05:42 AM EDT, 05/24/2024 (MT Newswires) -- New Oriental Education & Technology Group ( EDU ) said Friday that its board has authorized the company to extend its current share repurchase program for 12 months through May 31, 2025.

The company has so far repurchased about $246.3 million of its American depositary shares under the program and has a remaining authorization of about $153.7 million which has not yet been utilized.