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Skillful Craftsman Education Technology ( (EDTK) ) has shared an announcement.
On March 17, 2025, Skillful Craftsman Education Technology Limited announced the termination of its VIE agreements with Wuxi Kingway Technology Co., Ltd. and its shareholders, dismantling the VIE structure established in 2019. This strategic move reflects a shift in market environment and development strategy, allowing Wuxi Kingway to operate independently. Additionally, a loan repayment agreement was reached, with Wuxi Kingway agreeing to repay RMB10.7 million to Craftsman Network by June 2026, marking a significant change in the company’s operational and financial structure.
More about Skillful Craftsman Education Technology
Skillful Craftsman Education Technology Limited operates in the education technology industry, focusing on providing network education technology, consulting, development, and technical services. The company primarily conducts its business through its wholly owned subsidiary, Shenzhen Qianhai Jisen Information Technology Ltd., in China.
YTD Price Performance: -2.88%
Average Trading Volume: 9,227
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $16.09M
Find detailed analytics on EDTK stock on TipRanks’ Stock Analysis page.