Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
- Peter Lynch
What is insider trading>>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
Under the Securities Exchange Act of 1934
(Amendment No. 12)*
New Oriental Education & Technology Group Inc.
(Name of Issuer)
Common Shares, par value US$0.01 per share
(Title of Class of Securities)
G6470A108
(CUSIP Number)
December 31, 2019
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☐ Rule 13d-1(b)
☐ Rule 13d-1(c)
☒ Rule 13d-1(d)
| * | The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. |
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
| 1 |
Name of Reporting Person
Tigerstep Developments Limited (“Tigerstep”) | |||||
| 2 | Check the Appropriate Box if a Member of a Group (See instructions) (a) ☐ (b) ☐
| |||||
| 3 | SEC Use Only
| |||||
| 4 | Citizenship or Place of Organization
The British Virgin Islands | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
5 | Sole Voting Power
20,238,554 common shares. Tigerstep may be deemed to have sole voting power with respect to these shares. Michael Minhong Yu may also be deemed to have sole voting power with respect to the above shares. | ||||
| 6 | Shared Voting Power
0 | |||||
| 7 | Sole Dispositive Power
20,238,554 common shares. Tigerstep may be deemed to have sole dispositive power with respect to these shares. Michael Minhong Yu may also be deemed to have sole dispositive power with respect to the above shares. | |||||
| 8 | Shared Dispositive Power
0 | |||||
| 9 |
Aggregate Amount Beneficially Owned by Each Reporting Person
20,238,554 common shares | |||||
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See instructions)
☐ | |||||
| 11 | Percent of Class Represented by Amount in Row 9
12.8% | |||||
| 12 | Type of Reporting Person (See instructions)
CO | |||||
| 1 |
Names of Reporting Persons
Michael Minhong Yu | |||||
| 2 | Check the Appropriate Box if a Member of a Group (See instructions) (a) ☐ (b) ☐
| |||||
| 3 | SEC Use Only
| |||||
| 4 | Citizenship or Place of Organization
The People’s Republic of China | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With |
5 | Sole Voting Power
20,238,554 common shares. Tigerstep may be deemed to have sole voting power with respect to these shares. Michael Minhong Yu may also be deemed to have sole voting power with respect to the above shares. | ||||
| 6 | Shared Voting Power
0 | |||||
| 7 | Sole Dispositive Power
20,238,554 common shares. Tigerstep may be deemed to have sole dispositive power with respect to these shares. Michael Minhong Yu may also be deemed to have sole dispositive power with respect to the above shares. | |||||
| 8 | Shared Dispositive Power
0 | |||||
| 9 |
Aggregate Amount Beneficially Owned by Each Reporting Person
20,238,554 common shares | |||||
| 10 | Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
☐ | |||||
| 11 | Percent of Class Represented By Amount In Row 9
12.8% | |||||
| 12 | Type of Reporting Person (See instructions)
IN | |||||
| Item 1 | (a). | Name of Issuer: | ||
| New Oriental Education & Technology Group Inc. (the “Issuer”) | ||||
| (b). | Address of Issuer’s Principal Executive Offices: | |||
| No. 6 Hai Dian Zhong Street Haidian District Beijing 100080 People’s Republic of China | ||||
| Item 2 | (a). | Name of Person Filing: | ||
| Tigerstep Developments Limited | ||||
| Michael Minhong Yu | ||||
| (b). | Address of Principal Business Office or, if None, Residence: | |||
| Tigerstep Developments Limited c/o Michael Minhong Yu No. 6 Hai Dian Zhong Street Haidian District, Beijing 100080 People’s Republic of China | ||||
| Michael Minhong Yu c/o Michael Minhong Yu Haidian District, Beijing 100080 People’s Republic of China | ||||
| (c). | Citizenship: | |||
| Tigerstep Developments Limited — British Virgin Islands Michael Minhong Yu — People’s Republic of China | ||||
| (d). | Title of Class of Securities: | |||
| Common shares, par value US$0.01 per share | ||||
| (e). | CUSIP Number: | |||
| G6470A108 | ||||
| Item 3. | Not Applicable | |||
| Item 4. | Ownership: | |||
| The following information with respect to the ownership of the common shares of the Issuer by each of the reporting persons is provided as of December 31, 2019. The table below is prepared based on 158,540,080 common shares of the Issuer outstanding as of December 31, 2019. | ||||
| Reporting Person |
Amount beneficially owned: |
Percent of class: |
Sole power to vote or direct the vote: |
Shared power to vote or to direct the vote: |
Sole power to dispose or to direct the disposition of: |
Shared power to dispose or to direct the disposition of: |
||||||||||||||||||
| Tigerstep Developments Limited |
20,238,554 | 12.8 | % | 20,238,554 | 0 | 20,238,554 | 0 | |||||||||||||||||
| Michael Minhong Yu |
20,238,554 | 12.8 | % | 20,238,554 | 0 | 20,238,554 | 0 | |||||||||||||||||
| As of December 31, 2019, Tigerstep Developments Limited, a British Virgin Islands company, held 20,238,554 common shares of the Issuer. Tigerstep Developments Limited is wholly owned by Michael Minhong Yu, the executive chairman of the board of directors of the Issuer. Through a trust arrangement, Michael Minhong Yu, together with his family, holds beneficial interest in Tigerstep Development Limited. Pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended, and the rules promulgated thereunder, Michael Minhong Yu may be deemed to beneficially own all of the shares held by Tigerstep Developments Limited. | ||
| Item 5. | Ownership of Five Percent or Less of a Class: | |
| Not applicable | ||
| Item 6. | Ownership of More than Five Percent on Behalf of Another Person: | |
| Not applicable | ||
| Item 7. | IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY | |
| Not applicable | ||
| Item 8. | Identification and Classification of Members of the Group: | |
| Not applicable | ||
| Item 9. | Notice of Dissolution of Group: | |
| Not applicable | ||
| Item 10. | < /td> | Certifications: |
| Not applicable | ||
LIST OF EXHIBITS
| Exhibit No. |
Description | |
| A | Joint Filing Agreement | |
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
| Dated: February 10, 2020 | ||||||
| Tigerstep Developments Limited | By: | /s/ Michael Minhong Yu | ||||
| Name: | Michael Minhong Yu | |||||
| Title: | Director | |||||
| Michael Minhong Yu | /s/ Michael Minhong Yu | |||||
| Michael Minhong Yu | ||||||