New Oriental Education & Technology Group, Inc. ADR (EDU)

Q2 2011 Earnings Call

January 18, 2011 8:00 a.m. ET

Executives

Sisi Zhao - Senior IR Manager

Louis Hsieh - President and CFO

Analysts

Catherine Leung - Citi

Philip Wan - Morgan Stanley

Chenyi Lu - Cowen and Company

Ingrid Yin - Brean Murray

Mark Marostica - Piper Jaffray

Ella Ji - Oppenheimer

Amy Junker - Robert W. Baird

Jeff Lee - Signal Hill

Paul Ginocchio - Deutsche Bank

Brandon Dobell - William Blair

Chao Wang - Bank of America

Tracey Urdan - Samuel Hill

Presentation

Operator

Good evening and thank you for joining New Oriental’s second fiscal quarter 2011 conference call. At this time all participants are in listen only mode. After management’s prepared remarks there will be a question and answer session. Today’s conference is being recorded. If you have any objections you may disconnect at this time. I would now like to turn the meeting over to your host for today’s conference, Ms. Sisi Zhao. Please proceed.

Sisi Zhao

Hello everyone and welcome to New Oriental’s second fiscal quarter 2011 earnings conference call. Our second fiscal quarter earnings results were released earlier today and are available on the company’s Web site as well as on Newswire Services. Today you will hear from Louis Hsieh New Oriental's President and Chief Financial Officer. After his prepared remarks, Louis will be available to answer your questions.

Before we continue please note that the discussion today will contain forward-looking statements made under the Safe Harbor provisions of the US Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, our results may be materially different from the view expressed today. A number of potential risks and uncertainties are outlined in our public filings with the SEC. New Oriental does not undertake any obligation to update any forward-looking statement except as required under applicable law.

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