New oriental extends share repurchase program

Beijing , may 24, 2024 /prnewswire/ -- new oriental education & technology group inc. ("new oriental" or the "company") (nyse: edu and sehk: 9901), a provider of private educational services in china, today announced that its board of directors has authorized the company to extend its share repurchase program launched in 2022 and amended in 2023 (the "share repurchase program"), over the next twelve months through may 31, 2025. as of the date of this press release, the company had repurchased approximately us$246.3 million worth of its adss under the share repurchase program, and a balance of approximately us$153.7 million authorized under the share repurchase program had not been utilized.
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