | |
|:---|:---|:---|
|  | **New Oriental Education & Technology Group Inc.** | **New Oriental Education & Technology Group Inc.** |
| By: | /s/ Stephen Zhihui Yang | /s/ Stephen Zhihui Yang |
|  | Name: | Stephen Zhihui Yang |
|  | Title: | Executive President and Chief Financial Officer |

---

------

**POWER OF ATTORNEY** 

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints, severally and not jointly, each of Mr. Chenggang Zhou and Mr. Stephen Zhihui Yang, with full power to act alone, as his or her true and lawful attorney-in-fact, with the power of substitution, for and in such person's name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this registration statement, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto each said attorney-in-fact full power and authority to do and perform each and every act and thing requisite and necessary to be done as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that each said attorney-in-fact may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, as amended, this registration statement has been signed by the following persons in the capacities on August 8, 2025.

---

| | |
|:---|:---|
| **Signature** | **Title** |
| /s/ Chenggang Zhou | Director and Chief Executive Officer |
| Chenggang Zhou | (Principal Executive Officer) |
| /s/ Stephen Zhihui Yang | Executive President and Chief Financial Officer |
| Stephen Zhihui Yang | (Principal Financial and Accounting Officer) |
| /s/ Michael Minhong Yu | Chairman |
| Michael Minhong Yu |  |
| /s/ Louis T. Hsieh | Director |
| Louis T. Hsieh |  |
| /s/ Denny Lee | Director |
| Denny Lee |  |
| /s/ Yue Zhuge | Director |
| Yue Zhuge |  |
| /s/ Robin Yanhong Li | Director |
| Robin Yanhong Li |  |

---

------

**SIGNATURE OF AUTHORIZED REPRESENTATIVE IN THE UNITED STATES** 

Pursuant to the Securities Act of 1933, as amended, the undersigned, the duly authorized representative in the United States of New Oriental Education & Technology Group Inc., has signed this registration statement or amendment thereto in New York, New York on August 8, 2025.

---

| | |
|:---|:---|
|  | **Authorized U.S. Representative** |
|  | **Cogency Global Inc.** |
| By: | /s/ Colleen A. De Vries |
| Name: | Colleen A. De Vries |
| Title: | Senior Vice President for and on behalf of<br> Cogency Global Inc. |

---

## Exhibit 5.1

**Exhibit 5.1** 

---

| | |
|:---|:---|
|  | **CONYERS DILL & PEARMAN** |
| ![LOGO](g183621g0806134443062.jpg) | 29<sup>th</sup> Floor |
| ![LOGO](g183621g0806134443062.jpg) | One Exchange Square<br> 8 Connaught Place |
| ![LOGO](g183621g0806134443062.jpg) | Central |
| ![LOGO](g183621g0806134443062.jpg) | Hong Kong |
|  | T +852 2524 7106 \| F +852 2845 9268<br> **conyers.com** |

---

8 August 2025

Matter No.:1008514

Doc Ref: 110943065

(852) 2842 9595 / 2842 9422

<u>Wynne.Lau@conyers.com</u>

<u>Yvonne.Lee@conyers.com</u>

New Oriental Education & Technology Group Inc.

No.6 Haidian Zhong Street

Haidian District

Beijing 100080

China

Dear Sir/Madam,

Re: **New Oriental Education & Technology Group Inc. (the "Company")**

We have acted as special Cayman Islands legal counsel to the Company in connection with a registration statement on Form S-8 filed by the Company with the United States Securities and Exchange Commission (the "**Commission**") on or about the date hereof (the "**Registration Statement**", which term does not include any other document or agreement whether or not specifically referred to therein or attached as an exhibit or schedule thereto). The Registration Statement relates to the registration of an aggregate of 100,000,000 common shares, par value US$0.001 per share (the "**Plan Shares**") of the Company to be issued pursuant to the 2016 Share Incentive Plan adopted by the Company on 19 January 2016 (the "**2016 Plan**"), as amended by the amendment adopted on 26 January 2025 and took effect on 27 January 2025 (the "**2016 Plan Amendment**", together with the 2016 Plan, the "**Plan**" which term does not include any other document or agreement whether or not specifically referred to therein or attached as an exhibit or schedule thereto).

**1.** **DOCUMENTS REVIEWED** 

For the purposes of giving this opinion, we have examined the following documents:

1.1. a copy of the Registration Statement; and

1.2. a copy of the Plan.

