Yu Minhong talks about the transformation of New Oriental: My personal character is usually a passive change.

Yu Minhong said frankly, "In 2021, I will be 60 years old, reaching retirement age. I should have been living a leisurely life, but suddenly there was a change. There are two types of changes in the world, one is actively seeking change, and the other is passively being forced to change. My personality is usually passive when it comes to change, but once I realize that change is inevitable, I have the ability to transform it into actively seeking change at the fastest speed. So after the adjustment of the education policy in 2021, everyone saw a series of changes in New Oriental. New Oriental Online, which used to only be involved in the education business, also became an independent publicly traded company listed in Hong Kong. However, after 2021, the company's business was basically reduced to zero. After that, we considered either completely shutting down the company or doing something completely unrelated to education. In the end, everyone knows that we started Eastern Selection."