Skillful Craftsman Education Technology Ltd (EDTK) Form 20-F — Aug 12, 2026
Skillful Craftsman Education Technology (EDTK) filed its 20-F annual report for the fiscal year ended March 31, 2026, disclosing that its VIE agreements with Wuxi Kingway Technology Co., Ltd. were terminated on March 17, 2025, ending the WOFE's control over the former VIE and its business operations. On August 7, 2026, the company signed a Share Purchase Agreement to sell 100% of Easy Skill Technology Ltd. and all of its subsidiaries to Penguins Investing Carnival Ltd., a BVI company, for $4.5 million, payable 20% within 5 business days (already received) and 80% within one year of the agreement.
Key figures
- Deal Value Usd
- 4500000
- Shares Outstanding
- 16199451
- Par Value
- $0.0002 per share
- Fiscal Year End
- March 31, 2026
- Dividend Policy
- No dividends ever declared or paid; none anticipated
- Vie Loan Repayment
- RMB 4.0 million (approximately $582,098) cumulatively transferred by WOFE to VIE through March 31, 2026
- Cash Paid By VIETo WOFEFY2024
- 12173
- Cash Paid By WOFETo VIEFY2024
- 2488
- Purchase Price Installments
- 20% within 5 business days of the Agreement; 80% within 1 year
- Preference Shares Outstanding
- 1000000
- Purchase Price Received To Date
- 20% of the $4.5 million Purchase Price
- Cash Paid Cayman To HKSubsidiary FY2025
- 3704
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