Schedule 13G Amendment No. 1

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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. 1)*

 

 

 

 

New Oriental Education & Technology Group Inc.

(Name of Issuer)

 

 

Common Shares

(Title of Class of Securities)

 

 

G6470A 10 8

(CUSIP Number)

 

 

December 31, 2007

(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)

x 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).


CUSIP NO. G6470A 10 8   Schedule 13 G  

 

  1  

NAME OF REPORTING PERSON

 

            Tigerstep Developments Limited

   
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨

(b)  ¨

   
  3  

SEC USE ONLY

 

   
  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

            British Virgin Islands

   

 

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

 

 

  5    SOLE VOTING POWER

 

            Tigerstep Developments Limited, as the direct record holder of 34,200,000 common

            shares, may be deemed to have sole voting power with respect to these shares.

 

  6    SHARED VOTING POWER

 

            See item 5.

 

  7    SOLE DISPOSITIVE POWER

 

            Tigerstep Developments Limited, as the direct record holder of 34,200,000 common

            shares, may be deemed to have sole dispositive power with respect to these shares.

 

  8    SHARED DISPOSITIVE POWER

 

            See item 7.

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

            34,200,000 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

 

            22.7%

   
12  

TYPE OF REPORTING PERSON

 

            CO

   


CUSIP NO. G6470A 10 8   Schedule 13 G  

 

  1  

NAME OF REPORTING PERSON

 

            Bamei Li

   
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨

(b)  ¨

   
  3  

SEC USE ONLY

 

   
  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

            People’s Republic of China

   

 

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

 

 

  5    SOLE VOTING POWER

 

            34,200,000 common shares. Tigerstep Developments Limited, a company solely owned and controlled by Ms. Li, may also be deemed to have sole voting power with respect to the above shares.

 

  6    SHARED VOTING POWER

 

            203,039 common shares

 

  7    SOLE DISPOSITIVE POWER

 

            34,200,000 common shares. Tigerstep Developments Limited, a company solely owned and controlled by Ms. Li, may also be deemed to have sole dispositive power with respect to the above shares.

 

  8    SHARED DISPOSITIVE POWER

 

            203,039 common shares

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

            34,403,039 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

 

            22.8%

   
12  

TYPE OF REPORTING PERSON

 

            IN

   


ITEM 1  

(a).

   NAME OF ISSUER:      
     New Oriental Education & Technology Group Inc. (the “Issuer”)      
ITEM 1  

(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

 

Bamei Li

     
ITEM 2  

(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

     
    

Bamei Li

c/o Michael Minhong Yu

No. 6 Hai Dian Zhong Street,

Haidian District, Beijing 100080,

People’s Republic of China

     
ITEM 2  

(c).

   CITIZENSHIP:      
     Tigerstep Developments Limited – British Virgin Islands      
     Bamei Li – People’s Republic of China      
ITEM 2  

(d).

   TITLE OF CLASS OF SECURITIES:      
     Common Shares      
ITEM 2  

(e).

   CUSIP NUMBER:      
     G6470A 10 8      
ITEM 3.   Not Applicable   


ITEM 4.    OWNERSHIP:      
   The following information with respect to the ownership of the Common Shares of the issuer by the Reporting Person is provided as of December 31, 2007:      

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

   34,200,000    22.7 %   34,200,000    0    34,200,000    0

Bamei Li

   34,403,039    22.8 %   34,200,000    203,039    34,200,000    203,039
  

As of December 31, 2007, Tigerstep Developments Limited, a British Virgin Islands company, was the record owner of 34,200,000 common shares of the Issuer. Bamei Li is the sole owner and director of Tigerstep Developments Limited. Pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the rules promulgated thereunder, Bamei Li may be deemed to beneficially own all of the shares held by Tigerstep Developments Limited.

 

As of December 31, 2007, Capital River Group Limited, a British Virgin Islands company, held 203,309 common shares on behalf of Bamei Li. Baimei Li may be deemed to beneficially own these shares.

 

Bamei Li and Michael Minhong Yu are mother and son. Michael Minhong Yu may be deemed to have beneficial ownership of the shares held by Bamei Li. Michael Minhong Yu expressly disclaims such beneficial ownership of the shares beneficially owned by Bamei Li.

  
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.    CERTIFICATION:      
   Not applicable      


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 2, 2008

 

Tigerstep Developments Limited

  By:  

/s/ Bamei Li

  Name:   Bamei Li
  Title:   Director

Bamei Li

   

/s/ Bamei Li

    Bamei Li


LIST OF EXHIBITS

 

Exhibit No.

  

Description

A

   Joint Filing Agreement
Joint Filing Agreement

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 $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 been left intentionally blank.]


Signature Page

IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of February 2, 2008.

 

Tigerstep Developments Limited

  By:  

/s/ Bamei Li

  Name:   Bamei Li
  Title:   Director

Bamei Li

   

/s/ Bamei Li

    Bamei Li