Tigerstep Amends New Oriental Ed Stake, Files SC 13G/A

TL;DR

**Tigerstep Developments just updated its stake in New Oriental Education.**

AI Summary

Tigerstep Developments Limited filed an Amendment No. 16 to its SC 13G filing on February 7, 2024, indicating its ownership of Common Shares in New Oriental Education & Technology Group Inc. as of December 31, 2023. This amendment, filed under Rule 13d-1(d), updates previous disclosures regarding Tigerstep's beneficial ownership. This matters to investors because it provides transparency into significant shareholder positions, which can influence corporate governance and stock stability.

Why It Matters

This filing updates the public record on a significant shareholder's position, offering transparency into who holds substantial influence over New Oriental Education & Technology Group Inc.

Risk Assessment

Risk Level: low — This is a routine amendment to a beneficial ownership filing, indicating no immediate new risks or significant changes.

Analyst Insight

Investors should note this routine update to a significant shareholder's position, but it doesn't signal an immediate need for action. It's a transparency update, not a change in strategy.

Key Players & Entities

• Tigerstep Developments Limited (company) — reporting person and beneficial owner
• New Oriental Education & Technology Group Inc. (company) — the issuer of the securities
• MICHAEL MINHONG YU (person) — group member
• December 31, 2023 (date) — date of event requiring the filing
• February 7, 2024 (date) — filing date

Forward-Looking Statements

• Tigerstep Developments Limited will continue to be a significant shareholder in New Oriental Education & Technology Group Inc. (Tigerstep Developments Limited) — high confidence, target: next 12 months
• New Oriental Education & Technology Group Inc. will maintain its current corporate structure without major changes driven by this shareholder. (New Oriental Education & Technology Group Inc.) — medium confidence, target: next 6 months

FAQ

Key Financial Figures

• $0.001 — of Issuer) Common Shares, par value US$0.001 per share (Title of Class of Securiti

Filing Documents

• d743252dsc13ga.htm (SC 13G/A) — 51KB
• d743252dex99a.htm (EX-99.(A)) — 4KB
• 0001193125-24-025880.txt ( ) — 57KB

From the Filing

SC 13G/A 1 d743252dsc13ga.htm SC 13G/A SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G (Rule 13d-102) Information to Be Included in Statements Filed Pursuant to 240.13d-1 (b), (c) and (d) and Amendments Thereto Filed Pursuant to 240.13d-2 Under the Securities Exchange Act of 1934 (Amendment No. 16)* New Oriental Education & Technology Group Inc. (Name of Issuer) Common Shares, par value US$0.001 per share (Title of Class of Securities) G6470A108 (CUSIP Number) December 31, 2023 (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) * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). 1 Name of Reporting Person Tigerstep Developments Limited (Tigerstep) 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 The British Virgin Islands Number of Shares Beneficially Owned by Each Reporting Person With 5 Sole Voting Power 198,385,540 common shares. See Item 4. 6 Shared Voting Power 0 7 Sole Dispositive Power 198,385,540 common shares. See Item 4. 8 Shared Dispositive Power 0 9 Aggregate Amount Beneficially Owned by Each Reporting Person 198,385,540 common shares. See Item 4. 10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See instructions) 11 Percent of Class Represented by Amount in Row 9 12.0%. See Item 4. 12 Type of Reporting Person (See instructions) CO 1 Name of Reporting Person Michael Minhong Yu 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 The Peoples Republic of China Number of Shares Beneficially Owned by Each Reporting Person With 5 Sole Voting Power 199,072,160 common shares. See Item 4. 6 Shared Voting Power 0 7 Sole Dispositive Power 199,072,160 common shares. See Item 4. 8 Shared Dispositive Power 0 9 Aggregate Amount Beneficially Owned by Each Reporting Person 199,072,160 common shares. See Item 4. 10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares 11 Percent of Class Represented by Amount in Row 9 12.0%. See Item 4. 12 Type of Reporting Person (See instructions) IN Item1. (a) Name of Issuer: New Oriental Education & Technology Group Inc. (the Issuer) (b) Address of Issuers Principal Executive Offices: No. 6 Hai Dian Zhong Street Haidian District Beijing 100080 Peoples Republic of China Item2. (a) Name of Person Filing: Tigerstep Developments Limited Michael Minhong Yu (b) Address of Principal Business Office or, if None, Residence: Tigerstep Developments Limited c/o Michael Minhong Yu No. 6 Hai Dian Zhong Street Haidian District, Beijing 100080 Peoples Republic of China Michael Minhong Yu c/o Michael Minhong Yu Haidian District, Beijing 100080 Peoples Republic of China (c) Citizenship: Tigerstep Developments Limited British Virgin Islands Michael Minhong Yu Peoples Republic of China (d) Title of Class of Securities: Common shares, par value US$0.001 per share (e) CUSIP Number: G6470A108 Item3. Not Applicable Item4. The following information with respect to the ownership of the common shares of the Issuer by each of the reporting persons is provided as of December 31, 2023. The table below is prepared based on 1,655,019,293 common shares of the Issuer outstanding as of December 31, 2023. Reporting Person Amount beneficially owned: Percent of class: Sole power to vote or direct the vote: Shared power to vote or to direct the vote: Sole power to dispose or to direct the disposition of: Shared power to dispose or to direct the disposition of: Tigerstep Developments Limited 198,385,540 (1) 12.0 % 198,385,540 (1) 0 198,385,540 (1) 0 Michael Minhong Yu 199,072,160 (2) 12.0 % 199,072,160 (2) 0 199,072,160 (2) 0 (1) Represents 165,235,000 common shares of the Issuer and 3,315,054 ADSs (each representing ten underlying common shares) of the Issuer held by Tigerstep Developments Limited, a British Virgin Islands company. The registered address of Tigerstep Developments Limited is Marcy Building, 2nd Floor, P.O. Box 2416, Road Town, Torto

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