Xin Lang Cai Jing·2026-01-20 04:19Group 1 - The core announcement from New Oriental Education Technology Group is the hiring of Chen Xingjia as the chief consultant for New Oriental Education, Dongfang Zhenxuan, and New Oriental Cultural Tourism, with an annual salary of 1.5 million RMB [1][3] - New Oriental Education Technology Group commits to donating no less than 1 million RMB annually to the Henghui Public Welfare Foundation, which is focused on the health and growth of Chinese youth [1][3] - Founder Yu Minhong has joined Chen Xingjia in the Henghui Public Welfare Foundation to work together for the betterment of society [1][3] Group 2 - Chen Xingjia announced the initiation of a succession process to hand over leadership to younger individuals and stated he will no longer receive a salary from the Henghui Public Welfare Foundation after the transition [4] - Chen Xingjia's annual salary of 730,100 RMB for 2024 had previously sparked controversy, but the foundation's financial expenditures have been audited and confirmed by the civil affairs department [4]