Skillful Craftsman Education Announces New Business Initiatives

Rhea-AI Summary

Skillful Craftsman Education Technology (NASDAQ: EDTK) has announced new strategic business initiatives focused on technological innovation in education. The company plans to enhance its offerings through AI integration, development of an intelligent learning platform, and expansion of education technology consulting services.

EDTK has strengthened its management team with two key appointments: Chunyang Yuan as CTO, bringing over 20 years of software development experience, and Jie Ma as CPO, with 12+ years in product management and AI expertise. The company aims to leverage these new hires to drive innovation and expand its product offerings and customer base.

Positive

• Expansion into AI and digital technology services, potentially opening new revenue streams
• Appointment of experienced executives: CTO with 20+ years software experience and CPO with 12+ years product management expertise
• Existing strong relationships with private companies and academic institutions in China for business expansion

Negative

• No specific timeline or financial targets provided for the new initiatives
• Heavy dependence on the Chinese market for existing relationships
• Potential execution risks in transitioning to new business model

Shenzhen, China, May 19, 2025 (GLOBE NEWSWIRE) -- Skillful Craftsman Education Technology Limited ("Skillful Craftsman" or the "Company") (NASDAQ: EDTK), a company focused on advancing technological innovation in education through the digital transformation of educational institutions, today announced new business initiatives designed to propel the Company’s growth.

Mr. Bin Fu, Chief Executive Officer of Skillful Craftsman announced, “Our new business initiatives entail an innovative focus and a new set of business priorities. These include the empowerment of AI and digital technology in education, the building of an intelligent learning platform, and the provision of innovative education technology consulting services. We believe that we have developed a new strategy for the Company to move forward that is aligned with the realities of today’s marketplace.”

Mr. Fu continued, “We live in a new world with evolving technology that will include an increasing use of AI. We plan upon expanding our use of AI and leveraging our experience in providing technology services such as the development of customized software. We have previously executed various projects for private companies and academic institutions in China, and we plan to use our business experience and continued strong relationships for expansion into this new space. We believe that our new business initiatives will result in a highly scalable business as well as opportunities to engage with strategic partners.”

“We are also excited to welcome new members of our management staff to the Company. We are confident that Mr. Chunyang Yuan and Mr. Jie Ma will make a sustainable impact across a range of business initiatives. Their extensive experience in their respective fields will be highly valuable as we innovate and expand our product offerings and customer base.” Mr. Fu concluded.

As previously announced, Skillful Craftsman recently hired two experienced professionals, a Chief Technology Officer (“CTO”) and a Chief Product Officer (“CPO”). Mr. Chunyang Yuan, the Company’s new CTO, is a senior software development engineer with more than 20 years of software development experience, 8 years of working experience in multinational software companies, and more than 10 years of R&D experience. Mr. Jie Ma, the Company’s new CPO, is a senior product expert with over 12 years of experience in product management, and he has been deeply involved in the field of AI and bringing innovative products to life. The Company believes that these new key hires, along with existing personnel and a vital corporate culture, equip the Company to succeed with its new business initiatives.

About Skillful Craftsman Education Technology Limited

Skillful Craftsman Education Technology Limited ("Skillful Craftsman" or the "Company") is focused on advancing technological innovation in education through the digital transformation of educational institutions. The Company’s intelligent learning platforms and teaching management systems help educational organizations achieve more effective teaching, enhanced student outcomes and stronger connections in education communities. The Company is committed to promoting learning innovation through the integration of artificial intelligence and digital technology, and creating efficient, intelligent and sustainable education solutions.

Safe Harbor Statement

This report contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements represent the beliefs, projections, and predictions of the Company about future events. All statements other than statements of historical fact are forward-looking statements. Words such as "may," "will," "should," "could," "would," "predicts," "potential," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and similar expressions, as well as statements in the future tense, identify forward-looking statements. These statements are based on information available at the time they are made and reflect the management's beliefs as of that time. However, they are subject to known and unknown risks, uncertainties, and other important factors that could cause actual results, performance, or achievements to differ materially from any future results, performance, or achievements described in or implied by such statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times by which, or whether, our performance or results may be achieved. The Company disclaims any intention to, and undertakes no obligation to, update or revise any forward-looking statement.

For investor and media inquiries, please contact:

Skillful Craftsman Education Technology Limited
Investor Relations Department
Mello Bai, Corporate Secretary
Email: mello.bai@kingwayedu.cn

FAQ

What are the main business initiatives announced by Skillful Craftsman (EDTK) in May 2025?

EDTK announced three main initiatives: 1) AI and digital technology integration in education, 2) development of an intelligent learning platform, and 3) provision of innovative education technology consulting services.

Who are the new key executives hired by Skillful Craftsman (EDTK)?

EDTK hired Chunyang Yuan as CTO (20+ years software development experience) and Jie Ma as CPO (12+ years product management experience in AI).

How does Skillful Craftsman (EDTK) plan to expand its business?

EDTK plans to expand by leveraging AI technology, developing customized software, and utilizing existing relationships with private companies and academic institutions in China.

What is Skillful Craftsman's (EDTK) strategy for implementing AI in education?

EDTK plans to integrate AI into their educational offerings and develop an intelligent learning platform, though specific implementation details were not provided in the announcement.