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Skillful Craftsman Education Technology Limited is a Cayman Islands holding company whose operations are mainly conducted through subsidiaries in China and Hong Kong, with a strategic shift from vocational training platforms to artificial intelligence skills training, software development and API services via its Hong Kong unit Skilland Digital.
As of March 31, 2026, it had 16,199,451 ordinary shares and 1,000,000 Series A preference shares outstanding. On March 17, 2025, it terminated its VIE contracts with Wuxi Kingway Technology, ending contractual control of that entity. On August 7, 2026, it agreed to sell 100% of Easy Skill Technology Ltd. and its subsidiaries to Penguins Investing Carnival Ltd. for $4.5 million, payable in two installments, of which 20% had been received.
The report emphasizes extensive PRC legal, regulatory, data-security and capital-flow risks, including New Overseas Listing Rules, cybersecurity and data laws, dividend and foreign-exchange controls, and potential U.S. trading prohibitions under the Holding Foreign Companies Accountable Act if PCAOB inspections become restricted. It details intra-group cash flows, RMB–USD exchange assumptions and hypothetical PRC tax leakage on dividends.
Skillful Craftsman Education Technology Limited, through wholly owned subsidiary Skilland Digital Intelligence Limited, entered into a Technology Service and Development Training Agreement with Souche Holdings Ltd. on August 5, 2026. For the term ending August 4, 2027, Skilland Digital will provide AI-based training and support services to Souche’s overseas development personnel, including target market dealer analysis, market data insights, localized communication optimization, market expansion strategy support, and follow-up on training effectiveness. Souche will pay a monthly training and service fee of HK$150,000 (approximately $19,230). Business and learning data generated by Souche will belong to Souche, while software source code, algorithm logic, AI product technical documentation, and related technology will remain the property of Skilland Digital.
Skillful Craftsman Education Technology Limited reports that on June 25, 2026 it signed a Second Amendment Agreement to its Promissory Note Purchase Agreement with a major shareholder and two board members. The change extends the maturity of certain promissory notes from March 31, 2026 to September 30, 2026.
Under the amended terms, the full outstanding principal of these notes, plus any accrued and unpaid interest, will now be due on September 30, 2026. The company also amended and restated the notes to reflect this new maturity date.
Skillful Craftsman Education Technology Limited reports a mid-year change in its independent auditor. On June 22, 2026, HTL International, LLC resigned as the company’s independent registered public accounting firm and will not complete the audit or issue an audit report for the fiscal year ended March 31, 2026.
The company notes that HTL International’s audit report on the March 31, 2025 financial statements was unqualified and that there were no disagreements or reportable events, other than material weaknesses previously reported in the company’s Form 20-F. On June 25, 2026, the Audit Committee approved the engagement of Guangdong Prouden CPAs GP as the new independent registered public accounting firm, and the company states it did not previously consult Prouden CPAs on accounting or auditing matters.
Skillful Craftsman Education Technology Ltd director and Chief Executive Officer Bin Fu reported his initial ownership position. He directly holds 1,000,000 Series A Preference Shares and 330,000 Ordinary Shares of the company.
Each Series A Preference Share is convertible into one Ordinary Share at the holder's option and carries 50 votes at the company’s general meetings, giving these preferred shares significantly higher voting power than ordinary shares.
Skillful Craftsman Education Technology Limited entered into a new Employment Agreement with its Chief Executive Officer, Bin Fu, effective May 1, 2026. The agreement sets a one-year term for his role as CEO.
Under the contract, Mr. Fu will receive a symbolic annual base salary of $1 and will be eligible for an annual cash bonus at the sole discretion of the Board of Directors. The full Employment Agreement is attached as an exhibit and incorporated by reference.
Skillful Craftsman Education Technology Ltd director WANG PENG (GEORGE) filed an initial ownership report showing direct holdings of 9,000 Ordinary Shares. This Form 3 does not reflect any recent purchase or sale; it simply establishes his current equity position as a company insider.
Skillful Craftsman Education Technology Limited entered into a Securities Purchase Agreement with Xuejun Ji for a private sale of 4,000,000 Series B Preference Shares at $0.75 per share, for total proceeds of $3,000,000 to the company.
The purchase price will be funded in four installments between March 31, 2026 and March 31, 2027, with corresponding share issuances at each step. Each Series B Preference Share carries 200 votes at shareholder meetings and is convertible, at the holder’s option, into one ordinary share. The creation and issuance of these Series B shares had already been approved by the board and shareholders at an extraordinary general meeting on October 10, 2025.
Skillful Craftsman Education Technology Limited reported that its subsidiary Shenzhen Qianhai Jisen Information Technology has signed an AI Technology Service and Product Sales Agreement with an auto insurance service company in China. Jisen will provide its AI-powered Communication Skills Learning (CSL) product and related services to support employee training, customer service communication, and sales script optimization.
The agreement runs for 12 months from February 25, 2026 to February 24, 2027, with a monthly service fee of RMB 100,000 (approximately $14,493) before tax. This is the first commercial deployment of the company’s proprietary CSL AI platform with a corporate customer, supporting its strategy to build AI tools focused on communication proficiency and productivity.
Skillful Craftsman Education Technology Limited reported a leadership change in its latest update. The company’s Board of Directors received a resignation letter from Mr. Dawei Chen, who is stepping down as Chief Financial Officer.
Mr. Chen’s resignation is stated to be for personal reasons and will be effective on February 14, 2026. The report is signed on behalf of the company by Chief Executive Officer Bin Fu, confirming the Board’s receipt of the resignation and formalizing this management transition.