UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of July 2023
Commission file number: 001-39360
SKILLFUL CRAFTSMAN EDUCATION
TECHNOLOGY LIMITED
Floor 4, Building 1, No. 311, Yanxin Road
Huishan District, Wuxi
Jiangsu Province, PRC 214000
(Address of Principal Executive Offices)
Indicate
by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F x Form
40-F ¨
EXPLANATORY NOTE
On July 21, 2023, Skillful Craftsman Network Technology
(Wuxi) Limited (“Craftsman Wuxi”), a wholly owned subsidiary of Skillful
Craftsman Education Technology Limited (the “Company”), Wuxi Talent Home Information Technology Co., Ltd. (“Talent
Home”) and certain shareholders of Talent Home (the “Shareholders”) entered into an Amendment Agreement (“Amendment
Agreement”) to the Equity Transfer Agreement, which was originally entered by the parties on January 28, 2022 and supplemented by a
Supplementary Agreement on February 23, 2022.
Pursuant to the Amendment Agreement, parties agreed
that: (i) the cash transfer price that has been paid by Craftsman Wuxi shall be used as investment in Talent Home for 35% of all equity
interest of Talent Home; (ii) the Shareholders will not transfer any of their equity interest of Talent Home to Craftsman Wuxi; and (iii)
all the ordinary shares issued by the Company to the Shareholders as a part of the purchase price stipulated in the original Equity Transfer
Agreement shall be returned to the Company for cancellation.
A copy of the Amendment Agreement is attached
as Exhibit 99.1 to this current report on Form 6-K. The foregoing summary of the terms of the Amendment Agreement is subject to,
and qualified in its entirety by Amendment Agreement, which is incorporated herein by reference.
Exhibit 99.1 to this current report on Form 6-K
is hereby incorporated by reference into the Registration Statement on Form F-3 of the Company (File No. 333-259498) to the extent not
superseded by documents or reports subsequently filed or furnished.
EXHIBIT INDEX
SIGNATURE
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
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SKILLFUL CRAFTSMAN EDUCATION TECHNOLOGY LIMITED |
|
(Registrant) |
|
By: |
/s/ Xiaofeng Gao |
|
Name: |
Xiaofeng Gao |
|
Title: |
Chairman of the Board of Directors and
Co-Chief Executive Officer |
Date: July 27, 2023
Exhibit 99.1
Amendment Agreement to Equity Transfer Agreement
This "Amendment Agreement to Equity Transfer
Agreement" (hereinafter referred to as the "Amendment Agreement") is entered into and becomes effective on July 21, 2023,
in Wuxi City, Jiangsu Province, People's Republic of China (hereinafter referred to as "China," for the sole purpose of this
Amendment Agreement, excluding the Hong Kong Special Administrative Region, Macau Special Administrative Region, and Taiwan).
Skillful
Craftsman Network Technology (Wuxi) Limited., a limited liability company established and existing under the laws of China, with its registered
address at Room 0405, Building 1, No. 311 Yanxin Road, Huishan Economic Development Zone, Wuxi, Unified Social Credit Code: [***]
(hereinafter referred to as the "Transferee");
Wuxi
Talent Home Information Technology Co., Ltd., a limited liability company established and existing under the laws of China, with its registered
address at A-302, China Sensing Network International Innovation Park, No. 200 Linghu Avenue, Xinwu District, Wuxi, Unified Social Credit
Code: [***] (hereinafter referred to as the "Target Company");
Yang
Xiaofeng, a Chinese citizen, with ID card number: [***];
Jin
Peizhen, a Chinese citizen, with ID card number: [***];
Xu
Jianjun, a Chinese citizen, with ID card number: [***];
(Yang Xiaofeng and Jin Peizhen collectively referred
to as the "Transferors," and Xu Jianjun hereinafter referred to as the "Guarantor").
In this Agreement, each of the above parties is
individually referred to as a "Party," and collectively as the "Parties."
