SCHEDULE: Norges Bank Discloses 5.5% Stake in New Oriental Education

Norges Bank, on behalf of the Government of Norway, reported a 5.5% beneficial ownership stake in New Oriental Education & Technology Group Inc. as of September 30, 2025.

Summary

• Norges Bank, a non-U.S. institution and investment adviser, has reported beneficial ownership of 93,764,828 shares of Common Stock in New Oriental Education & Technology Group Inc.
• This ownership represents 5.5% of the class of securities.
• The shares are held on behalf of the Government of Norway.
• Norges Bank holds sole voting power over all 93,764,828 shares.
• Norges Bank holds sole dispositive power over 17,690,592 shares and shared dispositive power over 76,074,236 shares.

Sentiment

Score: 7

Explanation: The filing indicates a significant institutional investment by Norges Bank, which is generally perceived as a positive signal of confidence in the company's long-term prospects, despite the filing itself being a routine ownership disclosure.

Positives

• The disclosure of Norges Bank, a major sovereign wealth fund, holding a significant 5.5% stake indicates strong institutional confidence in New Oriental Education & Technology Group Inc.
• The investment is certified as being acquired and held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Industry Context

Norges Bank's investment in New Oriental Education & Technology Group Inc. highlights continued institutional interest in the Chinese education sector, a market that has experienced significant regulatory changes in recent years. This move by a major global investor could signal a perceived stabilization or renewed growth potential within the industry.

Stakeholder Impact

• Shareholders may view Norges Bank's significant stake as a vote of confidence, potentially leading to increased investor interest and stability in the stock.
• The company's management may benefit from the long-term perspective and stability that a major institutional investor like Norges Bank typically brings.

Key Dates

Recommendation

The disclosure of Norges Bank's substantial 5.5% stake in New Oriental Education & Technology Group Inc. signals significant institutional confidence. While this filing does not provide operational or financial performance data, the backing of a major sovereign wealth fund suggests a positive long-term view, making a 'hold' recommendation appropriate for existing investors.

Keywords

New Oriental Education, Norges Bank, Beneficial Ownership, Institutional Investor, Education Technology, China Education, SEC Filing, Schedule 13G, Common Stock