Skillful Craftsman Subsidiary Signs Tech Consulting Deal
Ticker: EDTK · Form: 6-K · Filed: Jan 6, 2025 · CIK: 1782309
Sentiment: neutral
Topics: service-agreement, subsidiary, technology-consulting
TL;DR
Skillful Craftsman's subsidiary Jisen inked a tech consulting deal with Puda.
AI Summary
On October 21, 2024, Skillful Craftsman Education Technology Ltd.'s wholly owned subsidiary, Shenzhen Qianhai Jisen Information Technology Co., Ltd. (Jisen), entered into a Technology Consulting Service Agreement with Beijing Puda Education Technology Co., Ltd. (Puda). This agreement outlines the terms under which Jisen will provide technology consulting services to Puda.
Why It Matters
This agreement signifies a new service revenue stream for Skillful Craftsman's subsidiary, potentially impacting its future financial performance.
Risk Assessment
Risk Level: low — The filing is a routine 6-K report detailing a service agreement, with no immediate financial implications or significant operational changes disclosed.
Key Players & Entities
- Skillful Craftsman Education Technology Ltd (company) — Filer and parent company
- Shenzhen Qianhai Jisen Information Technology Co., Ltd. (company) — Wholly owned subsidiary of Skillful Craftsman
- Beijing Puda Education Technology Co., Ltd. (company) — Party to the Service Agreement
- October 21, 2024 (date) — Date of the Service Agreement
FAQ
What is the nature of the Technology Consulting Service Agreement?
The agreement is between Skillful Craftsman's subsidiary, Jisen, and Puda, where Jisen will provide technology consulting services to Puda.
Who are the parties involved in the Service Agreement?
The parties are Shenzhen Qianhai Jisen Information Technology Co., Ltd. (Jisen) and Beijing Puda Education Technology Co., Ltd. (Puda).
When was the Service Agreement entered into?
The Service Agreement was entered into on October 21, 2024.
What is the relationship between Jisen and Skillful Craftsman Education Technology Ltd?
Jisen is a wholly owned subsidiary of Skillful Craftsman Education Technology Ltd.
What type of filing is this report?
This is a Form 6-K report, which is a report of a foreign private issuer pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934.
Filing Stats: 661 words · 3 min read · ~2 pages · Grade level 12.9 · Accepted 2025-01-06 16:30:25
Key Financial Figures
- $353,741 — ice fee is RMB 2,600,000 (approximately $353,741) including taxes, of which RMB 1,000,00
- $136,054 — , of which RMB 1,000,000 (approximately $136,054) should be paid within 3 working days a
- $81,633 — he remaining RMB 600,000 (approximately $81,633) should be paid before March 31, 2025.
- $680,272 — ice fee is RMB 5,000,000 (approximately $680,272) including taxes, of which RMB 2,000,00
- $272,108 — , of which RMB 2,000,000 (approximately $272,108) should be paid within 5 working days a
- $20,408 — rvice fee is RMB 150,000 (approximately $20,408) per month, which should be paid within
Filing Documents
- form6-k.htm (6-K) — 21KB
- 0001493152-25-000999.txt ( ) — 22KB
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 January 2025 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 October 21, 2024, Shenzhen Qianhai Jisen Information Technology Co., Ltd. (“Jisen”), a wholly owned subsidiary of Skillful Craftsman Education Technology Limited, a Cayman Islands exempted company (the “Company”) entered into a Technology Consulting Service Agreement (“Service Agreement”) with Beijing Puda Education Technology Co., Ltd. (“Puda”), pursuant to which Jisen will provide professional skill training classes and support to the employees of Puda, design and establish professional development plan and related trainings and consulting services, materials and equipment maintenance. The term of the Service Agreement is from November 1, 2024 to March 31, 2025 and the consulting service fee is RMB 2,600,000 (approximately $353,741) including taxes, of which RMB 1,000,000 (approximately $136,054) should be paid within 3 working days after the execution of the Service Agreement, another RMB 1,000,000 should be paid before December 31, 2024 and the remaining RMB 600,000 (approximately $81,633) should be paid before March 31, 2025. On October 22, 2024, Shenzhen Qianhai Jisen Information Technology Co., Ltd. entered into a Technology Service Agreement (“Technology Service Agreement”) with Prepshine Holdings Co., Limited (“Prepshine”), pursuant to which Jisen will provide technology development and consulting services to Prepshine, including data system technology development services and services for optimizing information technology decision-making plan, risk control strategies and information comparison needs. The term of the Technology Service Agreement is from November 1, 2024 to March 31, 2025 and the consulting service fee is RMB 5,000,000 (approximately $680,272) including taxes, of which RMB 2,000,000 (approximately $272,108) should be paid within 5 working days after the execution of the Technology Service Agreement, RMB 1,000,000 (approximately $136,054) should be paid before December 31, 2024 and the remaining RMB 2,000,000 should be paid before March 31, 2025. On October 23, 2024, Shenzhen Qianhai Jisen Information Technology Co., Ltd. entered into a Consulting Agreement for Enterprise Management and Commercial Information (“Consulting Agreement”) with Tianhao (China) Investment Co., Ltd. (the “Tianhao”), pursuant to which Jisen will provide enterprise management and commercial information consulting services to Tianhao, including but not limited to human resources, investment and financing, strategies and structure. Jisen will also provide consulting services for the commercial and industrial questions by Tianhao and provide its suggestions for business plans. The term of the Consulting Agreement is from October 23, 2024 to March 31, 2025 and the consulting service fee is RMB 150,000 (approximately $20,408) per month, which should be paid within the first 5 business days of each month. On December 15, 2024, Shenzhen Qianhai Jisen Information Technology Co., Ltd. entered into Software Purchase Agreements for the Smart Office Resource Allocation and Management System with five subsidiaries of Lihua Family Education Technology (Beijing) Co., Ltd., namely, Yunnan Shanhang Education Technology Co., Ltd., Yunnan Xinde Education Consulting Co., Ltd., Yunnan Shubo Education Service Co., Ltd., Yunnan Songyan Education Service Co., Ltd. and Yunnan Shuoke Education Service Co., Ltd. (the “Purchasers”). Each of the Purchasers will purchase Smart Office Resource Allocation and Management System software from Jisen for RMB 200,000 each, which should be paid upon the effectiveness of the Software Purchase Agreements. Jisen will also provide one year maintenance services for free. 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: January 6, 2025