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Skillful Craftsman Education Technology Limited (EDTK) shows a decline in premarket. Why is that so?

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Skillful Craftsman Education Technology Limited (EDTK) experiences a decrease of 11.8% in the premarket today. However, the last trading session concluded at $1.61 with an increase of 1.9%.

EDTK announces director change

EDTK announces director change on 19th August 2021. Mr. Shaowei Zhang is the new independent director of the Board to replace Mr. Limin Huang.

Mr. Shaowei Zhang founded the First High-School Education Group Co., Ltd. He also served as the chairman of the board of directors and chief executive officer of First High-School Education. Mr. Zhang founded and served as the principal of Kunming Qihang Education and Training School.

EDTK Announces Strategic Partnership with Major Flexible Staffing Platform

Wuxi Talent Home Information Technology Co., Ltd. has established a strategic collaboration with EDTK on 10th August 2021. To better serve talents and employers, the collaboration will combine EDTK’s experience in vocational education with WTH.

EDTK will deliver free elementary skills training courses and paid vocational skills certificate training courses. EDTK will also assist WTH in growing its company by expanding client channels, in exchange for which WTH commits to split income generated.

Acquisition of an Integrated Financial Education and Service Provider Shenzhen Jisen Information Tech Limited 

EDTK signed a formal agreement to purchase a 100 percent ownership stake in Shenzhen Jisen Information Tech Limited on May 25, 2021. The transaction was unanimously authorized by the EDTK’s board of directors. It is scheduled to conclude by the end of this month, with the issue of ordinary shares contingent on the fulfillment of certain conditions.

Firstly, Jisen Information creates trading simulators, invests in cloud education curriculum systems, and customizes data analysis platforms with help of EDTK. Secondly, it now has long-term partnerships with five Chinese universities and colleges, including Anhui Normal University, Anhui University of Engineering, and Anhui Business College.

Thirdly, Jisen Information has taught thousands of college students through its self-developed quantitative financial training program. Lastly, many Chinese firms listed overseas use Jisen Information’s SaaS-based tick-level market data analysis services.

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