First Beijing holds 171.7M shares of New Oriental (EDU) in Schedule 13G/A

Rhea-AI Filing Summary

New Oriental Education & Technology Group Inc. receives an amended Schedule 13G from First Beijing Investment Limited reporting beneficial ownership. The filer states 171,713,780 common shares, representing 10.87% of the class, based on 1,580,288,613 shares outstanding as of May 31, 2025.

The filing breaks ownership into voting and dispositive power: 82,081,590 shares with sole voting power and 171,713,780 shares with sole dispositive power. The Schedule 13G/A is signed by Li Jingwei as Director on May 13, 2026.

Insights

Institutional Ownership Analyst

Large passive stake filing clarifies ownership and voting split.

First Beijing Investment Limited reports beneficial ownership of 171,713,780 common shares equal to 10.87% of outstanding shares as of May 31, 2025. The filing specifies both ADS equivalence and the split between voting and dispositive power.

Ownership disclosure is administrative but relevant for shareholder base transparency; subsequent filings could show changes if the holder trades or converts ADSs. Timing and cash‑flow treatment are not stated in the excerpt.

Key Figures

Beneficial ownership: 171,713,780 shares Percent of class: 10.87% Shares outstanding (base): 1,580,288,613 common shares +2 more

5 metrics

Beneficial ownership 171,713,780 shares Total reported by First Beijing Investment in Schedule 13G/A

Percent of class 10.87% Calculated using 1,580,288,613 shares outstanding as of May 31, 2025

Shares outstanding (base) 1,580,288,613 common shares Outstanding as of <date>May 31, 2025</date> per issuer's Form 20‑F

Sole voting power 82,081,590 shares Shares for which the filer has sole power to vote

ADSs reported 8,995,258 ADSs Each ADS represents ten common shares in filer’s breakdown

Key Terms

ADS, Beneficial ownership, Sole dispositive power, Schedule 13G/A

4 terms

ADS market

"8,995,258 ADSs (each representing ten underlying common shares)"

Ads are paid promotional messages a company places across media — online, on TV, in print, or on social platforms — to attract customers, explain products, or shape public perception. For investors, ads matter because they drive sales growth, affect how much a company must spend to win customers, and influence brand strength and long-term value. Ads can also create regulatory or reputational risk if claims are misleading, which can affect profits and stock price.

Beneficial ownership regulatory

"Amount beneficially owned: These 171,713,780 common shares represent"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Sole dispositive power regulatory

"Sole power to dispose or to direct the disposition of: 171,713,780"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Schedule 13G/A regulatory

"Amendment No. 5 Schedule 13G/A filed by First Beijing Investment Limited"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 5)

New Oriental Education & Technology Group Inc.

(Name of Issuer)

common shares, par value US$0.001 per share

(Title of Class of Securities)

647581206

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 647581206

1

Names of Reporting Persons

First Beijing Investment Ltd

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

HONG KONG

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 82,081,590.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 171,713,780.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

171,713,780.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.9 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Exempt Reporting Advisor

SCHEDULE 13G

Item 1.
(a)	Name of issuer: New Oriental Education & Technology Group Inc.
(b)	Address of issuer's principal executive offices: NO. 6 HAI DIAN ZHONG STREET, 9TH FLOOR, BEIJING, CHINA, 100080.
Item 2.
(a)	Name of person filing: First Beijing Investment Limited
(b)	Address or principal business office or, if none, residence: 16th Floor, On Building, 162 Queens Road, Central, Hong Kong
(c)	Citizenship: Hong Kong
(d)	Title of class of securities: common shares, par value US$0.001 per share
(e)	CUSIP No.: 647581206
Item 4.	Ownership
(a)	Amount beneficially owned: These 171,713,780 common shares represent 81,761,200 common shares of the Issuer and 8,995,258 ADSs (each representing ten underlying common shares) of the Issuer. There is no CUSIP number assigned to the common shares. CUSIP number 647581206 has been assigned to the American Depositary Shares ("ADS") of the Issuer, each ADS representing 10 common shares, which are quoted on the New York Stock Exchange under the symbol "EDU".
(b)	Percent of class: 10.87%. The ownership is calculated based on 1,580,288,613 common shares of the Issuer outstanding as of May 31, 2025, according to the Form 20-F filed by the Issuer with the Securities and Exchange Commission (the "SEC") on September 25, 2025.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: These 82,081,590 ordinary shares represent 39,864,800 common shares of the Issuer and 4,221,679 ADSs (each representing ten underlying common shares) of the Issuer.
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 171,713,780. Same as Item 4.(a)
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

First Beijing Investment Ltd

Signature:	LI JINGWEI
Name/Title:	DIRECTOR
Date:	05/13/2026

FAQ

What stake does First Beijing Investment report in EDU?

First Beijing Investment reports beneficial ownership of 171,713,780 common shares, equal to 10.87% of EDU's common stock based on May 31, 2025 outstanding shares stated in the filing.

How is the 171,713,780 share count composed in the Schedule 13G/A?

The filing states the total represents 81,761,200 common shares plus 8,995,258 ADSs (each ADS = ten common shares), together reported as 171,713,780 common share equivalents in the Schedule 13G/A.

What voting and dispositive powers does First Beijing hold for EDU shares?

The filer reports 82,081,590 shares with sole voting power and 171,713,780 shares with sole dispositive power. Shared voting and dispositive powers are reported as 0 in the amendment.

What outstanding share base does the Schedule 13G/A use for the percentage calculation?

The ownership percentage uses 1,580,288,613 common shares outstanding as of May 31, 2025, cited from the issuer's Form 20‑F referenced in the filing.

Who signed the Schedule 13G/A for First Beijing Investment?

Li Jingwei, identified as Director, signed the Amendment No. 5 Schedule 13G/A on May 13, 2026, as shown in the filing excerpt.