Skillful Craftsman Education Technology Limited (NasdaqCM:EDTK) entered into an equity transfer agreementto acquire a 60% stake in Wuxi Talent Home Information Technology Co., Ltd. from certain shareholders for CNY 21.5 million on January 28, 2022. Under the terms, Skillful Craftsman Education Technology will pay CNY 15 million in cash and will issue 791,667 newly ordinary shares. The transaction has been unanimously approved by the Skillful Craftsman Education Technology Limited board of directors and is expected to close by February 28, 2022.