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    Equin YungCITIC Securities

    Equin Yung's questions to New Oriental Education & Technology Group Inc (EDU) leadership

    Equin Yung's questions to New Oriental Education & Technology Group Inc (EDU) leadership • Q3 2025

    Question

    An analyst from CITIC Securities inquired about future shareholder return plans, such as dividends or a new repurchase program, given that the current $700 million buyback is nearly complete.

    Answer

    CFO Zhihui Yang confirmed the completion of the buyback and mentioned a past special dividend. He stated that given the company's strong cash position and profitability, he would discuss a new capital allocation plan with the board, suggesting that dividends or further buybacks are reasonable options.

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