We have also reviewed copies of the following:

1.3. the Third Amended and Restated Memorandum and Articles of Association of the Company;

1.4. written resolutions of all the directors of the Company dated 19 January 2016 approving, among other
things, the adoption of the 2016 Plan, written resolutions of all the directors of the Company dated 26 January 2025 approving, among other things, the 2016 Plan Amendment, and written resolutions of all the directors of the Company dated
16 May 2025 approving, among other things, the issue of the Plan Shares (collectively, the "**Resolutions** ");

Partners: Piers J. Alexander, Christopher W. H. Bickley, Peter H. Y. Ch'ng, Anna W. T. Chong, Angie Y. Y. Chu, Vivien C. S. Fung, Richard J. Hall, Norman Hau, Wynne Lau, Paul M. L. Lim, Anna W. X. Lin, Ryan A. McConvey, Teresa F. Tsai, Flora K. Y. Wong, Lilian S. C. Woo, Mark P. Yeadon

Consultant: David M. Lamb

**BERMUDA \| BRITISH VIRGIN ISLANDS \| CAYMAN ISLANDS** 

------

1.5. a Certificate of Good Standing issued by the Registrar of Companies in relation to the Company on 7 August
2025 (the "**Certificate Date** "); and

1.6. such other documents and made such enquiries as to questions of law as we have deemed necessary in order to
render the opinion set forth below.

**2.** **ASSUMPTIONS** 

We have assumed:

2.1. the genuineness and authenticity of all signatures and the conformity to the originals of all copies (whether
or not certified) examined by us and the authenticity and completeness of the originals from which such copies were taken;

2.2. that where a document has been examined by us in draft form, it will be or has been executed in the form of
that draft, and where a number of drafts of a document have been examined by us all changes thereto have been marked or otherwise drawn to our attention;

2.3. the accuracy and completeness of all factual representations made in the the Registration Statement, the Plan
and the other documents reviewed by us;

2.4. the Resolutions were passed at one or more duly convened, constituted and quorate meetings or by unanimous
written resolutions, remain in full force and effect and have not been rescinded or amended;

2.5. that there is no provision of the law of any jurisdiction, other than the Cayman Islands, which would have any
implication in relation to the opinions expressed herein;

2.6. that upon issue of any Plan Shares by the Company the Company will receive consideration for the full issue
price thereof which shall be equal to at least the par value thereof;

2.7. the validity and binding effect under the laws of the United States of America of the Registration Statement
and that the Registration Statement will be duly filed with the Commission and have become effective;

2.8. that on the date of issuance of any Plan Shares, the Company will have sufficient authorised but unissued
common shares par value US$0.001 per share in its share capital; and

2.9. that on the date of issuing any award or Plan Shares under the Plan the Company is and after issuing any award
or Plan Shares under the Plan the Company will be able to pay its debts.

**3.** **QUALIFICATIONS** 

3.1. We express no opinion as to the enforceability of any provision of the Plan which purports to fetter the
statutory powers of the Company.

3.2. We express no opinion with respect to the issuance of Plan Shares pursuant to any provision of the Plan that
purports to obligate the Company to issue Plan Shares following the commencement of a winding up or liquidation.

**conyers.com \| 2**

------

3.3. We have made no investigation of and express no opinion in relation to the laws of any jurisdiction other than
the Cayman Islands. This opinion is to be governed by and construed in accordance with the laws of the Cayman Islands and is limited to and is given on the basis of the current law and practice in the Cayman Islands. This opinion is issued solely
for your benefit and use in connection with the matter described herein and is not to be relied upon by any other person, firm or entity or in respect of any other matter.

**4.** **OPINION** 

On the basis of and subject to the foregoing, we are of the opinion that:

4.1. The Company is duly incorporated and existing under the laws of the Cayman Islands and, based on the
Certificate of Good Standing, is in good standing as at the Certificate Date. Pursuant to the Companies Act ()"**Act** "), a company is deemed to be in good standing if all fees and penalties under the Act have been paid and the Registrar
of Companies has no knowledge that the company is in default under the Act.

4.2. When issued and paid for in accordance with the Plan, the Plan Shares will be validly issued, fully paid and non-assessable (which term when used herein means that no further sums are required to be paid by the holders thereof in connection with the issue thereof).

We hereby consent to the filing of this opinion with the Commission as an exhibit to the Registration Statement. In giving this consent, we do not hereby admit that we are experts within the meaning of Section 11 of the Securities Act or that we come within the category of persons whose consent is required under Section 7 of the Securities Act or the Rules and Regulations of the Commission promulgated thereunder.

