About Us

We are a leading online extracurricular education service provider in China, with a comprehensive portfolio of well-recognised brands and core expertise in after-school tutoring and test preparation. We are the largest comprehensive online after-school tutoring and test preparation service provider in China in 2017 in terms of revenue, accounting for 0.63% of the total revenue of online after-school tutoring and test preparation market in China, according to the F&S Report. Our business was established in 2005 by New Oriental, a pioneer in China’s private education industry with over two decades of experience and the largest private education service provider in China in 2017 in terms of revenue.

Stock Information

Corporate Governance

  • Corporate Governance
  • Board of Directors
Below is a summary of structure and membership information of our Board and committee.
Chairman of the Board Independent Director Chairperson Member
Audit Committee Remuneration Committee Nomination Committee
SUN Dongxu
SUN Chang
YIN Qiang
YU Minhong
WU Qiang
LEUNG Yu Hua Catherine
LIN Zheying
TONG Sui Bau
KWONG Wai Sun Wilson

Mr. YU MinhongChairman of Koolearn

Mr. YU Minhong is the founder of our company and has served as the executive chairman of our board of directors since 2001. He was also our chief executive officer from 2001 to September 2016. In addition to his roles in our company, Mr. Yu also serves as vice chairman of the Beijing Young Entrepreneurs Association and vice chairman of the Committee of Education of the Central Committee of the China Democratic League.
Prior to founding our first school in 1993, Mr. Yu was an English instructor at Peking University from 1985 to 1991. Mr. Yu received his bachelor’s degree in English from Peking University.

  • Mr. SUN Dongxu Executive Director,CEO
    Mr. Sun, is an executive Director and our Company’s chief executive officer. Mr. Sun is also the co-chief executive officer and director of Beijing Xuncheng, since January 2019 and September 2019, respectively, and has been the director of Dexin Dongfang since August 2019. Prior to this, Mr. Sun was the principal of Xi’an New Oriental School from April 2016 to July 2018, and the regional president of Northwestern China of New Oriental China from April 2016 to May 2018. Mr. Sun began his career with the New Oriental Group (which, at the time, included our Group) as a teacher in the foreign exams department of Tianjin New Oriental School from June 2007 to June 2008. Between June 2008 and April 2016, Mr. Sun worked at Hefei New Oriental School, beginning as the assistant supervisor of the foreign examination department, from June 2008 to June 2009, and moving through various positions within the school to ultimately acting as the assistant principal, from March 2012 to October 2013, and principal, from October 2013 to April 2016. Aside from our Group, Mr. Sun has been the vice-president of New Oriental China since April 2019, and was previously the assistant vice-president of New Oriental China from April 2016 to April 2019. Mr. Sun received his bachelor’s degree in engineering, majoring in computer science and technology, from Nankai University (南開大學), China, in June 2007.

  • Mr. YIN Qiang Executive Director,CFO
    Mr. Yin joined New Oriental Group in 2005 and served as CFO. Mr. Yin became the CFO of our company in 2016. Mr. Yin has outstanding background in financial management and investor relation. Prior to joining New Oriental group, Mr. Yin worked at PwC and Sinovatech. Mr. Yin graduated from the MBA program of Peking University.

  • Ms. SUN Chang Non-executive Director
    Ms. Sun joined our company in 2004 and is in charge of the overall management  since then. Under her outstanding leadership, our company has gained sustainable growth. Ms. Sun has rich experience in online education business and corporation management, and is generally acknowledged as the leading role in online education business. Before Ms. Sun joined us, she served at China Unicom, Microsoft, and GE. Ms. Sun received her MBA at Renmin University of China.

  • Mr. WU Qiang Non-executive Director
    Mr. Wu joined New Oriental Group in 1999 and was the principal of New Oriental Beijing school. Mr. Wu serves as the Vice President now. Before his career in New Oriental Group, Mr. Wu worked at Founder. Mr. Wu graduated from Chinese Academy of Science with a master’s degree.

