NEW ORIENTAL-S (09901) announced the approval of an ordinary cash dividend and a share repurchase plan by its board of directors, in line with the company's three-year shareholder return plan for fiscal year 2026 passed in July 2025.

The ordinary cash dividend will be $0.12 per ordinary share or $1.2 per American Depositary Share (ADS), payable in two installments in USD. The first installment of $0.06 per ordinary share or $0.6 per ADS will be distributed to shareholders of record as of the close of business on November 18, 2025 (Beijing/Hong Kong and New York time). The second installment of $0.06 per ordinary share or $0.6 per ADS will be paid on a record date to be determined later by the board.

The first dividend payment is expected to be made on or around December 2, 2025, for ordinary shareholders, and December 5, 2025, for ADS holders. The second payment is anticipated approximately six months after the first. The total cash dividend is estimated at approximately $190 million.

To qualify for the first dividend, ordinary shareholders must submit valid transfer documents along with relevant share certificates to the company’s Hong Kong share registrar, Hong Kong Central Securities Registration Limited, by 4:30 PM Beijing/Hong Kong time on November 18, 2025. Dividends for ADS holders will be processed in accordance with the terms of the deposit agreement.

Under the share repurchase plan, the company may repurchase up to $300 million worth of ADSs or ordinary shares over the next 12 months. Repurchases may be conducted via open-market transactions, privately negotiated deals, block trades, or other legally permitted methods, subject to market conditions and regulatory requirements. The board will periodically review the repurchase plan and may adjust its terms and size. Funding for the repurchases is expected to come from the company’s existing cash reserves.