Core Points - The controversy surrounding Yu Minhong's "Antarctic All-Staff Letter" continues to escalate, with an employee from New Oriental expressing grievances about excessive working hours and unattainable recruitment targets [1][5] - The employee's letter titled "Don't Let the Educational Original Intention Be Exhausted in Disorderly Overtime" criticizes the high overtime demands and chaotic work environment faced by course consultants [2] Summary by Sections Employee Grievances - A New Oriental employee reported working hours exceeding 12 hours daily, with a "996 single rest" work pattern becoming the norm, contradicting the promised two-day weekend in the labor contract [2] - The employee highlighted issues such as unrealistic performance targets, unpaid overtime, and a chaotic work structure that leads to constant changes in work plans [2] Company Response - The internal letter was reportedly sent by a course consultant in Hangzhou and was quickly deleted, with the employee's account being suspended shortly after [5] - A representative from New Oriental confirmed the authenticity of the letter and stated that the company has a clear reporting mechanism for such issues, indicating that appropriate actions will be taken against the employee for the public nature of the complaint [5] Market Reaction - Following the controversy, New Oriental's stock price fell by over 3% as of the market close on December 3 [5]

Core Viewpoint - A New Oriental employee expressed dissatisfaction with excessive working hours and unrealistic recruitment targets, contrasting the company's stated values of "education初心" and "people-oriented" principles as articulated by founder Yu Minhong [1][4]. Group 1: Employee Concerns - The employee reported working over 12 hours daily, with the promised two-day weekends becoming rare, and the standard 8-hour workday now seen as unattainable [1][4]. - The employee highlighted feelings of confusion and exhaustion due to unreasonable work expectations, including constant changes in plans and additional tasks that detract from primary responsibilities [4][5]. Group 2: Company Response - Following the employee's message, the company confirmed the communication was sent by a course consultant and stated that it would take appropriate action, emphasizing the existence of internal reporting mechanisms [5][7]. - Yu Minhong, in a previous communication, acknowledged the importance of maintaining the company's image and encouraged employees to address grievances through internal channels rather than public platforms [7].

Core Points - A New Oriental employee expressed dissatisfaction in a company-wide letter, criticizing excessive overtime and unattainable enrollment targets, contrasting with the founder's message of "educational original intention" and "people-oriented" approach [1] - The employee mentioned working over 12 hours daily and that the promised weekends off had become unrealistic [1] - The letter was reportedly sent by a course consultant from Hangzhou New Oriental and was quickly deleted along with the employee's account [1] - A representative from Hangzhou New Oriental confirmed the authenticity of the letter and stated that it would be addressed through the company's internal reporting mechanisms [1] Company Response - The company acknowledged the letter's existence and indicated that the employee's method of communication was inappropriate [1] - The company has a clear reporting structure in place for such grievances, and the matter will be followed up by designated personnel [1]

Core Viewpoint - The article highlights the discontent among New Oriental employees regarding excessive working hours, unrealistic performance targets, and a lack of respect for labor rights, urging management to address these issues to maintain the company's educational values and employee well-being [3][5][6]. Group 1: Employee Concerns - Employees report a "996 single rest" work culture, with daily working hours extending from 9:30 AM to 9:30 PM, leading to over ten hours of work becoming the norm [4][5]. - The initial promise of a double rest day in the employment contract has rarely been fulfilled, and the legal eight-hour workday has become an unattainable luxury [4][6]. - There are complaints about performance targets that exceed reasonable limits, leading to a sense of confusion and fatigue among employees [6]. Group 2: Management Response - An internal letter from a course consultant at New Oriental was circulated, expressing these grievances but was subsequently deleted, indicating potential repercussions for the employee [8]. - The company has a clear reporting mechanism for such issues, and management has stated that they will follow up on the situation [8]. Group 3: Call for Change - Employees express a desire for basic labor rights to be respected and for a return to a focus on both educational quality and employee rights [6]. - The letter references a sentiment from the founder, suggesting that if the company continuously harms its employees, it cannot be considered a good company, emphasizing the need for management to listen to employee concerns [6].

Core Points - A New Oriental employee publicly criticized the excessive working hours and unrealistic performance targets for course consultants, highlighting a "996 single day off" work culture [1][4] - The employee described working hours extending from 9:30 AM to 9:30 PM, with little to no actual weekends off, contradicting the labor contract that promised a two-day weekend [4] - The employee expressed feelings of being overworked without compensation for overtime or time off, facing high recruitment targets under extreme time constraints [4] Company Response - The employee's message was quickly deleted and their account was suspended, indicating that the company has a clear reporting mechanism for such communications [5] - A company representative confirmed the authenticity of the message and stated that appropriate actions would be taken to address the situation [5] Leadership Communication - Founder Yu Minhong faced criticism for sending a company-wide email while on a trip to Antarctica, which included an apology and an explanation of his intentions [7] - In his communication, Yu emphasized the responsibility of employees to uphold the company's image and encouraged addressing grievances through internal channels rather than public platforms [7] - Yu also mentioned that he has maintained a non-confrontational approach with employees, asserting that he has never lost his temper with ordinary staff members [7]

