[SCHEDULE 13G/A] New Oriental Education & Technology Group Inc. SEC Filing

Rhea-AI Filing Summary

First Beijing Investment Limited filed a Schedule 13G/A (Amendment No. 3) reporting beneficial ownership of 182,678,710 New Oriental Education & Technology Group common shares, representing 11.56% of the class. The stake consists of 89,213,700 common shares and 9,346,501 ADSs (each ADS equals ten common shares). The filer reports sole voting power over 88,649,120 shares and sole dispositive power over 182,678,710 shares. Ownership percentage is based on 1,580,288,613 common shares outstanding as of May 31, 2025. The certification states the securities were not acquired to change or influence control. The date of the event is September 30, 2025.

Insights

Equity ownership & governance analyst

Passive 11.56% stake disclosed; voting power lower than total.

First Beijing Investment Limited reports beneficial ownership of 182,678,710 New Oriental shares, equal to 11.56%. The position comprises 89,213,700 common shares and 9,346,501 ADSs, each ADS representing ten common shares.

The filer has sole voting power over 88,649,120 shares and sole dispositive power over the full 182,678,710, indicating that voting rights cover only part of the economic exposure. The percentage is calculated against 1,580,288,613 shares outstanding as of May 31, 2025.

The Schedule 13G/A includes a certification of passive intent (no purpose of changing or influencing control). As a 13G filer, this update is informational; actual impact depends on future holder actions and any subsequent ownership changes.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

New Oriental Education & Technology Group Inc.

(Name of Issuer)

common shares, par value US$0.001 per share

(Title of Class of Securities)

647581107

(CUSIP Number)

09/30/2025

(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)

SCHEDULE 13G

CUSIP No. 647581107

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 88,649,120.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 182,678,710.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

182,678,710.00

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)

11.6 %

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, 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.: 647581107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: These 182,678,710 common shares represent 89,213,700 common shares of the Issuer and 9,346,501 ADSs (each representing ten underlying common shares) of the Issuer.
(b)	Percent of class: 11.56%. 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 88,649,120 ordinary shares represent 44,209,000 common shares of the Issuer and 4,444,012 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: 182,678,710. 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.
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:	11/14/2025

FAQ

What stake in New Oriental (EDU) did First Beijing report?

First Beijing reported beneficial ownership of 182,678,710 shares, representing 11.56% of the class.

How is the 182,678,710-share position in EDU composed?

It includes 89,213,700 common shares and 9,346,501 ADSs, with each ADS representing ten common shares.

What voting and dispositive powers does First Beijing have over EDU?

It has sole voting power over 88,649,120 shares and sole dispositive power over 182,678,710 shares.

What is the calculation basis for the 11.56% ownership in EDU?

The percentage is based on 1,580,288,613 shares outstanding as of May 31, 2025.

What is the event date for this 13G/A filing on EDU?

The date of the event is September 30, 2025.

Does First Beijing seek to influence control at New Oriental (EDU)?

The certification states the securities were not acquired or held to change or influence control.

What is the CUSIP for New Oriental common shares?

The CUSIP is 647581107.