Schedule 13G

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Schedule 13G

(Rule 13d-102)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1 (b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 (b)

(Amendment No.     )*

 

 

New Oriental Education & Technology Group Inc.

(Name of Issuer)

Common Shares

(Title of Class of Securities)

 

 

G6470A 10 8

                                (CUSIP Number)                                

Initial Public Offering – September 7, 2006

(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)

x 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).

(Continued on following pages)

CUSIP NO. G6470A 10 8   Schedule 13 G  

 

  1  

NAME OF REPORTING PERSON            Tigerstep Development Limited

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)            N/A

    
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*  
  (a)  ¨  
    (b)  ¨    
  3   SEC USE ONLY  
         
  4   CITIZENSHIP OR PLACE OF ORGANIZATION  
                British Virgin Islands    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     5    SOLE VOTING POWER
 
                  Tigerstep Development Limited, as the direct record holder of 44,000,000 common                 shares, may be deemed to have sole voting power with respect to these shares.
    6    SHARED VOTING POWER
 
                  See item 5.
    7    SOLE DISPOSITIVE POWER
 
                  Tigerstep Development Limited, as the direct record holder of 44,000,000 common                 shares, may be deemed to have sole dispositive power with respect to these shares.
    8    SHARED DISPOSITIVE POWER
 
                  See item 7.
  9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    
                44,000,000 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  
                30.2%    
12   TYPE OF REPORTING PERSON*  
                CO    

 

CUSIP NO. G6470A 10 8   Schedule 13 G  

 

  1  

NAME OF REPORTING PERSON            Bamei Li

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)            N/A

    
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*  
  (a)  ¨  
    (b)  ¨    
  3   SEC USE ONLY  
         
  4   CITIZENSHIP OR PLACE OF ORGANIZATION  
                People’s Republic of China    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     5    SOLE VOTING POWER
 
 

44,000,000 common shares. Tigerstep Development Limited, a company solely owned and controlled by Ms. Li, may also be deemed to have sole voting power with respect to the above shares.

    6    SHARED VOTING POWER
 
                  203,038 common shares
    7    SOLE DISPOSITIVE POWER
 
 

44,000,000 common shares. Tigerstep Development Limited, a company solely owned and controlled by Ms. Li, may also be deemed to have sole dispositive power with respect to the above shares.

    8    SHARED DISPOSITIVE POWER
 
                  203,038 common shares
  9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    
                44,203,038 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  
                30.4%    
12   TYPE OF REPORTING PERSON*  
                IN    

 

ITEM 1  

(a).

    NAME OF ISSUER:      
     New Oriental Education & Technology Group Inc. (the “Issuer”)      
ITEM 1  

(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 Development Limited      
     Bamei Li      
ITEM 2  

(b).

    ADDRESS OF PRINCIPAL BUSINESS OFFICE, OR, IF NONE, RESIDENCE:      
     Tigerstep Development Limited      
    

c/o Michael Minhong Yu

No. 6 Hai Dian Zhong Street,

Haidian District, Beijing 100080,

People’s Republic of China

      
    

Bamei Li

c/o Michael Minhong Yu

No. 6 Hai Dian Zhong Street,

Haidian District, Beijing 100080,

People’s Republic of China

      
ITEM 2  

(c)

    CITIZENSHIP:      
     Tigerstep Development Limited – British Virgin Islands      
     Bamei Li – PRC      
ITEM 2  

(d).

    TITLE OF CLASS OF SECURITIES:      
     Common Shares      
ITEM 2  

(e).

    CUSIP NUMBER:      
     G6470A 10 8      
ITEM 3.     

Not Applicable

      

ITEM 4.    OWNERSHIP:      
   The following information with respect to the ownership of the Common Shares of the Issuer by the Reporting Person is provided as of December 31, 2006:   

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 Development Limited

    44,000,000    30.2 %   44,000,000    0    44,000,000    0

Bamei Li

    44,203,038    30.4 %   44,000,000    203,038    44,000,000    203,038
   Tigerstep Development Limited, a British Virgin Islands company, is the record owner of 44,000,000 common shares of the Issuer. Bamei Li is the sole owner and director of Tigerstep Development Limited. Pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the rules promulgated thereunder, Bamei Li may be deemed to beneficially own all of the shares held by Tigerstep Development Limited.   
   Capital River Group Limited, a British Virgin Islands company, holds common shares in trust for approximately 300 employees of the Issuer. Capital River Group Limited holds 203,308 common shares on behalf of Bamei Li. Baimei Li may be deemed to beneficially own these shares held by Capital River Group Limited.   
   Bamei Li and Michael Minhong Yu are mother and son, and may be deemed to share beneficial ownership of the shares held by each other. Bamei Li and Michael Minhong Yu both expressly disclaim such beneficial ownership of the shares beneficially owned by Bamei Li.   
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.    CERTIFICATION:      
   Not applicable      

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 14, 2007

 

Tigerstep Development Limited

   By:  

/s/ Bamei Li

  Name:   Bamei Li
  Title:   Director

Bamei Li

  

/s/ Bamei Li

  Bamei Li

LIST OF EXHIBITS

 

Exhibit No.   

Description

               
A    Joint Filing Agreement