Skillful Craftsman Education Tech: Q4 2024 Strategic Agreements Report
Here's a summary of the key information extracted from the provided section of the financial report:
Company Overview
- Company Name: Skillful Craftsman Education Technology Limited
- Type of Filing: Form 6-K (Report of Foreign Private Issuer)
- Commission File Number: 001-39360
- Address: Floor 4, Building 1, No. 311, Yanxin Road, Huishan District, Wuxi, Jiangsu Province, PRC 214000
Recent Agreements
- Technology Consulting Service Agreement with Beijing Puda Education Technology Co., Ltd.
- Date Executed: October 21, 2024
- Service Term: November 1, 2024 to March 31, 2025
- Consulting Fee: RMB 2,600,000 (approx. $353,741)
- Payment Schedule:
- RMB 1,000,000 within 3 working days after execution
- RMB 1,000,000 before December 31, 2024
- RMB 600,000 before March 31, 2025
- Technology Service Agreement with Prepshine Holdings Co., Limited
- Date Executed: October 22, 2024
- Service Term: November 1, 2024 to March 31, 2025
- Consulting Fee: RMB 5,000,000 (approx. $680,272)
- Payment Schedule:
- RMB 2,000,000 within 5 working days after execution
- RMB 1,000,000 before December 31, 2024
- RMB 2,000,000 before March 31, 2025
- Consulting Agreement for Enterprise Management and Commercial Information with Tianhao (China) Investment Co., Ltd.
- Date Executed: October 23, 2024
- Service Term: October 23, 2024 to March 31, 2025
- Consulting Fee: RMB 150,000 per month (approx. $20,408)
- Payment Schedule: Due within the first 5 business days of each month.
- Software Purchase Agreements with Subsidiaries of Lihua Family Education Technology (Beijing) Co., Ltd.
- Date Executed: December 15, 2024
- Purchase Price: RMB 200,000 each from five subsidiaries
- Payment Terms: Due upon the effectiveness of the agreements, including one year of maintenance services provided for free.
Insights
- The company is actively engaging in multiple consulting and technology service agreements, indicating a strategic focus on expanding its service offerings and revenue generation.
- The total value of the newly executed agreements is significant, suggesting a robust pipeline for revenue.
- The structured payment schedules across different agreements may improve the company’s cash flow management.
Signature
- CEO: Bin Fu
- Date Signed: January 6, 2025
This summary encapsulates the essential data and insights from the financial report, highlighting the company's recent activities and agreements.