These pro forma results have been prepared for comparative purpose only and do not purport to be indicative of the results of operations which actually would have resulted had the acquisitions occurred as of June 1, 2017 and 2018, nor is it indicative of future operating results.


	For the years ended May 31,
	2018		2019
	(unaudited)		(unaudited)
	US$		US$
Pro forma net revenues		2,451,735		3,100,364
Pro forma net income attributable to New Oriental Education and Technology Group Inc.		296,697		238,794
Pro forma net income per share – basic		1.88		1.51
Pro forma net income per share – diluted		1.87		1.50

The purchase price was allocated on the date of acquisition as follows:


	US$			Amortization period
Cash		3,571
Other current assets		704
Property and equipment		1,148			1-5 years
Intangible assets
Trademark		1,713			5 years
Student base		2,164			3 years
Goodwill		9,809
Deferred revenue		(5,566	)
Other current liabilities		(1,562	)
Deferred tax liabilities		(969	)

Total		11,012

Purchase Price Allocation

The purchase price was allocated on the date of acquisition as follows:


	US$			Amortization period
Cash		1,321
Other current assets		2,020
Property and equipment		402			1-5 years
Intangible assets
Trademark		1,845			5 years
Student base		4,656			3 years
Goodwill		37,860
Other current liabilities		(3,871	)
Deferred tax liabilities		(1,625	)
Total		42,608

Purchase Price Allocation

The purchase price was allocated on the date of acquisition as follows:


	US$			Amortization period
Cash		1,269
Other current assets		695
Property and equipment		251			1-5 years
Intangible assets
Trademark		2,085			5 years
Student base		1,064			3 years
Goodwill		17,043
Other non-current assets		2,086
Other current liabilities		(4,189	)
Deferred tax liabilities		(787	)
Fair value of the 35% investment		(6,917	)
Total		12,600