Wang Dao Technology Co., Ltd. (Nasdaq: EDTK), an education technology company that provides interactive online learning services, announced today that Mr. Fu Bin has been appointed as the company's co-CEO, effective May 24, 2021.

Mr. Fu Bin worked in financial vocational education for more than 10 years. From July 2018 to April 2020, he was the chief operating officer of Columbus Fintech. During this period, he was responsible for the overall operation and management of Columbus Fintech. During his tenure, he used his deep understanding of global financial markets and professional trading to preside over the design of the “G+ Intelligent Investment Risk Control System”, a breakthrough innovation.

From July 2016 to June 2018, Mr. Fu was the chief trainer and chief risk officer of Silverstone Investment, where he actively explored opportunities for cooperation with universities to cultivate more financial talents. Under his leadership, Silverstone Investment collaborated with five universities and colleges in China and launched special financial training programs for more than 10,000 students. He has extensive industry experience and strategic vision, and has provided financial advisory services to many listed education companies.

Mr. Fu Bin received his bachelor's degree in computer science from Beijing University of Aeronautics and Astronautics and his master's degree from the National University of Defense Technology.

Mr. Gao Xiaofeng, Chairman and CEO of Wang Dao Technology, commented: Mr. Fu Bin is a rare professional in finance and education. His addition will greatly enhance the company's ability to expand the offline business of colleges and universities, and obtain more long-term stable students for the company's “Academic Certificate+Multiple Vocational Skill Level Certificates” program.

Furthermore, Mr. Fu has extensive experience in company management and internal system construction and control, which will further enhance the internal control capabilities of our listed companies.

His expertise in the financial markets, particularly the US financial markets, will enable the company to better understand our obligations as a US listed company and better serve our shareholders and investors.”

Wangdao Technology is an education technology company that provides interactive online vocational training and virtual simulation experimental training courses. The company was founded in 2013 in Wuxi, China, and is an important supporter of education reform and labor employment development in China. As of September 30, 2020, the total number of registered members of the company was 75.5 million, including 3.28 million paid members.