Skillful Craftsman to Acquire Controlling Interest in Singapore-Based URAY
Key Highlights
- ➤EDTK to acquire 70% controlling interest in Singapore-based URAY
- ➤URAY becomes EDTK consolidated subsidiary upon fourth-quarter 2026 closing
- ➤URAY team has released over 1,000 games reaching more than one billion players
- ➤SMILE AI targets game concept generation, development, testing, optimization, and publishing
- ➤Definitive Share Purchase Agreement signed October 10, 2026
Expert Statements
Bin Fu, Chairman and Chief Executive Officer of Skillful Craftsman Education Technology Limited
“Over the past year, we have continued to bring applied AI into more settings. The lines between industries are blurring. Games are one of the fastest-moving areas for AI adoption, and they connect naturally with digital skills education. URAY's team has run a real business in international markets for many years and knows how to reach users. We look forward to working with URAY to drive technological innovation and to find new synergies between education technology and interactive content.”
Qingwu Liu, Chief Executive Officer of URAY PTE. LTD.
“For more than ten years, we have focused on the global casual games market and built deep hands-on experience in game development, user acquisition, advertising monetization and publishing operations. With generative AI and agent technology advancing quickly, the games industry is entering a new wave of technological change. SMILE AI is how we are putting AI to real use in game development and publishing. We want to help more developers use natural language and intelligent tools to turn their ideas into games more efficiently, and to connect the full workflow from development to publishing to monetization. Our partnership with EDTK gives us additional technical and resource support. From here, we will keep building our existing game business while steadily advancing the development and commercial validation of our AI game creation and publishing tools.”
Expands into AI-Driven Game Creation and Global Publishing * EDTK to acquire a 70% controlling interest in URAY PTE. LTD.; URAY to become a consolidated subsidiary of EDTK upon closing * The companies plan to combine AI technology with global casual game publishing experience and advertising monetization capabilities to explore AI-native workflows from game concept to global release * URAY's team has spent more than a decade developing and operating casual games for international markets SINGAPORE, Oct. 13, 2026 (GLOBE NEWSWIRE) -- Skillful Craftsman Education Technology Limited (NASDAQ: EDTK) ("EDTK" or the "Company"), a company specializing in educational technology innovation, artificial intelligence (AI) skills training, and digital transformation for educational institutions, today announced that it has entered into a definitive agreement to acquire a 70% controlling interest in URAY PTE. LTD. ("URAY"), a Singapore-based casual game developer and publisher. Upon closing, URAY will become a consolidated subsidiary of EDTK.
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