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09 Nov 2020

Wonderful Sky Financial Group Assists NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC. (Stock Code: 9901.HK) with the Successful Listing on HKEx

NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC. (Stock Code:9901) was successfully listed and commenced trading on the Main Board of The Stock Exchange of Hong Kong Limited (“SEHK”) today.

 

In 1993, the founder of NEW ORIENTAL and executive Chairman, Michael Minhong Yu, opened their first school in Beijing to offer TOEFL test preparation courses to college students. After nearly 30 years of operation, NEW ORIENTAL has become the most comprehensive private educational services provider in China in terms of service and product offerings, according to the report. NEW ORIENTAL is the largest private educational service provider in China in terms of total net revenue and network of schools and learning centers for the fiscal year ended May 31, 2020, according to the same source. As of May 31, 2020, NEW ORIENTAL had accumulated over 55.4 million student enrollments since inception. NEW ORIENTAL provides educational services primarily under their “New Oriental” brand, where NEW ORIENTAL is the only Chinese education company awarded the “Top 50 Most Valuable Commercial Services Brands” in the world in 2020 published by Brand Finance, according to the report.

 

NEW ORIENTAL continuously evolves and optimizes their business models to capture market opportunities, enhance their students’ learning experience, and optimizes their operational efficiency. Their in-house-developed online-mergeoffline (OMO) standardized digital classroom teaching system combines their offline education resources with advanced technologies and enables NEW ORIENTAL to pioneer different teaching models. NEW ORIENTAL’s in-house-developed OMO system incorporates a comprehensive set of technologies, methodologies, and initiatives centering around the digital classroom teaching system. With the OMO system, all of their offline teaching expertise, materials, and resources are digitalized, centralized and analyzed, and can be applied across their educational service offerings. Data on students’ learning behaviors, progress and performance from all terminals of the teaching process are collected and analyzed to generate customized teaching content and services for each student. The data analysis also helps teachers prepare their lessons, both those delivered online and offline, helping to standardize and structure lesson content. Based on their rich database, teaching materials can be generated automatically and tailored to the needs of the specific classes. The continued accumulation of data enables NEW ORIENTAL to develop new teaching services, which in turn feeds new data back into the system.

 

As the only major integrated financial communications company in the world that is listed on the HKEx, Wonderful Sky will continue to provide a "one-stop” and ten-in-one prime financial public relations services, including financial public relations, investor relations, international roadshows, financial printing , corporate branding, ESG report, asset management, corporate doctor, Compulsory and Commercial Insurance and headhunting program. “Your Success is Our Inspiration” is the motto of Company's Group, by which we strive to become the select partner of listed companies for the long term by offering customized and professional services to Company's clients.