Amendment No. 4 to Schedule 13G

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 4)*

New Oriental Education & Technology Group Inc.
(Name of Issuer)
Common Shares
(Title of Class of Securities)
G6470A108
(CUSIP Number)
December 31, 2010
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

     o Rule 13d-1(b)

     o Rule 13d-1(c)

     þ 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 the disclosures provided in a prior cover page.

The information required in 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).

 
 

 

                     
CUSIP No.
  
G6470A108 
  

 

           
1   NAMES OF REPORTING PERSONS
Tigerstep Developments Limited (“Tigerstep”)
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  The British Virgin Islands
       
  5   SOLE VOTING POWER
     
NUMBER OF   28,400,000 common shares. Tigerstep may be deemed to have sole voting power with respect to these shares. Bamei Li may also be deemed to have sole voting power with respect to the above shares.
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   28,400,000 common shares. Tigerstep may be deemed to have sole voting power with respect to these shares. Bamei Li may also be deemed to have sole voting power with respect to the above shares.
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  28,400,000 common shares
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  18.5%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  CO

Page 2 of 7 Pages

 

                     
CUSIP No.
  
G6470A108 
  

 

           
1   NAMES OF REPORTING PERSONS
Bamei Li
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
  (a)   o
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  The People’s Republic of China
       
  5   SOLE VOTING POWER
     
NUMBER OF   28,400,000 common shares. Tigerstep may be deemed to have sole voting power with respect to these shares. Bamei Li may also be deemed to have sole voting power with respect to the above shares.
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   28,400,000 common share. Tigerstep may be deemed to have sole voting power with respect to these shares. Bamei Li may also be deemed to have sole voting power with respect to the above shares.
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  28,400,000 common shares
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  18.5%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN

Page 3 of 7 Pages

 

                     
CUSIP No.
  
G6470A108 
      
 
      
 
     
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 Developments Limited
 
    
 
  Bamei Li
 
    
ITEM 2(b).
  ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
 
    
 
  Tigerstep Developments 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 Developments Limited — British Virgin Islands
 
    
 
  Bamei Li — People’s Republic of China
 
    
ITEM 2(d).
  TITLE OF CLASS OF SECURITIES:
 
    
 
  Common Shares
 
    
ITEM 2(e).
  CUSIP NUMBER:
 
    
 
  G6470A108 
 
    
ITEM 3.
  Not Applicable

 

Page 4 of 7 Pages

 

                     
CUSIP No.
  
G6470A108 
      
 
      
 
     
ITEM 4.
  OWNERSHIP:
 
    
 
  The following information with respect to the ownership of the Common Shares of the issuer by each of the reporting persons is provided as of December 31, 2010:
                                                 
                    Sole     Shared              
                    power to     power to     Sole power to     Shared power  
    Amount             vote or     vote or to     dispose or to     to dispose or  
    beneficially     Percent     direct     direct     direct the     to direct the  
Reporting Person   owned:     of class:     the vote:     the vote:     disposition of:     disposition of:  
Tigerstep Developments Limited
     28,400,000       18.5 %     28,400,000       0       28,400,000       0  
 
Bamei Li
     28,400,000       18.5 %     28,400,000       0       28,400,000       0  
     
 
  As of December 31, 2010, Tigerstep Developments Limited, a British Virgin Islands company, was the beneficial owner of 28,400,000 common shares of the Issuer. Bamei Li is the sole owner and director of Tigerstep Developments 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 Developments Limited.
 
    
 
  Bamei Li and Michael Minhong Yu are mother and son. Michael Minhong Yu may be deemed to have beneficial ownership of the shares held by Bamei Li. Michael Minhong Yu expressly disclaims 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

 

Page 5 of 7 Pages

 

                     
CUSIP No.
  
G6470A108 
      
 
      
 
     
ITEM 8.
  IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
 
    
 
  Not applicable
 
    
ITEM 9.
  NOTICE OF DISSOLUTION OF GROUP:
 
    
 
  Not applicable
 
    
ITEM 10.
  CERTIFICATIONS:
 
    
 
  Not applicable

 

Page 6 of 7 Pages

 

                     
CUSIP No.
  
G6470A108 
      
 
      
 
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 9, 2011
         
Tigerstep Developments Limited By:   Bamei Li    
    Name:   Bamei Li   
    Title:   Director   
     
Bamei Li   Bamei Li    
    Bamei Li   

 

Page 7 of 7 Pages

 

LIST OF EXHIBITS
     
Exhibit No.   Description
 
    
A
  Joint Filing Agreement