EDTK · Skillful Craftsman Education Technology Limited

The employment agreement appoints Bin Fu as CEO of Skillful Craftsman Education Technology Limited, a Cayman Islands company, effective May 1, 2026, signaling a key leadership change with direct reporting to the Board. Compensation is highly nominal at US$1 annual salary, supplemented by discretionary bonuses, 5 days vacation, expense reimbursement, and standard benefits, which may indicate alignment with performance incentives or equity-based rewards not detailed here. The one-year term provides flexibility, with renewal requiring Board approval. Termination provisions are employee-unfriendly, offering no severance and limiting payouts to accrued salary in most cases, including for cause defined broadly to cover misconduct, negligence, or regulatory issues. Post-employment restrictions include a 6-month non-compete across all company territories, ongoing non-solicitation of employees and customers, and perpetual confidentiality, protecting company interests. Inventions belong to the company, and property must be returned. Indemnification and D&O insurance coverage mitigate personal liability risks for the executive.