Core Viewpoint - The announcement details a correction and apology from the largest shareholder of New Oriental New Materials Co., Ltd., regarding inaccuracies in a previously disclosed report related to equity changes [2][3]. Group 1: Correction of Report - The largest shareholder, Jiangsu Teliang New Materials Technology Co., Ltd. (Teliang), and its action-in-concert party, Wuxi Hongsheng Dingrong Investment Management Partnership (Limited Partnership), received an administrative regulatory decision from the China Securities Regulatory Commission [2]. - The correction pertains to the "Brief Report on Equity Changes" disclosed on May 30, 2025, which contained violations of the regulations outlined in the "Measures for the Administration of the Acquisition of Listed Companies" [2]. - Other contents of the report remain unchanged despite the corrections [2]. Group 2: Apology Statement - Teliang expressed sincere apologies to the company and investors for the inaccuracies in the report [3]. - The company and its action-in-concert party committed to strictly adhering to relevant laws and regulations in future disclosures related to equity changes and acquisitions [3]. - They emphasized the importance of ensuring that all announcements are truthful, accurate, and complete moving forward [3].

Market Overview - US stock market rose again on the last trading day of the Federal Reserve's interest rate meeting, with tech stocks benefiting from the continued impact of interest rate cuts, while small-cap stocks retreated from record highs, leading the three major US stock indices to close at historical highs [1] - "Triple Witching Day" resulted in massive trading volume, marking the third-largest trading day on record [1] Stock Performance - The S&P 500 index rose by 32.40 points, or 0.49%, closing at 6664.36 points, marking a weekly increase of 1.22% [8] - The Dow Jones Industrial Average increased by 172.85 points, or 0.37%, closing at 46315.27 points, with a weekly gain of 1.05% [8] - The Nasdaq Composite rose by 160.751 points, or 0.72%, closing at 22631.476 points, with a weekly increase of 2.21% [8] - The Russell 2000 index fell by 0.77%, closing at 2448.769 points, but still recorded a weekly gain of 2.16% [8] Sector Performance - The oil and gas ETF fell by 2.13%, while the S&P energy sector declined by 1.34% [6] - The solar energy sector rose by 1%, and utilities increased by 0.64% [6] Notable Stocks - Xiaoma Zhixing surged by 18.4% after announcing plans to achieve key profitability targets by early 2026, with expected Robotaxi production of 1000 units this year [4][12] - WeRide's stock rose over 10% following the receipt of a Level 4 license for its autonomous minibuses in Belgium [4] - Infosys dropped by 4% due to news of a proposed $100,000 fee increase for H-1B visas [7] Commodity and Currency Markets - Gold regained momentum, rising over 1% and marking its fifth consecutive week of gains [1][30] - Silver reached $43 per ounce for the first time in 14 years, with a year-to-date increase of nearly 49% [7][30] - WTI crude oil fell for the third consecutive day, closing at $62.68 per barrel, with a weekly decline of over 0.01% [30][31]

Group 1 - The Nasdaq China Golden Dragon Index increased by 2% on Wednesday, indicating a positive trend for popular Chinese concept stocks [1] - Baidu (BIDU.US) and NIO (NIU.US) both rose over 6%, reflecting strong market performance [1] - GDS Holdings (GDS.US) saw an increase of nearly 4%, while Pinduoduo (PDD.US) and New Oriental (EDU.US) both rose by 3%, showcasing a broad-based rally among these stocks [1]

Summary of Conference Call Records Industry Overview - The service consumption in China is significantly lower than in developed countries, currently at approximately 30% compared to 70% in the US, indicating substantial growth potential [1][2] - The new policies aim to enhance service consumption, particularly in the cultural and tourism sectors, with local governments actively improving service quality [1][2] Key Policy Insights - Five major increments in the new policy include: 1. Optimizing student holiday arrangements to explore spring and autumn breaks, benefiting tourism [1][4] 2. Encouraging IP collaborations to promote cross-industry partnerships [1][4] 3. Linking sports events with cultural tourism to boost consumer engagement [1][4] 4. Promoting AI applications in various sectors such as e-commerce and education [1][4] 5. Regulating non-academic training institutions to encourage market-oriented vocational training [1][4] Impact on Specific Sectors - **Tourism and Hospitality**: - The expansion of the visa-free entry policy is expected to significantly boost inbound tourism, particularly benefiting major cities like Beijing and Shanghai, as well as OTA platforms and hotels [3][9][12] - **Cultural and Sports Events**: - The policy encourages the introduction of international sports events and supports local sports activities, which will benefit event organizers and related industries, enhancing investor expectations [1][6] - **Education and Training**: - The new regulations for non-academic training institutions will favor companies like New Oriental and others in the vocational training sector [7][8] Financial and Economic Support - The government plans to utilize central budget investments and local special bonds to support cultural tourism and elderly care facilities, which will attract social capital investment [13] - Financial tools will be employed to increase credit availability, directly benefiting companies involved in consumer lending, such as Chongqing Department Store [13] Additional Considerations - The adjustment of student holiday schedules is anticipated to increase tourism frequency while alleviating congestion during peak seasons [11][12] - The integration of AI in service sectors is expected to enhance operational efficiency and reduce costs, indicating a significant trend in future consumption development [10]

