New Oriental Education & Technology Group Inc. announced that the board of directors has appointed Mr. Zhihui Yang as the Executive President of the Company, effective on January 15, 2021. Mr. Yang will continue to serve as the Chief Financial Officer of the Company. Mr. Zhihui Yang has served as the Company's Chief Financial Officer since April 2015. Prior to this, Mr. Yang held multiple positions after he joined company in April 2006, including vice president of finance, deputy director of president office and senior financial manager. Prior to joining New Oriental, Mr. Yang served as the financial director of Beijing Hua De Xin Investment Co. Ltd. from July 2002 to March 2006. From August 1997 and May 2002, Mr. Yang worked for PricewaterhouseCoopers as a senior auditor.