Skillful Craftsman Education Technology Limited (NASDAQ:EDTK) is moving higher in the pre-open session on Wednesday.
Skillful Craftsman Announces Board Changes
- announced following changes to its board of directors (“Board”) and Board committees, effective on June 1, 2021:
- appointment of Mr. Bin Fu, the Company’s Co-Chief Executive Officer, as a director of the Company;
- appointment of Mr. Steven Yuan Ning Sim, an independent director who satisfies the qualification of an “audit committee financial expert,” to serve as the chairperson of the Audit Committee, replacing Mr. H. David Sherman;
- appointment of Mr. Huiqing Ye, an independent director of the Company, to serve as a member of the Audit Committee, and as the chairperson of the Nominating and Corporate Governance Committee replacing Mr. Steven Yuan Ning Sim; and
- Mr. H. David Sherman has resigned from his roles in the Board but will remain as an independent advisor to the Company.
Mr. Xiaofeng Gao, Chairman and CEO of Skillful Craftsman, commented, “On behalf of our Board and the Company, I would like to thank Mr. H. David Sherman for his vision, dedication and contribution to the Company’s IPO progress during his tenure. We look forward to our continued collaboration in the future.”
Market Action
As of 7:26, EDTK stock is up by 8.05% to $2.55. So far the stock has traded 4K shares traded hands. The stock has been underperforming the broader market over the past six months with a fall of 25%.
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