Skillful Craftsman Education Technology Ltd

Skillful Craftsman Education Technology Ltd operates in China and Hong Kong through its subsidiaries. Historically, its variable interest entity (VIE), Wuxi Wangdao, provided online education and technology services in China. Since its inception in 2013, Wuxi Wangdao focused on vocational education, offering training courses in subjects like mechanics, electronics, auto repair, and construction. Its online education services included online vocational training, providing access to pre-recorded courses, and virtual simulation experimental training. Wuxi Wangdao also offered technology services, such as software development and comprehensive cloud services, to private companies, academic institutions, and government agencies in the People's Republic of China. Due to decreased demand and market changes in online education services in China, the company began transitioning from online education services to educational technology innovation, artificial intelligence skills training, and the digital transformation of educational institutions at the end of 2024. Jisen Information, a wholly-owned subsidiary of the company's wholly foreign-owned enterprise (WOFE), conducted most of the new business in China and recently launched its communication enrichment app 'Sesame Chat' on iOS platforms in China. This app uses proprietary AI technology to analyze communication contexts and relationship dynamics. As 'Sesame Chat' did not achieve its business goal, the company decided to expand its international presence and explore new growth opportunities through its newly established subsidiary, Skilland Digital. Skilland Digital will focus on four new business directions: software development, artificial intelligence technology services, API interface services, and related product sales. The company's revenue was $1.99 million in the fiscal year 2024, $1.02 million in the fiscal year 2025, and $0.01 million in the fiscal year 2026.