Michael Chai

New Oriental Education & Technology Group

As the largest provider of private educational services in China, New Oriental offers education for a lifetime, teaching skills that give students a crucial competitive advantage in the workplace and helps improve their quality of life. Our wide range of educational programs, services and products includes English and other foreign language training, overseas and domestic test preparation courses, all-subjects after school tutoring, primary and secondary school education, educational content and software as well as online education. Since our founding in 1993, New Oriental has had approximately 19.6 million student enrollments, including approximately 2.7 million enrollments in fiscal year 2014. As of August 31, 2014, we had a network of 56 schools, 711 learning centers, 31 New Oriental bookstores and over 5,000 third-party bookstores and over 16,700 teachers in 50 cities, as well as an online network with approximately 9.6 million registered users. -No.1 Provider of private education in China -Most recognized brand in Chinese private education -A presence in 50 cities throughout China -First Chinese education company listed on the NYSE (EDU) in September 2006 -It is estimated over 70% of Chinese students studying in North America were once students of New Oriental