  • Ms. LEUNG Yu Hua Catherine Non-executive Director
    Ms. Leung received her bachelor of science in economics from the Wharton School of the University of Pennsylvania. Ms. Leung is currently the vice-general manager of the strategy development department at Sixjoy Hong Kong Limited, a subsidy of Tencent, and served as a senior research analyst at Arete Research Services L.L.P. (from November 2012 to June 2013) and an executive director in the investment research division at Goldman Sachs (Asia) L.L.C. (from August 2010 to November 2012).

  • Mr. LIN Zheying Independent non-executive director
    Mr. Lin, aged 55, is an independent non-executive Director, chairman of the Remuneration Committee, and member of the Nomination Committee, with effective from 20 January 2020. Prior to this appointment, Mr. Lin did not hold any positions within our Group. Mr. Lin received his bachelor’s degree majoring in planning statistics from the Shanxi College of Finance and Economics (currently known as the Shanxi University of Finance and Economics), China, in July 1987, a master’s degree in business administration from the Guanghua School of Management, Peking University in China, in July 2006, and a doctoral degree in business administration from ESC Rennes School of Business, France, in June 2008. Aside from our Group, Mr. Lin served as a director of Shenzhen Fengchao Technology Limited, from November 2016 to December 2017; and has been serving as a vice-chairperson of S.F. Holdings (Group) Co. Ltd., since June 2014, and an executive director of Ancient Jade Capital Management Co., Ltd., since January 2011. Aside from our Company, Mr. Lin also holds, or have held within the past three years, directorships in the following listed companies: (i) executive director and vice-chairperson of S.F. Holding Co., Ltd., a company listed on the Shenzhen stock exchange (stock code: 002352), since March 2017; (ii) independent non-executive director of Shanghai Dongzheng Automotive Finance Co., Ltd., a company listed on the Hong Kong Stock Exchange (stock code: 2718), since August 2018; (iii) executive director of C Y Foundation Group Ltd. (currently known as Success Dragon International Holdings Ltd, a company listed on the Hong Kong Stock Exchange with stock code: 1182), between February 2013 and March 2015.

  • Mr. TONG Sui Bau Independent non-executive director
    Mr. Tong, aged 47, is an independent non-executive Director, chairman of the audit committee, and member of the remuneration and nomination committees. He is also an independent non-executive director of Beijing Xuncheng (since 2016). Mr. Tong received his bachelor’s degree in accounting with an additional concentration in computer science from the University of Wisconsin, Madison, U.S., in May 1993. Mr. Tong was previously a member of the American Institute of Certified Professional Accountants (AICPA) (from 1995 to 2009) and Chartered Financial Analyst (from 1999 to 2009). Mr. Tong is a director (since 1999) of, is currently a non-executive director of (since 2009) and was previously an executive director (from 2003 to 2009) and co-chief operating officer (from 2004 to 2009) of, NetEase Inc., a company listed on NASDAQ under the symbol “NTES”.

  • Mr. KWONG Wai Sun Wilson Independent non-executive director
    Mr. Kwong, aged 53, is an independent non-executive Director and member of the audit committee. He has appropriate professional accounting or related financial management experience for the purpose of Rule 3.10(2) of the Listing Rules through his experiences below. Mr. Kwong is an associate member of the Institute of Chartered Accountants in England and Wales. Mr. Kwong received his bachelor of arts degree from the University of Cambridge, United Kingdom, in June 1987. Mr. Kwong is an executive Director of China Metal Recourses Utilisation Limited, a company listed on the Stock Exchange (stock code: 1636) (since August 2013). Mr. Kwong also acts as an independent non-executive director for Shunfeng International Clean Energy Limited, a company listed on the Stock Exchange (stock code: 1165) (since July 2014), C.banner International Holdings Limited, a company listed on the Stock Exchange (stock code: 1028) (since August 2011), China Outfitters Holdings Limited, a company listed on the Stock Exchange (stock code: 1146) (since June 2011), and China New Higher Education Group Limited, a company listed on the Stock Exchange (stock code: 2001) (since March 2017). Mr. Kwong was the president of Gushan Environmental Energy Limited, a company listed on the NYSE under the symbol “GU” (from December 2007 to October 2012). Prior to this, he was a managing director in the investment banking division and the head of Hong Kong and China equity capital markets at CLSA Equity Capital Markets Limited (from March 2004 to July 2006). Mr. Kwong was a director (from 2002 to 2003), and the general manager of the corporate finance division (from 1997 to 2003) for Cazenove Asia Limited.

