On the 2nd, according to Tianyancha's official website, Beijing New Oriental Culture and Tourism Co., Ltd. and its wholly-owned subsidiary Beijing New Oriental Wokaide International Education Travel Co., Ltd. have undergone business changes. Yu Minhong has stepped down as the legal representative of both companies and will be succeeded by Yang Zhihui. According to public information, Yang Zhihui is the Executive President and Chief Financial Officer of New Oriental Education and Technology Group, as well as the President and Legal Representative of New Oriental Culture and Tourism Group.