EDTK Skillful Craftsman Education Technology Ltd

Skillful Craftsman Education Technology Ltd. (“the Company”) (NASDAQ: EDTK), an education technology company providing interactive online learning services, today announced that the Company has entered into a strategic cooperation agreement (the “Agreement”) with Tianfu Institute of International Big Data Strategy Technology (“TIBD”) on November 11, 2020 to participate in the national pilot project of “Education Certificate + Several Vocational Skill Level Certificates”(“1+X”). The purpose of the 1+X pilot project is to allow students to obtain certificates of various vocational skills at the same time of obtaining academic certificates.

TIBD has actively participated in the “1+X” pilot project and successfully developed “Big Data Governance” Vocational Skill Level Certificate, which is one of the vocational skill level certificates of “1+X” and was officially approved and publicized by an inter-ministerial joint meeting on vocational education of the State Council in September 2020. As of November 18, 2020, 320 companies have participated in the “1+X” pilot project.

As part of the Agreement, both parties agree to cooperate, for an initial three-year period, in the development and operation of the “China Big Data Educational Cloud” as well as the development of the learning resources platform for “Big Data Governance” Vocational Skill Level Certificate. TIBD agrees to provide the Company with experts, talent, content and associated support while the Company agrees to provide comprehensive online educational cloud service technology, hardware, software and other related operational supporting services that are necessary.

Additionally, both parties agreed to cooperate in the funding of several related projects of the pilot project of the “1+X” Vocational Skill Level Certificate, among which the Company expects to contribute about RMB 9 million. TIBD has agreed to support the Company’s participation in the project and provide experts, channels, experience and other assistance.

Mr. Xiaofeng Gao, Chairman and CEO of Skillful Craftsman Education Technology Ltd., commented, “We're a technology innovation company that is established to meet the evolving needs of the market. Our cooperation with TIBD will enable us to continue improving our business model, forming closer partnerships, and making good use of national policies. The cooperation also augments the strength of our brand. Our expertise, industry experience, and market coverage make it possible for us to seize opportunities timely and put our business strategy into practice. By participating in the “1+X” pilot project, we hope to expand market share, diversify our business model and create more value to all of our shareholders.”

About Tianfu Institute of International Big Data Strategy Technology

Founded in July 13, 2018, Tianfu Institute of International Big Data Strategy Technology(“TIBD”) is a scientific research enterprise jointly established by SCIG Information Industry Group Co., Ltd, a top-tier big data research team from Chinese Academy of Sciences (CAS) led by Professor Yong Shi, and Chengyue Project Consulting Group. TIBD focuses on introducing, transforming international advanced technologies of big data, conducting research of big data, artificial intelligence, Internet of Things (IOT) and others, incubating and investing in big data associated projects, building big data platforms for industrial application, and cultivating big data talents with globalized visions.

About Skillful Craftsman

Skillful Craftsman is an education technology company that provides interactive online vocational training and virtual simulation experimental training courses. The Company began operations in Wuxi, China in 2013 and is a key supporter for China education reform and development for labor employment. As of March 31, 2020, the Company had 68.5 million total registered members, of which 3.1 million are fee-paying members. For more information, please visit: ir.kingwayup.com.

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Forward-looking statements are based on information available at the time those statements are made and management’s belief as of that time with respect to future events. These statements are necessarily subjective and involve known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements, or industry results, to differ materially from any future results, performance or achievements described in or implied by such statements. Such risks, uncertainties, and other factors include, but are not limited to, our ability to improve launch and leverage new technologies and cooperative relationships or anticipate market demand in a timely or cost-effective manner, and those factors discussed under the headings “Risk Factors”, “Operating and Financial Review and Prospects,” and elsewhere in our Annual Report on Form 20-F. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of whether, or the times by which, our performance or results may be achieved. Actual results may differ materially from expected results described in our forward-looking statements, including with respect to correct measurement and identification of factors affecting our business or the extent of their likely impact, and the accuracy and completeness of the publicly available information with respect to the factors upon which our business strategy is based or the success of our business. The Company disclaims any intention to, and undertakes no obligation to, update or revise any forward-looking statement.

For investor and media enquiries, please contact:

Skillful Craftsman

Investor Relations Department

Email: iredtk@kingwayedu.cn

Ascent Investor Relations LLC

Tina Xiao

Tel: +1 917-609-0333

Email: tina.xiao@ascent-ir.com