Skillful Craftsman Education Technology Ltd. (China)

The Company is principally engaged in the operation of vocational online education and technology services in the People's Republic of China.
BUSINESS
Due to the PRC legal restrictions on foreign ownership and investment in the education business, The Company conducts its primary business operations through its VIEs.
The VIE, Wuxi Wangdao, is a provider of online education and technology services in China. While the education services cover a wide range of subjects, including vocational education, continuing education, basic education and higher education, the VIE has been focusing on vocational education since its inception in 2013. The VIE currently provides approximately 642 vocational training courses that cover a wide range of subjects such as mechanics, electronics, auto repair and construction. It also provides technology services, including software development as well as comprehensive cloud services for private companies, academic institutions and government agencies in the PRC.
The WFOE's wholly owned subsidiary, Jisen Information, is a provider of integrated financial education services. Jisen Information currently has business relations with five universities and colleges in China and offers several financial investment courses to students at these universities and colleges through its financial investment education platform, including introduction to the global securities market, basic securities knowledge, fundamental analysis and technical analysis, among others. Jisen Information also arranges live lectures and case studies by financial experts, analysts and professional traders for the students.
The WFOE's majority owned subsidiary, Wuxi Talent Home, is a service provider in the field of flexible employment. It has developed a platform to facilitate the employment of flexible workers, which meets both employers' demand for skilled workers and talents' demand for work opportunities. The platform also offers customized services to employers, helping them improve management and operational efficiency.
The Company has only one reportable segment since the Company does not distinguish revenues, costs and expenses by operating segments in its internal reporting, and reports costs and expenses by nature as a whole.
HISTORY
2013 The Company began operations in China in 2013 and conducted business through its subsidiaries and variable interest entity, Wuxi Kingway Technology Co., Ltd. In 2013, Wuxi Kingway Technology Co., Ltd., or Wuxi Wangdao, was formed under the laws of the PRC to primarily engage in the business of online education and technology services.
2019 The Company was incorporated on June 14, 2019 under the laws of Cayman Islands as a holding company under name Skillful Craftsman Education Technology Limited .
2020 The Company s ordinary shares began trading on July 23, 2020, on the NASDAQ Capital Market under the symbol “EDTK”.
2021 On May 25, 2021, Wuxi Wangdao acquired 100 equity interest in Jisen Information, an integrated financial education and service provider in China.