---

| |
|:---|
| Yours faithfully, |
| /s/ Conyers Dill & Pearman |
| **Conyers Dill & Pearman** |

---

**conyers.com \| 3**

## Exhibit 10.2

**Exhibit 10.2** 

**Amendment to the 2016 Share Incentive Plan** 

This Amendment to the 2016 Share Incentive Plan (the "**2016 Plan**") of New Oriental Education & Technology Group Inc. (the "**Company**") is effective as of January 27, 2025.

1. Pursuant to the written resolutions passed by the board of directors of the Company dated January 26, 2025, the
2016 Plan is hereby amended by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) replacing Section 3(a) entirely with the following:

"Subject to the provisions of Article 10 below, the maximum aggregate number of Shares which may be issued pursuant to all Awards (including Incentive Share Options) is 200,000,000 Shares. The Shares to be issued pursuant to Awards may be authorized, but unissued Ordinary Shares."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) replacing Section 12 entirely with the following:

"<u>Effective Date and Term of Plan</u>. The Plan shall become effective upon its adoption by the Board. It shall continue in effect for a term of fifteen (15) years unless sooner terminated. Subject to Applicable Laws, Awards may be granted under the Plan upon its becoming effective."

2. Except as amended hereby, each of the provisions of the 2016 Plan shall remain in full force and effect, and
this Amendment shall not constitute a modification, acceptance or waiver of any other provision of the 2016 Plan, except as specifically provided herein.

3. This Amendment shall be construed in accordance with and governed by the laws of the Cayman Islands.

4. This Amendment shall be and is hereby incorporated in and forms a part of the 2016 Plan.

## Exhibit 23.1

**Exhibit 23.1** 

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We consent to the incorporation by reference in this Registration Statement on Form S-8 of our reports dated September 25, 2024, relating to the financial statements of New Oriental Education & Technology Group Inc. (the "Company") and the effectiveness of the Company's internal control over financial reporting, appearing in the Annual Report on Form 20-F of the Company for the year ended May 31, 2024.

---

| |
|:---|
| /s/ Deloitte Touche Tohmatsu Certified Public Accountants LLP |
| Beijing, the People's Republic of China |
| August 8, 2025 |

---

## Ex-Filing

?xml version='1.0' encoding='ASCII'? EX-FILING FEES

---

| |
|:---|
| **Calculation of Filing Fee Tables**  |
| &nbsp;&nbsp;&nbsp;&nbsp;**S-8**  |
| &nbsp;&nbsp;&nbsp;&nbsp;**New Oriental Education & Technology Group Inc.**  |

---

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Security Type**  | **Security Class Title**  | **Fee Calculation Rule**  | **Amount Registered**  | **Proposed Maximum Offering Price Per Unit**  | **Maximum Aggregate Offering Price**  | **Fee Rate**  | **Amount of Registration Fee**  |
| 1 | Equity | Common shares, par value US$0.001 per share | Other | 100000000 | $4.3965 | $439650000.00 | 0.0001531 | $67310.42 |
| Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: |  | $439650000.00  |  | $67310.42  |
| Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  |  |  |  | $0.00  |
| Net Fee Due:  | Net Fee Due:  | Net Fee Due:  | Net Fee Due:  | Net Fee Due:  |  |  |  | $67310.42  |

---

 **Offering Note** <br>

<sup>1</sup> (1) These shares may be represented by the Registrant's American depositary shares ("ADSs"), each of which represents ten (10) common shares of the Registrant. The Registrant's ADSs issuable upon deposit of the common shares registered hereby have been registered under a separate registration statement on Form F-6 (Registration No. 333-136862). (2) These shares are reserved for future award grants under New Oriental Education & Technology Group Inc. 2016 Share Incentive Plan, as amended (the "Plan"). In accordance with Rule 416(a) under the Securities Act of 1933, as amended (the "Securities Act"), this registration statement also covers any additional common shares that may be offered and issued to prevent dilution from share splits, share dividends or similar transactions as provided in the Plan. Any common shares covered by an award granted under the Plan (or portion of an award) that terminates, expires or lapses for any reason will be deemed not to have been issued for purposes of determining the maximum aggregate number of common shares that may be issued under the Plan. (3) The proposed maximum offering price per share, which is estimated solely for the purposes of calculating the registration fee under Rule 457(c) and Rule 457(h) under the Securities Act, is based on the average of the high and low prices for the Registrant's ADSs as quoted on the New York Stock Exchange on August 1, 2025, adjusted for ADS to common share ratio.

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| | |
|:---|:---|
| | |
| **Rule 457(p)** | **Rule 457(p)** |
| Fee Offset Claims | N/A |
| Fee Offset Sources | N/A |

---