New Oriental to Hold Annual General Meeting on March 30, 2017

BEIJING, Feb. 28, 2017

No proposal will be submitted for shareholder approval at the annual general meeting.  Instead, the annual general meeting will serve as an open forum for shareholders of record and beneficial owners of the Company's American depositary shares ("ADSs") to discuss Company affairs with management.

The board of directors of the Company has fixed the close of business on February 27, 2017 as the record date (the "Record Date") for determining the shareholders entitled to receive notice of the annual general meeting or any adjournment or postponement thereof.

Holders of record of the Company's common shares at the close of business on the Record Date are entitled to attend the annual general meeting and any adjournment or postponement thereof in person. Beneficial owners of the Company's ADSs are welcome to attend the annual general meeting in person.

The Company has filed its annual report (the "Annual Report"), which includes the Company's audited financial statements for the fiscal year ended May 31, 2016, with the U.S. Securities and Exchange Commission (the "SEC"). The Company's Annual Report can be accessed on the investor relations section of its website at investor.neworiental.org, as well as on the SEC's website at www.sec.gov.

Holders of the Company's common shares or ADSs may obtain a copy of the Company's Annual Report, free of charge, by emailing Ms. Sisi Zhao, Investor Relations Director, at zhaosisi@xdf.cn or by writing to:

No. 6 Hai Dian Zhong Street
Haidian District
Beijing 100080
People's Republic of China
Attention: Ms. Sisi Zhao