Core Viewpoint - New Oriental Education Technology Group has issued a strong statement denying rumors regarding CEO Zhou Chenggang's involvement in related party transactions and potential regulatory investigations, asserting that the claims are malicious and defamatory [1] Group 1 - The company emphasizes that the rumors have severely infringed upon the legal rights of both Zhou Chenggang and the company itself [1] - New Oriental reserves the right to pursue legal action against those who spread false information [1] - The company has initiated legal processes and reported the rumors to the authorities, committing to pursue the matter thoroughly [1]

| EDU 新东方 | | | | --- | --- | --- | | 48 310 L-0.090 -0.19% | | 收盘价 08/18 15:59 美东 | | 47.400 ↓ -0.910 -1.88% | | 盘前价 08/19 04:41 美东 | | 三 7 24 15 15 15 1 0 15 15 1 0 1 0 15 | | ● 快捷交易 | | 最高价 48.680 | 开盘价 48.400 | 成交量 65万 | | 最低价 47.920 | 昨收价 48.400 | 成交额 3147.38万 | | 平均价 48.417 | 市盈率TM 21.00 | 总市值 79亿 (--) | | 振 幅 1.57% | 市盈率(静) 21.00 | 总股本 1.64亿 | | 换手率 0.62% | 市净率 2.157 | 流通值 50.76亿 | | 52周最高 87.260 | 委 比 -95.96% | 流通股 1.05亿 | | 52周最低 40.660 | 量 比 0.71 | 每 手 1股 | | 历史最高 197.769 | 股息TIM -- | 换股比率 10.00 | ...

Group 1 - The stock of Dongfang Zhenxuan (1797.HK) experienced significant volatility on August 19, with an initial surge of over 23% in the morning, reaching a new intraday high since February 2023, followed by a sharp decline of 20.89% by the close, settling at 34.32 HKD [1] - A rumor circulated online regarding New Oriental CEO Zhou Chenggang being investigated by regulatory authorities for allegedly misappropriating company interests through related-party transactions, which was later denied by New Oriental as a false claim [1] - Prior to this volatility, Dongfang Zhenxuan had shown strong performance, with a monthly increase of 85% in July and a cumulative rise of 144% in August [4] Group 2 - Following the announcement of Dong Yu Hui's departure from Dongfang Zhenxuan in July 2023, the stock plummeted over 23% on the first trading day after the news, resulting in a market value loss of 3 billion HKD and hitting a low of 8.92 HKD during intraday trading [4]

Core Viewpoint - The stock price of Oriental Selection experienced significant volatility, initially surging over 23% before plummeting by 20.89% amid rumors of regulatory investigations involving CEO Zhou Chenggang [1][7]. Group 1: Stock Performance - Oriental Selection's stock saw a dramatic increase of over 23% in the morning session, followed by a sharp decline of 20.89% in the afternoon [1][7]. - The stock's performance reflects market sensitivity to rumors and potential regulatory scrutiny [1]. Group 2: Rumors and Responses - Reports emerged suggesting that CEO Zhou Chenggang might be involved in related party transactions under investigation by regulatory authorities, which Oriental Selection has categorically denied as rumors [1][3]. - The company’s investment relations director stated in a group chat that there is no truth to the rumors, emphasizing that they are in a quiet period regarding their annual report [1][3]. - Founder Yu Minhong also labeled the claims as completely false, and the company has initiated legal actions against the spread of such rumors [3]. Group 3: CEO Background - Zhou Chenggang, CEO of New Oriental Education Technology Group, has a diverse background, including roles as a teacher and journalist before joining New Oriental in 2000 [6]. - He has held various leadership positions within the company and was recognized in the Forbes China Best CEO list in 2024 [6].

Core Viewpoint - New Oriental Group CEO Zhou Chenggang is under investigation for allegedly misappropriating company interests through related party transactions, leading to panic selling among investors [1][4]. Company Background - Zhou Chenggang has been with New Oriental since 2000, serving in various roles including principal and president, and became CEO in 2016 [1][3]. - Zhou and co-founder Yu Minhong have a long-standing partnership, having met during their high school entrance exams in 1980 [1]. Market Reaction - On August 19, New Oriental's stock price plummeted by 20.89%, closing at HKD 34.320 per share, with a total market capitalization of HKD 359.13 billion [4][5]. - The stock opened at HKD 43.000 and reached a low of HKD 34.000 during the trading session, with a trading volume of 225 million shares [5]. Company Response - The investor relations director of Oriental Selection, a subsidiary of New Oriental, denied the allegations, stating that the company is in a quiet period for its annual report [6]. - In response to rumors regarding high commission rates exceeding 30%, the company clarified that its actual average commission rate is below 20% and has initiated legal actions against the spread of false information [7].

Core Viewpoint - The stock price of Oriental Selection dropped significantly on August 19 due to rumors regarding the CEO of New Oriental, Zhou Chenggang, being investigated for alleged related-party transactions that could harm the interests of the listed company [1] Group 1 - Oriental Selection responded to the rumors, stating that the claims about Zhou Chenggang being under investigation are false [1] - Zhou Chenggang is known as a long-time partner of Yu Minhong, the founder of New Oriental [1]

【#新东方辟谣CEO被调查#】8月19日下午，一条关于新东方CEO周成刚"涉嫌通过关联交易侵占上市公 司利益，已被监管部门立案调查"的消息在网络广泛传播，对此，新东方回应@21世纪经济报道 记者 称，纯属谣言，将发布正式声明。 ...

Group 1 - The CEO of New Oriental Group, Zhou Chenggang, is rumored to be under investigation by regulatory authorities for allegedly misappropriating company interests through related party transactions [1] - New Oriental's management has denied these allegations, labeling them as rumors and awaiting official clarification [1] - Zhou Chenggang has been with New Oriental since 2000, holding various positions including President and CEO since September 2016 [1] Group 2 - On the same day, both Oriental Selection and New Oriental's Hong Kong stocks experienced a decline, with Oriental Selection dropping over 20%, reaching a stock price of 34.32 HKD per share [3]

Group 1 - The stock price of Dongfang Zhenxuan experienced significant volatility, initially surging over 23% in the morning before plummeting to a 20.89% decline by the end of the day [2] - There are reports suggesting that New Oriental's CEO, Zhou Chenggang, may be under investigation by regulatory authorities for potential related-party transactions [2] - Dongfang Zhenxuan has responded to these allegations, stating that they are purely rumors [2]

Core Viewpoint - New Oriental Group has issued a statement denying rumors regarding CEO Zhou Chenggang being investigated for allegedly misappropriating company interests through related-party transactions, labeling the news as false and malicious [1][5][7]. Group 1: Company Response - New Oriental Group has reserved the right to pursue legal action against those spreading false information that infringes on the rights of CEO Zhou Chenggang and the company [1]. - Oriental Selection, a subsidiary of New Oriental, has also announced that it has initiated legal proceedings against the rumors, emphasizing a commitment to pursue the matter thoroughly [2][6]. Group 2: Market Impact - The rumors led to a significant drop in the stock price of Oriental Selection, which fell by 20.89% to HKD 34.32 by the close of trading on August 19, after reaching a two-year high of HKD 53.7 earlier in the day [7]. - The market reaction was characterized by panic among investors, triggered by the unverified claims about regulatory investigations [5]. Group 3: Commission Rate Clarification - New Oriental clarified that the claim regarding Oriental Selection's commission rate being over 30% is inaccurate, stating that the actual average commission rate is below 20% [6].