Governance Documents

Financial Report

Announcements

Press Release

Analyst Coverage

Firm Analyst E-Mail
86 Research Joy Wei joy@86research.com
BOCI Research Limited Tina Li tinat.li@bocigroup.com
CCB International Eric Qiu ericqiu@ccbintl.com
ChangJiang Securities Gang Zhao zhaogang@cjsc.com.cn
China Galaxy International Lei Yang yanglei@chinastock.com.hk
China International Capital Corporation Kai Qian kai.qian@cicc.com.cn
China International Capital Corporation Liping Zhao liping.zhao@cicc.com.cn
China International Capital Corporation Zhonghai Yu zhonghai.yu@cicc.com.cn
China Merchants Securities (HK) Crystal LI crystalli@cmschina.com.hk
China Merchants Securities (HK) Tommy Wong tommywong@cmschina.com.hk
China Renaissance Alex Liu alexliu@chinarenaissance.com
China Securities Le Ye Yele@csc.com.cn
Citi Research Mark Li mark.li@citi.com
Citic Securities Chongguang Feng fengchongguang@citics.com
Citic Securities Mandy Jiang jiangya@citics.com
Daiwa Capital Markets Candis Chan candis.chan@hk.daiwacm.com
Daiwa Capital Markets John Choi john.choi@hk.daiwacm.com
DBS Bank (HK) Limited Manyi Lu manyilu@dbs.com
Deutsche Bank AG Vitus Leung vitus.leung@db.com
Everbright Securities Changhao Jia jiachanghao@ebscn.com
Everbright Securities Co.,Ltd Kai Liu kailiu@ebscn.com
First Shanghai Group Tracy Dan Tracy.dan@firstshanghai.com.hk
Founder Securities Renwen Yang yangrenwen@foundersc.com
GF Securities Shi Kuang Kuangshi@gf.com.cn
Goldman Sachs (Asia) L.L.C. Christine Cho christine.cho@gs.com
Guolian Securities Yi Xu xuyi@glsc.com.cn
Guosen Securities(HK) Vivian Yang Vivian.yang@guosen.com.hk
Guotai Junan HK Tony Wang tony.wang@gtjas.com.hk
GuoYuan International Chengru Li licr@gyzq.com.hk
JP Morgan Derek Choi derek.c.choi@jpmorgan.com
Morgan Stanley Elsie Sheng Elsie.Sheng@morganstanley.com
Morgan Stanley Sheng Zhong Sheng.Zhong@morganstanley.com
New Times Securities Xuanjie Yao yaoxuanjie@xsdzq.cn
Nomura Jessie Xu jessie.xu@nomura.com
Nomura Jialong Shi Jialong.shi@nomura.com
Orient Securities Wenqian Xiang xiangwenqian@orientsec.com.cn
Sinolink Securities Jincao Wu wujc@gjzq.com.cn
SOOCHOW Securities Li Ma mal@dwzq.com.cn
UBS Felix Liu felix-a.liu@ubssecurities.com
Zhongtai Securities Xinyue Fan fanxy@r.qlzq.com.cn

Disclaimer:
Koolearn Technology Holding Limited(“Koolearn”) is followed by the analyst(s) listed above. Please note that any opinions, estimates, forecasts, or recommendations regarding Koolearn's performance made by these analysts are theirs alone and do not represent the opinions, estimates, or forecasts of Koolearn or its management. Koolearn does not, by its reference above or distribution, imply its endorsement of or concurrence with such opinions, estimates, forecasts, or recommendations.

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