Skillful Craftsman Education (EDTK) Announces Management Changes; Dawei Chen appointed new CFO
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Skillful Craftsman Education Technology Ltd. (“The Company” or “Skillful Craftsman”) (NASDAQ: EDTK), an educational technology company providing interactive online learning services, today announced a number of executive changes, which took effect on August 6. 2021. The Board of Directors of the Company appointed Mr. Dawei Chen as Chief Financial Officer, replacing Mr. Jun Liu. After assuming his role as Chief Financial Officer, Mr. Dawei Chen will step down as Chief Strategy Officer of the Company and Mr. Bill Tang has been appointed Mr. Chen’s successor. Mr. Jun Liu, after stepping down as CFO, will continue to serve in the company as CFO.
Mr. Dawei Chen served as the Company’s Chief Strategy Officer from January to August 2021. Prior to joining the company, Mr. Chen had held several management positions in multinational corporations and leading consulting firms, where he acquired extensive experience in corporate finance, strategic planning. and management consulting. Over the past ten years, Mr. Chen has focused on equity investments, with more than 20 successful IPOs and M&A transactions, mainly in education, high-end manufacturing, infrastructure IT, blockchain technology and e-commerce, from which Mr. Chen had gained a deep understanding of capital markets and substantial investment and transaction experience. In addition, Mr. Chen has served as a senior consultant for several overseas listed Chinese companies and has played key roles in financing advisory and investor relations. Mr. Chen holds a BA from Beijing Post and Telecommunications University, a Masters of Engineering from Beijing Jiaotong University (BJTU) and an MBA from Concordia University in Canada.
Mr. Bill Tang is an experienced investment banker. During his nearly 30-year professional career on Wall Street, Madrid, Hong Kong, London, Brazil, Chile and Mainland China, Mr. Tang has successfully managed a large number of capital markets transactions in various sectors including real estate investment, venture capital private equity, management buyouts, project finance, private equity and finance, mezzanine finance, mergers and acquisitions, and others, from which he has acquired extensive experience in strategic planning, investment and funding. Prior to joining the company, Mr. Tang was Managing Director of Milestone Capital Holdings Co. since September 2011, responsible for strategic planning, investment management and implementation of the company. From March 2007 to May 2011, Mr. Tang held several executive positions within the Asia division of Banco Santander, SA, advising large companies in Asia on global financing and mergers and acquisitions. Previously, Mr. Tang was Managing Director at Finaves Venture Capital from September 2005 to March 2007, Regional Director and Vice President at Empirico Venture Capital from October 2002 to September 2005 in Canada, and partner in the REITS division of Citigroup Inc. October 1998 to October 2002 in the United States Mr. Bill Tang holds a bachelor’s degree in engineering from South China University of Technology and a master’s degree in business administration from China Europe International Business School.
Mr. Xiaofeng Gao, President and Co-CEO of Skillful Craftsman, said, “We are delighted to strengthen our leadership team to grow our business and accelerate our next phase of growth. I would like to thank Mr. Jun Liu for his years of dedicated service and many contributions to the Society. We appreciate his assistance throughout this transition and believe that he will continue to make a significant contribution to the Company in the future. Mr. Dawei Chen joined us as Chief Strategy Officer in January 2021. He has proven his knowledge and strength in strategic planning and management consulting, delivering an impressive career portfolio which we believe fits with our requirements for the CFO position. In addition, Mr. Bill Tang’s experience in strategic planning, investment and financing aligns with our strategic plan. We are delighted to welcome him to our leadership team as Chief Strategy Officer, who will focus on improving the company’s strategy and consolidating our position as an industry leader in delivering interactive online professional training and experimental training in virtual simulation.
Mr. Dawei Chen, CFO of Skillful Craftsman, said, “I am honored to serve as CFO and continue to implement the strategic vision. Skillful Craftsman has enormous potential for growth and value creation, given the huge addressable market for vocational education in China and the incentive policies of the Chinese government.
Mr. Bill Tang, Strategy Director of Skillful Craftsman, said, “I am delighted to join the leadership of Skillful Craftsman. Together with the company’s management team, I look forward to creating new growth opportunities and strengthening our position to deliver value to our customers.