NEW ORIENTAL-S (09901) announces cash dividend and Caina Technology repurchase plan.

New Oriental-S (09901) announces that in order to implement the shareholder return plan for the 2026 fiscal year, which was approved by the board of directors in July 2025, the company has approved a regular cash dividend and share repurchase plan. The regular cash dividend of $0.12 per common share or $1.2 per American Depositary Share (ADS) will be paid in two installments in US dollars: the first installment of $0.06 per common share or $0.6 per ADS will be paid to registered common shareholders and ADS holders as of the close of business on November 18, 2025 (Beijing/Hong Kong time and New York time), and the second installment will be paid to common shareholders and ADS holders on a date to be determined by the board of directors. The expected payment date for the first installment is December 2, 2025 for common shareholders and December 5, 2025 for ADS holders, and the payment date for the second installment is expected to be approximately six months after the first installment. Details regarding the record date and payment date for the second installment will be announced in due course. The total amount of cash dividends expected to be paid in two installments is approximately $190 million. To be eligible for the first installment of the dividend, common shareholders must submit all valid transfer documents along with relevant share certificates to the Hong Kong branch of Hong Kong Registrars Limited at 17/F, Hopewell Centre, 183 Queen's Road East, Wan Chai, Hong Kong before 4:30 pm on November 18, 2025 (Beijing/Hong Kong time). Dividend payments made to ADS holders through depositary banks must comply with the terms of the deposit agreement. Under the share repurchase plan, the company may repurchase up to $300 million of its ADS or common shares over the next 12 months. The proposed repurchases may be made on the open market at prevailing market prices, through private transactions, block trades, and/or other legally permissible means, subject to market conditions and applicable laws and regulations. The board of directors will periodically review the share repurchase plan and may authorize adjustments to its terms and scale. The company expects to fund the repurchases from its existing cash balance.