Schedule 13G Amendment No. 12

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

(Rule 13d-102)

Under the Securities Exchange Act of 1934

(Amendment No. 12)*

 

 

New Oriental Education & Technology Group Inc.

(Name of Issuer)

Common Shares, par value US$0.01 per share

(Title of Class of Securities)

G6470A108

(CUSIP Number)

December 31, 2019

(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 person’s 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

 

20,238,554 common shares. Tigerstep may be deemed to have sole voting power with respect to these shares. Michael Minhong Yu may also be deemed to have sole voting power with respect to the above shares.

   6   

  Shared Voting Power

 

  0

   7   

  Sole Dispositive Power

 

20,238,554 common shares. Tigerstep may be deemed to have sole dispositive power with respect to these shares. Michael Minhong Yu may also be deemed to have sole dispositive power with respect to the above shares.

   8   

  Shared Dispositive Power

 

  0

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  20,238,554 common shares

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See instructions)

 

  ☐

11  

  Percent of Class Represented by Amount in Row 9

 

  12.8%

12  

  Type of Reporting Person (See instructions)

 

  CO

 


  1    

  Names of Reporting Persons

 

  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 People’s Republic of China

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5     

  Sole Voting Power

 

20,238,554 common shares. Tigerstep may be deemed to have sole voting power with respect to these shares. Michael Minhong Yu may also be deemed to have sole voting power with respect to the above shares.

   6   

  Shared Voting Power

 

  0

   7   

  Sole Dispositive Power

 

20,238,554 common shares. Tigerstep may be deemed to have sole dispositive power with respect to these shares. Michael Minhong Yu may also be deemed to have sole dispositive power with respect to the above shares.

   8   

  Shared Dispositive Power

 

  0

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  20,238,554 common shares

10  

  Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  ☐

11  

  Percent of Class Represented By Amount In Row 9

 

  12.8%

12  

  Type of Reporting Person (See instructions)

 

  IN

 

 


Item 1    (a).    Name of Issuer:
      New Oriental Education & Technology Group Inc. (the “Issuer”)
   (b).    Address of Issuer’s Principal Executive Offices:
     

No. 6 Hai Dian Zhong Street

Haidian District

Beijing 100080

People’s Republic of China

Item 2    (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

People’s Republic of China

     

Michael Minhong Yu

c/o Michael Minhong Yu

Haidian District, Beijing 100080

People’s Republic of China

   (c).    Citizenship:
     

Tigerstep Developments Limited — British Virgin Islands

Michael Minhong Yu — People’s Republic of China

   (d).    Title of Class of Securities:
      Common shares, par value US$0.01 per share
   (e).    CUSIP Number:
      G6470A108
Item 3.    Not Applicable


Item 4.    Ownership:
   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, 2019. The table below is prepared based on 158,540,080 common shares of the Issuer outstanding as of December 31, 2019.

 

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

     20,238,554        12.8     20,238,554        0        20,238,554        0  

Michael Minhong Yu

     20,238,554        12.8     20,238,554        0        20,238,554        0  

 

   As of December 31, 2019, Tigerstep Developments Limited, a British Virgin Islands company, held 20,238,554 common shares of the Issuer. Tigerstep Developments Limited is wholly owned by Michael Minhong Yu, the executive chairman of the board of directors of the Issuer. Through a trust arrangement, Michael Minhong Yu, together with his family, holds beneficial interest in Tigerstep Development Limited. Pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended, and the rules promulgated thereunder, Michael Minhong Yu may be deemed to beneficially own all of the shares held by Tigerstep Developments Limited.
Item 5.    Ownership of Five Percent or Less of a Class:
   Not applicable
Item 6.    Ownership of More than Five 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
   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:
   Not applicable


LIST OF EXHIBITS

 

Exhibit No.

  

Description

A    Joint Filing Agreement


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.

 

Dated: February 10, 2020      
Tigerstep Developments Limited     By:  

/s/ Michael Minhong Yu

    Name:   Michael Minhong Yu
    Title:   Director
Michael Minhong Yu    

/s/ Michael Minhong Yu

    Michael Minhong Yu
EX-99.(A)

Exhibit A

Joint Filing Agreement

In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with all other Reporting Persons (as such term is defined in the Schedule 13G referred to below) on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the common shares, par value US$0.01 per share, of New Oriental Education & Technology Group Inc., a Cayman Islands company, and that this Agreement may be included as an Exhibit to such joint filing. This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.

[Remainder of this page has intentionally been left blank.]


Signature Page

IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of February 10, 2020.

 

Tigerstep Developments Limited       By:   

/s/ Michael Minhong Yu

      Name:    Michael Minhong Yu
      Title:    Director
Michael Minhong Yu      

/s/ Michael Minhong Yu

      Michael Minhong Yu