Group 1 - New Oriental (EDU.US) shares rose by 2.21% to $54 in pre-market trading following the announcement of policies aimed at expanding service consumption by the Ministry of Commerce and eight other departments on September 16 [1] - The policies encourage institutions to conduct vocational skills training in a market-oriented manner and improve training evaluation mechanisms [1] - The initiative includes the development of community colleges, citizen night schools, and senior training programs, providing quality skills and cultural arts training [1] Group 2 - The policies also promote the cultivation of a diversified education and training market, regulating the development of non-academic education and training in cultural arts, technology, and sports [1] - Eligible online and offline non-academic training institutions can apply for administrative licenses in accordance with the law [1]

Core Viewpoint - The 2025 Service Trade Fair in Beijing focuses on the digital, intelligent, and green development trends in service trade, showcasing innovations in AI education, particularly through New Oriental's "AI Education+" exhibition area [1] Group 1: Event Overview - The 2025 Service Trade Fair features participation from 85 countries and international organizations, with nearly 2000 enterprises exhibiting [1] - The theme of the fair is "Digital Intelligence Leading, Service Trade Renewing," emphasizing the importance of digital transformation in service trade [1] Group 2: AI Education Initiatives - New Oriental's "AI Education+" exhibition area highlights its innovative educational products and services, particularly in AI-enabled education [1] - The "Elementary School Artificial Intelligence Enlightenment Course," developed in collaboration with Capital Normal University, aims to provide practical and scientific AI education for elementary students [2][4] Group 3: Course Content and Structure - The "Elementary School Artificial Intelligence Enlightenment Course" consists of 12 volumes, covering topics from basic logic to data, algorithms, and IoT, designed to engage students through hands-on activities [4][8] - The course aims to cultivate students' logical thinking, critical spirit, and problem-solving abilities, preparing them to understand and apply AI technology in real-life scenarios [4][8] Group 4: Comprehensive AI Education Ecosystem - New Oriental is building a comprehensive AI education service system that includes teaching materials, course resources, software platforms, hardware kits, teacher training, and technical services [8][12] - The company has developed AI education hardware based on domestic chips and operating systems, creating a unique hardware technology ecosystem [9] Group 5: Support and Training - New Oriental provides a range of support resources, including teacher activity manuals, integrated digital teaching service platforms, and AI teaching kits to enhance the effectiveness of AI education [11] - The company also offers training and technical services to ensure teachers are well-equipped to deliver AI education effectively [11][12] Group 6: Recognition and Future Goals - The "Elementary School Artificial Intelligence Enlightenment Course" has been officially recognized as part of Beijing's AI education resources, reflecting the collaboration between Capital Normal University and New Oriental [8][12] - New Oriental aims to contribute to the national goal of popularizing AI education in primary and secondary schools by 2030, leveraging over 30 years of educational resources and AI technology [8][12]

Group 1 - The article highlights the transformative impact of AI and digital solutions in the education sector, showcasing advanced educational environments at the 2025 Service Trade Fair [1][2] - Companies like Yuanli Technology are offering AI hardware and software solutions that enhance teaching efficiency and student engagement, with significant improvements in teacher workload and student learning time [2] - New Oriental is focusing on comprehensive education by integrating AI tools and interactive learning experiences, emphasizing the importance of both cultural and physical education for students [3][4] Group 2 - Yuanli Technology's AI solutions include a regional ink screen version and a single-school learning space version, both designed to facilitate data-driven teaching and personalized learning experiences [2] - New Oriental's AI development board is tailored for middle and primary school students, providing a full range of educational support through hardware, software, and content [3] - The "Jingxiaojian" intelligent health coach by China Mobile offers holistic health management for students, covering nutrition, exercise, and mental well-being [4]

