Ruanyun Edai Technology Inc

RYET

Market cap $39M

New Malaysian subsidiary is intended to serve as part of the operating platform for the Company's global expansion, institutional education initiatives and planned transition toward the Formind Group identity

Framework with Umm Al-Qura University-owned technology and investment company to explore AI education, language testing and Saudi market initiatives Nanchang, China, May 04, 2026 (GLOBE NEWSWIRE) -- Ruanyun Edai Technology Inc. (NASDAQ: RYET) (the “Company”), an AI-driven education technology company focused on intelligent content recognition, automated assessment and next-generation learning systems, today announced that Soft Cloud Smart Technology Company, the Company's subsidiary overseeing its Saudi Regional Headquarters, has signed a Memorandum of Understanding (“MOU”) with Wadi Makkah Technology Company (“Wadi Makkah”), a Saudi technology and investment company wholly owned by Umm Al-Qura University. The MOU establishes a preliminary framework to explore potential cooperation in the Kingdom of Saudi Arabia.

HanLink initiative builds on progress in Saudi Arabia and aligns with Ruanyun's ongoing globalization strategy, planned branding transition to Formind Group, and set target of deriving approximately 60% of revenue from international markets by the end of 2027. NANCHANG, China, April 22, 2026 (GLOBE NEWSWIRE) -- Ruanyun Edai Technology Inc. (NASDAQ: RYET) (“Ruanyun Edai Technology,” “RYET,” or the “Company”), an AI-driven education technology company focused on intelligent content recognition, automated assessment and next-generation learning systems, today announced the launch of a pilot project with the Center on Chinese Education at Teachers College, Columbia University as part of its broader expansion into educational institutional support services.

Company positions Saudi Arabia as strategic MENA hub and anticipates second-half 2026 revenue increase with expectations of 10% revenue growth year-over-year for FY2026 from $6.6M in FY2025

NANCHANG, China, March 30, 2026 (GLOBE NEWSWIRE) -- Ruanyun Edai Technology Inc. (NASDAQ: RYET) (“Ruanyun” or the “Company”), an innovative artificial intelligence (“AI”) driven education technology company focused on developing and delivering AI-enabled digital education platforms, including intelligent learning tools, assessment platforms, and adaptive learning systems, today announced its unaudited interim financial results for the six months ended September 30, 2025.

New York, NY, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Ruanyun Edai Technology Inc. (Nasdaq: RYET, the “Company”) today announced that its Board of Directors has approved a rebranding initiative to rename the Company to Formind Group Inc. (the “Rebranding”). The Company intends to seek shareholder approval for the proposed name change at an upcoming general meeting (the “General Meeting”). Subject to shareholder approval and customary corporate, Nasdaq and administrative processes, the Company intends to change its Nasdaq trading symbol to “FMND,” which has been reserved.

Nanchang, China, Dec. 18, 2025 (GLOBE NEWSWIRE) -- Ruanyun Edai Technology Inc. (“Ruanyun” or the “Company”) (Nasdaq: RYET), an education-focused artificial intelligence company delivering AI-enabled learning, assessment, and digital education solutions globally, today announced that it has entered into a $100 million equity purchase facility with ARC Group International Ltd. (“ARC”), a global investment bank.

Nanchang, China, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Ruanyun Edai Technology Inc. (“Ruanyun” or the “Company”) (NASDAQ: RYET), a leading AI-powered education technology company in China, today announced that its multimodal AI agent, Cogni AI, which offers visual understanding and semantic recognition capabilities, has entered commercial service first in China. Cogni AI autonomously interprets document images and proactively extracts, structures and evaluates key information. The agent combines collaborative visual layout analysis, semantic field recognition and an integrated quality‑control framework to support large‑scale digitization and cross‑industry document automation.

NANCHANG, China, July 31, 2025 (GLOBE NEWSWIRE) -- Ruanyun Edai Technology Inc. (“Ruanyun” or the “Company”) (NASDAQ: RYET), a leading AI-powered education technology company in China, today announced its financial results for the fiscal year ended March 31, 2025.

Nanchang, China, July 11, 2025 (GLOBE NEWSWIRE) -- Ruanyun Edai Technology Inc. (“Ruanyun” or the “Company”) (NASDAQ: RYET), a leading AI-powered education technology company in China, today announced the signing of a strategic cooperation agreement (the “Agreement”) with the Confucius Institute at Prince Sultan University (“PSU”). The Agreement advances HanLink, the Company's innovative Chinese language learning platform, from its initial market entry to the core digital infrastructure of Saudi Arabia's first national online Confucius Institute and embeds the platform into PSU's accredited Chinese language curriculum.