Core Points - A long article was shared by a course consultant from New Oriental in an internal group, highlighting issues related to excessive overtime, unrealistic performance targets, and disorganized work content [1][3] - The article claims that since autumn, the course consultant team has been trapped in a "996 single day off" cycle, working from 9:30 AM to 9:30 PM, resulting in over ten hours of work becoming the norm [1][3] - The author of the article expresses concerns about high performance indicators, mandatory overtime without compensation, and the unrealistic nature of the recruitment goals set by the company [1][3] Work Conditions - The article states that the labor contract promised a two-day weekend, which has rarely been fulfilled, and the legal eight-hour workday has become an unattainable luxury [1][3] - It mentions that all overtime work is labeled as "uncompleted tasks," leading to a culture of "voluntary overtime" without any additional pay or compensatory time off [1][3] - The combination of extended recruitment targets and extremely tight deadlines creates "impossible tasks" that are used as measures of work capability, with failure to meet them being equated to a lack of effort [1][3] Company Response - As of the time of reporting, New Oriental has not provided an official response to the allegations made in the article [2][4]

Core Viewpoint - The announcement details a significant increase in shareholding by major shareholders of New Oriental New Materials Co., Ltd., reflecting their confidence in the company's future growth and value appreciation [3]. Group 1: Shareholding Changes - Shareholders Fan Liming and Fan Lili increased their holdings by a total of 520,000 shares from December 1 to December 2, 2025, representing 0.26% of the company's total share capital [3]. - The combined shareholding of Zhu Junfei, Fan Liming, and Fan Lili rose from 8.84% to 9.10%, crossing the 1% threshold [3]. - The funding for this share purchase was sourced entirely from their own funds, and the increase does not trigger a mandatory tender offer [3][5]. Group 2: Commitments and Compliance - Shareholders Fan Liming and Fan Lili have committed not to reduce their holdings within the statutory period [4]. - The shareholding increase complies with relevant laws and regulations, including the Securities Law and the Measures for the Administration of the Acquisition of Listed Companies [5]. - Future share purchases will depend on the shareholders' financial situation and the company's stock price, adhering to legal and exchange regulations [6].

12月2日消息，在媒体发布的采访中，俞敏洪表示："自己跟员工之间是没有隔阂的，当然有岗位高低之 分，但是员工跟自己并不像猫见了老鼠一样，觉得老板来了特别的害怕，特别恐惧。" 责任编辑：李思阳 12月2日消息，在媒体发布的采访中，俞敏洪表示："自己跟员工之间是没有隔阂的，当然有岗位高低之 分，但是员工跟自己并不像猫见了老鼠一样，觉得老板来了特别的害怕，特别恐惧。" "从新东方成立到今天，自己几乎没发过一次火，可能对自己最核心的管理者有发脾气的时候，那是因 为他们离我太近了，对普通员工是一次都没有过。" 责任编辑：李思阳 "从新东方成立到今天，自己几乎没发过一次火，可能对自己最核心的管理者有发脾气的时候，那是因 为他们离我太近了，对普通员工是一次都没有过。" ...

Core Insights - The article highlights the journey of Yu Minhong, emphasizing his transformation from an educator to a leader in agricultural products, showcasing resilience and adaptability in response to changing times [1][2]. Group 1: Decision-Making and Leadership - Yu Minhong's approach to decision-making is characterized by rational assessment behind intuitive choices, even when facing opposition [2]. - He maintains a teacher's role in his leadership style, fostering a supportive environment for employees without resorting to anger [4]. Group 2: Personal Philosophy and Values - Yu Minhong values continuous improvement, expressing a desire for daily progress rather than immediate success [1]. - He emphasizes the importance of integrity in business, focusing on providing trustworthy products to consumers [10]. Group 3: Lifelong Learning and Exploration - Despite owning a vast collection of books, Yu Minhong believes in the importance of practical understanding over mere accumulation of knowledge [6]. - He expresses a preference for engaging with the world and gaining vitality through his work rather than being confined to a traditional office setting [8].

Core Viewpoint - The Nasdaq China Golden Dragon Index increased by 0.87% on December 2, indicating a positive trend in the performance of Chinese concept stocks [1] Group 1: Stock Performance - Notable gainers included NetEase, which rose by 4.9%, and Alibaba, which increased by 4.4% [1] - Other companies such as Pony.ai, New Oriental, WeRide, Baidu, and Pinduoduo saw increases of up to 3.4% [1]