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Skillful Craftsman Education Technology Limited reported the immediate resignations of two senior executives. On January 13, 2026, the Board received resignation letters from Chief Product Officer Jie Ma and Chief Technology Officer Chunyang Yuan, each leaving their roles effective immediately. The company stated that each resignation was not due to any disagreement with the company or its management.
Skillful Craftsman Education Technology Limited reported unaudited results for the six months ended September 30, 2025, showing no revenue from continuing operations and a net loss of $1,000,714, or $0.06 per ordinary share. The company has shifted from online education delivered through a variable interest entity to educational technology innovation, artificial intelligence skills training, and digital transformation services, now mainly conducted through its Shenzhen Jisen subsidiary.
Cash declined to $567,533 from $1,217,968, and management disclosed a working capital deficit of $1,416,332 and negative operating cash flows of $1,011,462, leading to “substantial doubt” about its ability to continue as a going concern. Results were supported by $888,398 of investment income from a long‑term stake in Fujian Pingtan Ocean Fishery Group, while operating expenses remained high at $1,242,818, driven largely by general and administrative costs.
During the period the company issued 1,000,000 Series A preferred shares to its CEO and relied on a $1,000,000 promissory note from key managers at a 6% rate, extended to March 31, 2026, highlighting dependence on related‑party financing as it restructures its business.
Skillful Craftsman Education Technology Limited reported a leadership change. On November 17, 2025, the Board of Directors received a resignation letter from Mr. Bill Tang, who resigned from his role as Chief Strategy Officer of the company, effective the same day. The company states that Mr. Tang resigned for personal reasons and that his departure is not due to any disagreement with the company or its management.
Skillful Craftsman Education Technology Limited reported the results of its extraordinary general meeting. Shareholders approved designating 4,000,000 authorised but unissued shares as Series B Preference Shares, each carrying 200 votes per share, subject to the Certificate of Designation. Immediately following that designation becoming effective, shareholders also approved a Securities Purchase Agreement with Mr. Xuejun Ji and the issuance of 4,000,000 Series B Preference Shares to him pursuant to that agreement.
The company stated that, as of this report, it has not entered into the agreement with Mr. Ji and no Series B Preference Shares have been issued. These approvals outline the capital and voting structure changes that may occur once the designation is effective and the agreement is executed.
Skillful Craftsman Education Technology Limited renewed the employment agreements for its top two executives. On October 1, 2025, the company signed a one-year agreement with Chief Executive Officer Bin Fu, providing an annual salary of $60,000, payable quarterly, plus eligibility for an annual cash bonus at the board’s discretion. The same day, it entered into a parallel one-year agreement with Chief Financial Officer Dawei Chen, also with a $60,000 annual salary paid quarterly and potential annual cash bonus determined solely by the board.
Skillful Craftsman Education Technology Limited submitted a Form 6-K as a foreign private issuer, providing materials for an upcoming extraordinary general meeting of shareholders. The report primarily furnishes the company’s extraordinary general meeting and proxy statement and an associated proxy card as exhibits.
The filing is signed on behalf of Skillful Craftsman by Chief Executive Officer Bin Fu, indicating the company’s formal authorization of these shareholder meeting materials.
Skillful Craftsman Education Technology Limited filed its Form 20-F reporting a March 31, 2025 fiscal year end. On March 17, 2025 the company terminated its VIE agreements with Wuxi Kingway Technology Co., Ltd., and the VIE was deconsolidated; the filing states the VIE contributed 91%, 100% and 13% of consolidated revenue for fiscal years 2023, 2024 and 2025, respectively, and 0% of consolidated assets and liabilities as of March 31, 2025.
The consolidated results show continued losses: a net loss of $7,581,452 for FY2025 (compared with losses of $4,722,146 in FY2024 and $20,906,985 in FY2023). Total revenue for FY2025 was $1,024,305. Cash and cash equivalents totaled $1,217,968 as of March 31, 2025. The company states it prepares financial statements in U.S. GAAP, has a U.S.-based auditor (HTL International, LLC), and discloses material regulatory and data security risks related to PRC operations.