Skillful Craftsman (EDTK) CEO Bin Fu accepts new one-year contract with $1 salary
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
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.
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Key Figures
CEO annual base salary: $1 per year
Agreement term: one year
Agreement effective date: May 1, 2026
+1 more
4 metrics
CEO annual base salary
$1 per year
Compensation for CEO Bin Fu under Employment Agreement
Agreement term
one year
Duration of CEO Employment Agreement
Agreement effective date
May 1, 2026
Start date of CEO Employment Agreement
Exhibit number
10.1
Employment Agreement filed as exhibit
Key Terms
Employment Agreement, annual cash bonus, foreign private issuer, Form 6-K
4 terms
Employment Agreement financial
"entered into an Employment Agreement (the “Agreement”) with Mr. Bin Fu"
annual cash bonus financial
"will be eligible for an annual cash bonus in the Board’s sole discretion"
foreign private issuer regulatory
"REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16"
A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.
Form 6-K regulatory
"FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER"
A Form 6-K is a report that companies listed in certain countries file to provide important updates, such as financial results, corporate changes, or other significant information, to regulators and investors. It functions like an official company update or news release, helping investors stay informed about developments that could affect their investment decisions.
FAQ
What did Skillful Craftsman (EDTK) announce regarding its CEO Bin Fu?
Skillful Craftsman Education Technology Limited entered into a new one-year Employment Agreement with CEO Bin Fu effective May 1, 2026. The agreement formalizes his continued service as chief executive and sets out his compensation structure, including a symbolic base salary and potential bonus.
What is the salary for Skillful Craftsman (EDTK) CEO Bin Fu under the new agreement?
Under the new Employment Agreement, CEO Bin Fu will receive an annual base salary of $1. This nominal salary structure is explicitly stated in the contract, with additional potential compensation only through a discretionary annual cash bonus determined by the Board of Directors.
Is Skillful Craftsman (EDTK) CEO Bin Fu eligible for a bonus?
Yes. The Employment Agreement states that CEO Bin Fu is eligible for an annual cash bonus. Any bonus amount will be determined entirely at the Board’s sole discretion, meaning there is no guaranteed bonus level or formula provided in the disclosed summary.
How long is the new CEO Employment Agreement at Skillful Craftsman (EDTK)?
The Employment Agreement for CEO Bin Fu has a one-year term, starting May 1, 2026. This defined term specifies the period during which he will serve under the current contractual conditions, subject to any future renewals, amendments, or replacement agreements not described here.
When did the new Employment Agreement for Skillful Craftsman (EDTK) CEO become effective?
The Employment Agreement for CEO Bin Fu became effective on May 1, 2026. This effective date marks the start of the one-year term during which the disclosed compensation structure, including the $1 annual salary and discretionary bonus eligibility, will apply.
Where can investors find the full Employment Agreement for Skillful Craftsman (EDTK) CEO?
The full Employment Agreement between Skillful Craftsman Education Technology Limited and CEO Bin Fu is filed as Exhibit 10.1 to the report. It is incorporated by reference, meaning investors can review complete contract terms in that exhibit for detailed provisions.