K-12 smart reading resources and educational content services support the Company’s broader AI-enabled education technology ecosystem
KUALA LUMPUR, Malaysia, June 09, 2026 (GLOBE NEWSWIRE) — Ruanyun Edai Technology Inc. (NASDAQ: RYET) (the “Company” or “Ruanyun Edai Technology”), an AI-driven education and technology company focused on intelligent content recognition, automated assessment, next-generation learning systems and technology-enabled educational support services, today announced the fulfillment of a Smart Reading-related contract dated June 5, 2026, with a net contracted settlement amount of approximately US$1.20 million (RMB 8.17 million).
The contract covers the provision of smart reading resources and related educational content services for K-12 school applications. The applicable goods and materials were accepted and contractually confirmed on June 8, 2026. The above amount represents the total net contracted settlement amount. Revenue associated with the contract will be recognized in accordance with applicable accounting standards and has not yet been reflected in the Company’s financial results.
Ruanyun Edai Technology believes the contract demonstrates the commercial relevance of its education content and school-facing service capabilities. The Company’s Smart Reading-related offerings are designed to support schools with structured reading materials, content resources and related educational services, while also strengthening the content base that can be used across digital learning, assessment and AI-enabled academic support applications.
“This contract highlights the continuing demand for practical education solutions that can be deployed directly in school environments,” said Maggie Fu, Chief Executive Officer of Ruanyun Edai Technology. “Smart reading resources are an important part of the learning content layer that supports teachers, students and institutional education customers. We believe this type of content-driven activity can complement our broader technology-enabled education strategy as we continue developing the planned Formind Group platform.”
The Company continues to develop its planned Formind Group strategy, under which its education content, assessment, campus services and AI-enabled learning capabilities are expected to support a broader technology-enabled education platform.
About Ruanyun Edai Technology Inc.
Ruanyun Edai Technology Inc. (NASDAQ: RYET) is an AI-driven education and technology company focused on intelligent content recognition, automated assessment, next-generation learning systems and technology-enabled educational support services. The Company is committed to delivering scalable, efficient and intelligent technology solutions globally. Subject to shareholder approval and completion of applicable corporate and regulatory processes, the Company plans to transition to the Formind Group name as part of its broader global strategy.
