Recent Updates — EDTK
Skillful Craftsman Education Technology Limited entered into a Share Purchase Agreement on October 10, 2026, to acquire a 70% controlling interest in Singapore-based casual game developer and publisher URAY PTE. LTD. The company will issue 500,000 restricted ordinary shares to the seller, Liu Qingwu, with restrictions lapsing after one year. An additional performance earn-out pool of 2,500,000 shares is established for URAY's management based on revenue and EBITDA targets over three years. The company will also provide up to US$2 million in unsecured shareholder loans. Closing is expected in the fourth quarter of 2026, subject to customary conditions including Nasdaq approvals. Skillful Craftsman Education Technology Limited specializes in educational technology innovation, artificial intelligence skills training, and digital transformation for educational institutions.
On August 5, 2026, Skilland Digital Intelligence Limited, a wholly owned subsidiary of Skillful Craftsman Education Technology Limited, entered into an AI Technology Service and Development Training Agreement with Souche Holdings Ltd. Under the agreement, which runs from August 5, 2026, to August 4, 2027, Skilland Digital will provide training and support services for overseas development personnel based on AI insights, including market analysis and strategy support. The monthly fee is HK$150,000 (approximately $19,230). Souche Holdings retains ownership of business data generated during the service, while Skilland Digital retains its software source code and algorithms. This company operates in the education technology industry.
On June 25, 2026, Skillful Craftsman Education Technology Limited entered into a Second Amendment Agreement with major shareholder Xuejun Ji, director Peng Wang, and Chairman/CEO Bin Fu. The agreement extends the maturity date of certain promissory notes from March 31, 2026, to September 30, 2026. All outstanding principal and accrued unpaid interest are now due on this amended maturity date. The company operates in the education technology industry, providing vocational training and educational services.
On June 22, 2026, HTL International, LLC resigned as the independent registered public accounting firm for Skillful Craftsman Education Technology Limited, effective immediately. The resignation prevents HTL International from completing the audit or issuing an audit report for the fiscal year ended March 31, 2026. The company reported no disagreements with the outgoing auditor regarding accounting principles or auditing scope, though material weaknesses were previously disclosed in an August 8, 2025, filing. On June 25, 2026, the Audit Committee approved the engagement of Guangdong Prouden CPAs GP as the new independent registered public accounting firm. Skillful Craftsman Education Technology Limited provides vocational education and training services.