Skillful Craftsman Director Resigns from Key Committees

TL;DR

Skillful Craftsman director Steven Sim has resigned from the board and its key committees, effective immediately.

AI Summary

On September 19, 2024, Skillful Craftsman Education Technology Limited's Board of Directors accepted the resignation of Mr. Steven Yuan Ning Sim from his roles as a Board member, Chairman of the Audit Committee, and member of the Compensation and Nominating and Corporate Governance Committees. The resignation was effective immediately upon receipt of his letter.

Why It Matters

The departure of a director, especially from key committee roles like Audit and Compensation, can signal internal changes or strategic shifts within the company that may impact governance and future decisions.

Risk Assessment

Risk Level: medium — The resignation of a director from multiple key committees, including the Audit Committee, can raise concerns about corporate governance and potential internal issues.

Key Players & Entities

• Skillful Craftsman Education Technology Limited (company) — The company filing the report.
• Steven Yuan Ning Sim (person) — Director who resigned.
• Board of Directors (company) — The governing body that received the resignation.
• Audit Committee (company) — Committee from which Steven Sim resigned as Chairman.
• Compensation Committee (company) — Committee from which Steven Sim resigned as a member.
• Nominating and Corporate Governance Committee (company) — Committee from which Steven Sim resigned as a member.
• September 19, 2024 (date) — Date the resignation letter was received.

FAQ

Filing Documents

• form6-k.htm (6-K) — 25KB
• ex10-1.htm (EX-10.1) — 32KB
• 0001493152-24-037814.txt ( ) — 58KB

From the Filing

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of September 2024 Commission file number: 001-39360 SKILLFUL CRAFTSMAN EDUCATION TECHNOLOGY LIMITED Floor 4, Building 1, No. 311, Yanxin Road Huishan District, Wuxi Jiangsu Province, PRC 214000 (Address of Principal Executive Offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F: Form 20-F Form 40-F INFORMATION CONTAINED IN THIS FORM 6-K REPORT On September 19, 2024, the Board of Directors (the “Board”) of Skillful Craftsman Education Technology Limited (the “Company”) received a resignation letter from Mr. Steven Yuan Ning Sim, to resign from the positions as a member of the Board, Chairman of the Audit Committee, a member of Compensation Committee and a member of Nominating and Corporate Governance Committee of the Board, effective on September 19, 2024. Mr. Sim’s resignation is due to his personal reason and not because of any disagreement with the Company, its management or its other directors. On September 20, 2024, the Board appointed Ms. Qin Zhang as a member of the Board, Chairman of the Audit Committee, a member of Compensation Committee and a member of Nominating and Corporate Governance Committee of the Board , effective on September 20, 2024, to fill the vacancy following the resignation of Mr. Steven Yuan Ning Sim . Ms. Qin Zhang, age 38, has served as the head of accounting department for Columbus Digital Technology (Shen Zhen) Co., Ltd. since July 2014. Ms. Zhang received her bachelor’s degree in business administration from Anhui University of Technology in China in 2011. Ms. Zhang holds a middle level accounting professional qualification from China. There are no arrangements or understandings between Ms. Qin Zhang and any other person pursuant to which Ms. Zhang was appointed as a director of the Company. In addition, there is no family relationship between Ms. Zhang and any director or executive officer of the Company. The Board deems Ms. Zhang an “independent director” as defined by NASDAQ Rule 5605(a)(2). The Board also determines that Ms. Zhang an “audit committee financial expert” as defined by NASDAQ Rule 5605(c)(2)(A) and Item 407(d)(5) of Regulation S-K. In connection with her appointment, the Company entered into a director agreement with Ms. Qin Zhang (the “Agreement”) on September 20, 2024. Under the terms of the Agreement, Ms. Zhang shall receive from the Company a fee in the amount of RMB 20,000 a year for each year of her director services, payable at the end of each year. The Agreement imposes certain customary confidentiality and non-disclosure obligations on Ms. Zhang customary for the agreements of this nature. The foregoing description is merely a summary of the Agreement and therefore does not purport to be complete and is qualified in its entirety by reference to the Agreement, a copy of which is attached hereto as Exhibit 10.1 and is incorporated by reference herein. Exhibits Index Exhibit No. Description 10.1 Director Agreement by and Between the Company and Qin Zhang dated September 20, 2024. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. SKILLFUL CRAFTSMAN EDUCATION TECHNOLOGY LIMITED (Registrant) By: /s/ Bin Fu Name: Bin Fu Title: Chief Executive Officer Date: September 23, 2024

View Full Filing

View this 6-K filing on SEC EDGAR