Core Insights - The 2025 Service Trade Fair in Beijing focuses on the digital, intelligent, and green development trends in service trade, featuring nearly 2000 enterprises and 85 countries [1] - New Oriental showcased its "AI Education+" section, highlighting innovations in education technology and content [1] Group 1: AI Education Initiatives - New Oriental's "Elementary School Artificial Intelligence Enlightenment Course" aims to provide a comprehensive AI literacy education for students, developed in collaboration with experts and teachers [2][3] - The course is designed to enhance students' logical thinking, critical spirit, and problem-solving abilities, covering essential AI knowledge and its applications in daily life [3] - The course series consists of twelve volumes, catering to all elementary school grades, with hands-on activities to engage students in AI technology [3] Group 2: Implementation and Resources - The "Elementary School Artificial Intelligence Enlightenment Course" has been officially included in Beijing's AI literacy education resources, facilitating its implementation across schools [8] - New Oriental is committed to building a comprehensive AI education service system, integrating teaching materials, course resources, software platforms, and teacher training [9] - The company has developed AI education hardware, such as the Oriental Chuangke AI Development Board, to support practical learning experiences [9][11] Group 3: Comprehensive AI Education Framework - New Oriental's AI education framework spans from introductory courses to advanced competition training, ensuring a seamless educational pathway for students [12] - The company provides a range of support services, including teacher training and technical assistance, to enhance the effectiveness of AI education [10] - The initiative aligns with national goals to promote AI education in primary and secondary schools by 2030, positioning New Oriental as a leader in this field [9][13]

Core Viewpoint - The article discusses the rise and fall of Li Xiaolai, who became known as the "Bitcoin King" after amassing significant wealth through Bitcoin investments, only to face backlash and criticism following a leaked recording that revealed his contempt for his followers and the volatility of the cryptocurrency market [1][19][26]. Group 1: Background and Rise - Bitcoin was introduced by Satoshi Nakamoto in 2008 as a new form of currency, allowing anyone with mining software to create and own Bitcoin [3][5]. - The total supply of Bitcoin is capped at 21 million units, with its initial price being less than $0.05 [5]. - Li Xiaolai, originally a teacher, recognized the potential of Bitcoin early on and invested heavily, eventually purchasing a six-figure amount of Bitcoin by 2013 [11][15][17]. Group 2: Wealth Accumulation and Public Image - By investing tens of thousands, Li Xiaolai turned his investment into over 10 billion, gaining fame and being dubbed the "Bitcoin King" [17]. - He authored several books on wealth, earning over 35 million from one titled "The Road to Financial Freedom" [19]. - In 2018, Bitcoin's price plummeted by 78.4%, leading to significant losses for many investors who followed Li's lead [21]. Group 3: Controversy and Downfall - A leaked 50-minute recording in July 2018 revealed Li Xiaolai's dismissive comments about his followers, referring to them as "fools" and "韭菜" (chives), which caused public outrage [23][25][26]. - Following the backlash, Li defended himself, questioning the narrative that profit-makers are "庄家" (big players) while losers are "韭菜" [27]. - Despite the controversy, he later published a book aimed at helping those who lost money in trading and won a defamation lawsuit against those who recorded him [30]. Group 4: Current Status and Future Directions - After the Bitcoin debacle, Li Xiaolai decided to return to the education sector, focusing on teaching subjects like mathematics, English, and computer science [40][43]. - He expressed interest in AI, indicating a potential new direction for his career [42]. - At 52, Li Xiaolai has achieved financial freedom and is now focused on pursuing his dreams rather than further investments [43].

Core Viewpoint - The "New Kindness China" initiative aims to integrate kindness into education, promoting social progress through educational efforts and community involvement [1][2] Group 1: Initiative Launch - The "New Kindness China" initiative was launched on September 15 in Nanjing, with a vision to illuminate education across all corners of society [1] - The initiative encourages new social strata to join in creating a new ecosystem of public welfare, contributing to China's modernization [2] Group 2: Educational Philosophy - The founder emphasizes that education is the warmest act of kindness, reflecting a deep cultural heritage of valuing education in Jiangsu [1] - The goal is to transform commercial success into energy that drives social progress, highlighting the importance of integrating public welfare into business development [1] Group 3: Personal Commitment - The founder expresses a personal commitment to the initiative, inspired by the cultural values of Jiangsu and the historical figures who championed education [1] - The initiative seeks to inspire more individuals to contribute their expertise and passion to illuminate the future of children [2]