On September 24, 2024, the Company entered into a one-year bond purchase agreement with Bin Fu, Xuejun Ji and Peng Wang, the management of the company, relating to the issue and sale of a bond in the principal amount of $200,000, $400,000, and $400,000, respectively, $1,000,000 in total, at a purchase price of $1,000,000. The annual interest rate is 6%, and the bond and related interest will be due on September 23, 2025. By the end of March 31, 2025, the Company received the principal amount of $200,000 from Bin Fu, and $400,000 from Xuejun Ji, and accrued related interest for the amount of $9,000 and $3,000, respectively. The bond does not have any conversion feature.

SKILLFUL CRAFTSMAN EDUCATION TECHNOLOGY LIMITED.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS