Skillful Craftsman Education Technology Limited (NASDAQ: EDTK) has announced a strategic move to expand its reach into the global skills training market. The company’s board of directors has approved the establishment of a wholly-owned subsidiary in the United States, marking a significant step towards international growth. In a complementary move to broaden its customer base, the company will offer free online skills training on its Education Cloud Platform, operated through Wuxi Kingway Technology Co., Ltd., a variable interest entity in China. This initiative will take effect from October 1, 2024, eliminating the previous membership fee requirement and making the platform accessible to all users.
Forward-Looking Statements
This announcement contains forward-looking statements that involve inherent risks and uncertainties. These statements are based on the company’s current expectations and projections about future events that could impact its financial condition, operating results, business strategy, and financial needs. Such statements are identified by words or phrases like “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue,” or similar expressions. The company assumes no responsibility to update or revise publicly any forward-looking statements to reflect subsequent events or changes in its expectations, except as required by law. While the company believes these expectations are reasonable, it cannot guarantee their accuracy. Investors should be aware that actual results may differ materially from anticipated results and are encouraged to review other factors that could affect future results in the company’s annual report and other filings with the SEC, available at .
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