it House reported on August 2 that Dong Yuhui, the anchor of Oriental Selection, officially announced his resignation on July 25 this year. He and Hui Peer will operate independently. This news triggered heated discussions among netizens at the time.
html On July 31, at New Oriental’s fourth quarter financial report conference call for fiscal year 2024, Yang Zhihui, executive president and chief financial officer of New Oriental Education Technology Group, responded whether Dong Yuhui would be paid related costs and expenses. He said that this fee would be paid in the first quarter of this fiscal year. It will be incurred in the fourth fiscal quarter and the first fiscal quarter of the next fiscal year. The specific amount will be announced at the next earnings call, but this is a one-time expenditure.New Oriental issued a statement today. When an analyst asked about the related costs and fees paid by the company to Teacher Dong Yuhui, he used the term one-time compensation. This expression, , has been misunderstood by some people as the one-time resignation compensation given to Mr. Dong Yuhui by New Oriental Group in order to fire him.
New Oriental stated in a statement that the separation of Yuhui Peer from Oriental Selection was the result of friendly consultations and consensus between the two parties, and there was no talk of dismissal. The company arranged to pay all the income of "Pong with Hui" since its establishment, as well as all the funds related to the equity transfer of "Pong with Hui" to Mr. Dong Yuhui. is to support the continued development of Mr. Dong Yuhui and "Pong with Hui" in the future, and Not severance package .
it Home noticed that Yu Minhong, the founder of New Oriental and CEO of Oriental Selection, posted on July 25 that:
and Hui Peer will be independent. In order to express my gratitude to Yuhui, in addition to paying all the promised benefits, I have sincerely requested The board of directors and the remuneration committee have agreed, and will award all the net profits of Hui Peer to Yuhui . At the same time, Yuhui holds the equity purchase money required by Hui Peer, and I also arrange the payment in a manner that complies with the rules of listed companies and the company's articles of association. In order to ensure the normal operation of Hehui Peer's business, Dongfang Selection, with the approval of the board of directors, will deliver the developed information system to Hehui Peer for free for use.
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