KUALA LUMPUR, Malaysia, Oct. 29, 2026 (GLOBE NEWSWIRE) — Ruanyun Edai Technology Inc. (NASDAQ: RYET) (“Ruanyun” or the “Company”) announced that its Malaysian subsidiary, Formind Global Holdings Sdn. Bhd. (“Formind Global”), has entered into a marketing cooperation agreement with Fangtu, a Taiwan-based company that will lead local promotion and institutional customer development for the HanLink Chinese learning platform in Taiwan.

The two-year cooperation covers local market promotion, customer development and school procurement referrals. Fangtu will engage schools, universities and Chinese-language centres and assist with demonstrations, pilots, teacher training and customer feedback. Formind Global will provide the platform, demonstration environment and technical and sales materials, and undertake commercial contracting and service obligations under individual school agreements.

HanLink combines digital Chinese-language courses with AI-assisted interaction, practice and learning assessment. Its tools are designed to give students more opportunities to practise and help institutions extend teaching support beyond scheduled lessons. The parties intend to supplement teacher-led instruction, with individual school implementations agreed separately.

“For a language-learning platform, local institutional relationships and support are as important as the technology. We want HanLink to fit into the way institutions teach, while giving students more opportunities to practise between lessons. Working with Fangtu gives us a local partner to develop that opportunity in Taiwan, with Formind Global connecting customer engagement to the platform and its delivery.”

Maggie Fu, Chief Executive Officer, Ruanyun Edai Technology Inc.

Local Market Development and Direct School Contracting
The cooperation is non-exclusive, and either party may terminate it on 30 days’ written notice. Fangtu will be Formind Global’s preferred marketing partner in Taiwan for the first 12 months; exclusivity would require a separate written agreement. Schools that proceed with procurement will contract with and pay Formind Global directly.

The agreement sets a standard annual platform fee of US$30,000 per school, with a fixed NT$980,000 alternative for contracts denominated in New Taiwan dollars. Each school’s quotation and executed contract will specify the selected currency, price, licensed scope and service arrangements. Fangtu will be eligible for a 20% commission on the net contract amount of school agreements arising from registered opportunities accepted by Formind Global, with commission payments tied to the corresponding school payments collected.

The marketing agreement does not itself commit any school to purchase HanLink or establish minimum sales. Any revenue contribution will depend on school contracts, delivery of the relevant services, collectability and applicable accounting requirements.

Building HanLink’s International Business
The Taiwan agreement adds another local market-development arrangement to HanLink’s international activities. HanLink’s previously announced Saudi activities include school pilot work and university cooperation, followed by commercial school contracting through Link Door Smart Company, the Company’s separately owned strategic associate. In the United States, Ruanyun announced a HanLink pilot with the Center on Chinese Education at Teachers College, Columbia University, supported by a Company grant to evaluate AI-assisted learning.

Through its Formind Group strategy, the Company is seeking to connect AI applications and education with institutional partnerships, implementation and continuing support. The Taiwan cooperation is intended to apply that approach to Chinese-language learning through local customer engagement and direct platform procurement.

About Ruanyun Edai Technology Inc.
Ruanyun Edai Technology Inc. is an AI-driven education technology company focused on intelligent content recognition, automated assessment and next-generation learning systems. The Company has historically developed and provided AI-enabled teaching, learning and assessment solutions, including smart homework, smart examination and digital education services, and since September 2025 has provided campus operations and student-life services through its Smart Campus Services business. The Company is presenting its group businesses under the Formind Group identity as part of its broader strategy to expand AI education, language learning, institutional education support and global technology initiatives. Additional information about Formind Group is available at www.formind.group. Information on that website is not part of this press release.

Forward-Looking Statements
This press release contains forward‑looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 and applicable securities laws. All statements other than statements of historical fact are forward‑looking statements. Forward‑looking statements may be identified by words such as “may,” “might,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “goal,” “objective,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue” and similar expressions.

These statements include, among others, statements regarding the anticipated benefits and implementation of the Fangtu cooperation; HanLink’s promotion, adoption and commercialization in Taiwan; school procurement, pricing, commissions, collections and any revenue contribution; potential pilots, training, localization and technical support; AI-assisted learning benefits; and the Company’s international education and Formind strategy.

Forward-looking statements are based on current expectations, estimates and assumptions and involve risks and uncertainties that could cause actual results to differ materially. Relevant risks include the parties’ ability to develop customer opportunities and perform their obligations; school procurement decisions and implementation requirements; the absence of committed school purchases or minimum sales; competition and customer adoption; platform performance, AI response quality and educational suitability; licensing, intellectual-property and data-protection requirements; cross-border operations and regulatory compliance; partner performance; collection of customer payments; and revenue recognition and other accounting requirements. The cooperation agreement does not assure customer contracts, successful market entry or any particular financial result.

Forward-looking statements speak only as of the date of this release. Additional risks are described in the Company’s reports filed with or furnished to the U.S. Securities and Exchange Commission, including its most recent Annual Report on Form 20-F. The Company undertakes no obligation to update any forward-looking statement except as required by law.

Investor Relations and Corporate Communications
FSR Capital, a FSR Group Company
Email: ir@fsr.group


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