Yu Minhong stepped down as the legal representative of a company under New Oriental.

Tianyancha business information shows that recently, Urban Hongye Co., Ltd. has undergone a business change, with Yu Minhong stepping down as the legal representative and Hu Bo taking over. Urban Hongye Co., Ltd. was established in July 2007 with a registered capital of 35.56 million US dollars. Its business scope includes non-residential real estate leasing, residential leasing, project management services, information technology consulting services, etc. Shareholder information shows that the company is fully owned by Metropolitan Hongye China Co., Ltd., a subsidiary of New Oriental.