Whereas:
On January 28, 2022, the Parties signed an Equity
Transfer Agreement (including its appendices, supplemental agreements, collectively referred to as the "Original Agreement"),
which stipulated that the Transferors would sell 60% of the equity (hereinafter referred to as the "Target Equity") held in
the Target Company to the Transferee in accordance with the terms and conditions of the Original Agreement. The Transferee agreed to purchase
the Target Equity from the Transferors in accordance with the terms and conditions of the Original Agreement, and the Guarantor shall
bear joint and several liability or obligations towards the Transferors;
Due to changes in the development plan of the
Transferee, the Parties intend to amend the Original Agreement.
After friendly consultations among the Parties,
the Parties hereby agree to enter into this Amendment Agreement regarding the amendments to the Original Agreement, in order to mutually
abide by the following terms:
| l | All parties agree that the consideration for
the equity transfer already received by the transferor does not need to be refunded to the transferee. This equity transfer payment will
be regarded as the investment amount (hereinafter referred to as the "Investment") in Wuxi Talent Home Information Technology
Co., Ltd., accounting for 35% of the company's shares. The original agreement involving share payments is canceled, and Skillful Craftsman
will no longer issue shares to Yang Xiaofeng and Jin Peizhen. |
| l | The Parties confirm that the Transferors intend
to increase the registered capital of the Target Company. After the capital increase, the Transferee shall become a non-controlling shareholder
of the Target Company in proportion to the Investment Amount's share in the Target Company's registered capital at that time. Specific
matters shall be governed by a separate written Equity Investment Agreement to be signed by the Parties. |
| l | The Parties confirm that no Party shall assume
any breach of contract liability towards the other Party under the Original Agreement. If any Party has incurred any expenses for the
performance of the Original Agreement, such expenses shall be borne by the Party itself. |
| l | The Parties confirm that there are no pending
or potential disputes or claims between the Parties under the Original Agreement. The Parties agree and confirm that, from the date of
signing this Amendment Agreement, they irrevocably waive the right to make any claims against any other Party under the Original Agreement
or to pursue any other liability. |
| l | To avoid any ambiguity, the amendments to the
Original Agreement also release the Guarantor from any joint and several liability or obligations towards the Transferors. |
| l | The signing, effectiveness, performance, interpretation,
and resolution of disputes of this Amendment Agreement shall be governed by the laws of China. |
| l | Any dispute arising from or in connection with
the amendment, interpretation, violation, or validity of this Amendment Agreement shall be submitted to the Shanghai Arbitration Commission
for arbitration in accordance with its effective arbitration rules at the time of applying for arbitration. The place of arbitration shall
be Shanghai. The arbitration award shall be final and binding on all Parties. |
| l | This Amendment Agreement shall become effective
upon signature and seal by the authorized representatives or authorized agents of each Party or by the individual signatories themselves. |
| l | This Amendment Agreement is executed in Chinese
and English, and in case of any inconsistency, the Chinese version shall prevail. This Amendment Agreement may be executed in multiple
counterparts, each of which shall have equal legal effect. |
(No further text follows)
(Signature page of Amendment Agreement to Equity
Transfer Agreement)
IN WITNESS WHEREOF, this Amendment Agreement has
been signed by the Parties at the date shown at the top of this Agreement.
Transferee: |
|
Skillful Craftsman Network Technology (Wuxi) Limited (能工网络科技(无锡)有限公司)
(Official Seal) |
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/s/ Official Seal |
Signature:/s/Gao Xiaofeng |
Name: Gao Xiaofeng |
Position: |
Target Company:
Wuxi Talent Home Technology Co., Ltd. (无锡人才之家科技有限公司)
(Official Seal) |
|
|
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/s/ Official Seal |
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Signature: |
/s/ Yang Xiaofeng |
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Name: Yang Xiaofeng |
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Position: |
|
|
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Transferor: |
|
|
|
Yang Xiaofeng and Jin Peizhen |
|
|
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Signature: |
/s/ Yang Xiaofeng |
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Signature: |
/s/ Jin Peizhen |
|
|
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Guarantor: |
|
|
|
Xu Jianjun |
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|
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Signature: |
/s/ Xu Jianjun |
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