[New Oriental’s first fiscal quarter net revenue increased 23.1% year-on-year Net profit increased by 13.5%] On October 28, New Oriental announced its first quarter results for fiscal year 2027 ending on August 31, 2026. Net revenue was US$1.874 billion, a year-on-year increase of 23.1%; net profit attributable to New Oriental shareholders was US$273 million, a year-on-year increase of 13.5%; operating profit was US$375 million, a year-on-year increase of 20.5%. Non-GAAP net profit was US$301 million, a year-on-year increase of 16.5%. The company expects net revenue in fiscal year 2027 to be US$6.454 billion to US$6.680 billion, a year-on-year increase of 14% to 18%. Additionally, the company declared an ordinary cash dividend of $0.20 per common share for fiscal 2027 and plans to repurchase up to $200 million of American depositary shares or common shares over the next 12 months.