New Oriental Branch was fined 92,000 yuan for running schools without a license. Previously, a company was suspected of "changing vests" discipline training
Recently, the Fourth Branch of Xuhui, Shanghai New Oriental Education and Training Co., Ltd., was fined about 92,000 yuan by the Xuhui District Market Supervision and Administration Bureau for engaging in subject-based education and training activities without permission. The specific reason for the punishment is to unauthorizedly hold a training institution belonging to private schools (running schools without a license).
On October 20, Jiupai News called the Xuhui Fourth Branch of Shanghai New Oriental Education and Training Co., Ltd. on this matter, and Shanghai New Oriental Education and Training Co., Ltd., but the phone was not connected.
(Details of administrative penalties Photo/ Tianyancha )
Industrial and commercial information shows that the Fourth Branch of Xuhui of Shanghai New Oriental Education and Training Co., Ltd. was established in 2021 and is controlled by New Oriental Education Technology Group Co., Ltd. 100%, and Yu Hongmin is the ultimate beneficiary of the company.
The company is a company mainly engaged in the retail industry, but its business license scope also includes: for-profit private training institutions that implement subject training for primary and secondary school students; for-profit private training institutions that implement language training for primary and secondary school students (projects that require approval according to law can only carry out business activities after approval by relevant departments. The specific business projects shall be subject to the approval documents or licenses of relevant departments). After the promulgation of the " double reduction " policy, New Oriental issued an announcement stating that the company plans to no longer provide subject-related training services (K-9 subject-type training services) to kindergartens to ninth grade students by the end of 2021. But in fact, New Oriental still has illegal tutoring in some places.
According to the report of High News, in June this year, Nanchang New Oriental was suspected of "changing vests" and carrying out paid extracurricular tutoring. According to reports, the reporter consulted New Oriental's admissions teachers as parents. When the reporter asked whether to recruit primary school students for training for off-campus teachers, an admissions teacher named He said that the spring class is basically over and is recruiting summer classes, involving primary and secondary school courses. "It's just that the course name has been changed, and it's called literacy courses."
html In March, Beijing New Oriental Xuncheng Network Technology Co., Ltd. was fined 400,000 yuan by the Haidian District Market Supervision and Administration Bureau of Beijing for suspected of using false or misunderstood price means to lure consumers into transactions.In fact, New Oriental, which is popular with "teaching" live streaming, is still difficult to transform. New Oriental's first half of the fiscal year 2021-2022 showed that its net loss in half a year was US$908 million, or approximately RMB 5.745 billion; holding cash, cash equivalents and restricted cash was US$1.05 billion, a decrease of nearly US$1.6 billion, or approximately RMB 10 billion. This is the first financial report of performance loss since New Oriental went public in 2004.
Jiupai News Li Li
[Source: Jiupai Finance]
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