Company Signs $500,000 Contract with Saudi Ministry of Education
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 19 2026
0mins
Should l Buy RYET?
The company said, "As the Company advances its next phase, it is also progressing near-term initiatives intended to support international expansion and technology commercialization. In the Middle East, the Company is finalizing its first contract with a Saudi Ministry of Education-affiliated education services provider for Chinese language proficiency testing services, with an expected contract value of approximately greater than $500,000, subject to final execution and customary administrative steps. In the United States, the Company is evaluating a Chinese language learning course initiative under its Hanlink brand in connection with a proposed cooperation under review with a leading U.S. teacher training institution. In parallel, the Company is preparing to introduce an "AI teacher" capability within Hanlink, intended to support classroom instruction and improve scalability in markets experiencing teacher capacity constraints. The Company expects the Formind Group brand to serve as the foundation for continued momentum and increased market visibility, including initiatives that are intended to: pursue international expansion and deepen the Company's market reach across multiple regions; advance technology commercialisation through partnerships, customer programs and product development; and seek to enhance capital markets visibility and strategic optionality as the Company executes its growth roadmap. The Company will provide additional details regarding the General Meeting in due course, including timing, record date, and related materials."
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Analyst Views on RYET
About RYET
Ruanyun Edai Technology Inc is a holding company principally engaged in artificial intelligence (AI) technology kindergarten through year twelve (K-12) education in China. The Company brings technology to schools, and is committed to reforming the traditional Chinese education and learning model by facilitating schools, teachers and students with new teaching, learning, and assessment methods in the AI era. The Company’s products and services include SmartHomework platform, SmartExam solution and others. The Company mainly operates its businesses in the domestic market.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Ruanyun Edai Establishes Regional HQ in Saudi Arabia
- Strategic Hub Establishment: Ruanyun Edai has established its Regional Headquarters in Saudi Arabia, marking a significant milestone in its global expansion strategy, with anticipated revenue growth of 10% for FY2026, increasing from $6.6 million in FY2025 to approximately $7.3 million, reflecting the company's commitment to the MENA market.
- Market Potential Exploration: The company believes that the demand for AI education and digital learning infrastructure in Saudi Arabia is rising, supported by national modernization initiatives and increasing demand for international curricula, providing a strategic platform for expansion and enhancing its competitiveness in the MENA region.
- Revenue Diversification Goals: Ruanyun Edai aims for approximately 60% of its revenue to come from global markets by the end of 2027, indicating its commitment to achieving internationalization through organic growth, strategic investments, and acquisitions, thereby enhancing asset diversity.
- Technological Innovation Advancement: The company plans to launch AI learning platforms and smart examination solutions in Saudi Arabia, aimed at enhancing academic integrity and operational efficiency, while collaborating with local governments and educational institutions to support the development of next-generation digital education infrastructure.
See More
Ruanyun Edai Technology Reports 1H 2026 Financial Results
- Significant Revenue Decline: Ruanyun Edai Technology reported revenue of $366,256 for the six months ended September 30, 2025, a staggering 91.1% decrease from $4,109,689 in the same period of 2024, indicating severe market challenges that threaten the company's operational viability.
- Gross Margin Drop: The gross margin for the first half of 2025 was 26.2%, down from 42.1% in 2024, highlighting the negative impact of rising costs and declining sales on profitability, which may lead to decreased investor confidence.
- Widening Net Loss: The company incurred a net loss of $4,569,013 for the six months ended September 30, 2025, compared to a net loss of $680,241 in the prior year, raising concerns about financial health and potentially affecting future financing capabilities.
- Uncertain Financial Outlook: With the sharp decline in revenue and gross margin, Ruanyun Edai Technology faces an unclear financial outlook, necessitating urgent measures to improve operational efficiency and cost control to avert further financial crises.
See More
Ruanyun Edai Technology Inc. Rebrands to Formind Group Inc.
- Rebranding Initiative: Ruanyun Edai Technology Inc.'s Board has approved a name change to Formind Group Inc., reflecting the company's strategic shift towards a more global future and enhancing its competitive positioning in the market.
- International Expansion Opportunity: The company is finalizing its first contract with a Saudi Ministry of Education-affiliated provider, with an expected value exceeding $500,000, which will lay the groundwork for its expansion into the Middle East market.
- Technology Commercialization Progress: In the U.S., the company is evaluating a Chinese language learning course initiative under its Hanlink brand in collaboration with a leading teacher training institution, while also preparing to introduce an
See More
Ruanyun Edai Technology Secures $100 Million Equity Purchase Facility with ARC Group
- Enhanced Financial Flexibility: Ruanyun has entered into a $100 million equity purchase facility with ARC Group, allowing the company to selectively issue shares over a 36-month period based on market conditions, thereby enhancing its financial flexibility for investments in educational AI platforms.
- Improved Market Responsiveness: This agreement provides Ruanyun with optional liquidity aimed at supporting ongoing investments in educational AI platforms, expanding institutional partnerships, and effectively navigating market volatility, ensuring robust development during technology scaling.
- Strategic Investment Support: Through this financing tool, Ruanyun can manage capital needs flexibly without the obligation to issue shares, ensuring continued innovation and growth in the education technology sector.
- Industry Synergy: ARC Group's investment strategy aligns closely with Ruanyun's focus on educational AI platform development, indicating a shared vision for promoting sustainable growth in educational technology.
See More
Ruanyun Edai Technology Secures $100 Million Equity Purchase Facility with ARC Group
- Enhanced Financial Flexibility: Ruanyun has entered into a $100 million equity purchase facility with ARC Group, allowing the company to selectively issue shares over a 36-month period based on market conditions, thereby enhancing its financial flexibility for investments in educational AI platforms.
- Improved Market Responsiveness: This agreement provides Ruanyun with optional liquidity to support ongoing investments in educational technology during market volatility, ensuring the company's competitiveness in the education technology sector.
- Deepened Strategic Partnerships: By collaborating with ARC, Ruanyun can expand its institutional and platform partnerships, further driving market penetration of its educational AI solutions and enhancing its influence in the industry.
- Increased Management Confidence: CEO Yan Fu stated that the agreement allows the company to manage liquidity flexibly without the obligation to issue shares, ensuring continued investment in technology and long-term growth.
See More
Gorilla Technology Shares Rise Approximately 14%; Check Out 20 Stocks Making Moves in Premarket Trading
Gorilla Technology Group Performance: Gorilla Technology Group Inc. reported a 32% year-over-year revenue increase to $26.5 million for Q3, leading to a 13.7% rise in its share price during pre-market trading.
Other Gainers in Pre-Market Trading: Notable stocks that surged include Olema Pharmaceuticals (up 53%), Lobo Technologies (up 40.3%), and Aspire Biopharma (up 30.7%), among others.
Losers in Pre-Market Trading: LifeMD Inc. saw a significant drop of 26.2% after disappointing financial results, while Alpha Technology Group and NextPlat Corp also experienced notable declines.
Market Overview: The pre-market trading session showed a mix of gains and losses across various stocks, with some companies reporting strong earnings while others faced setbacks.
See More
Ruanyun Edai Establishes Regional HQ in Saudi Arabia
- Strategic Hub Establishment: Ruanyun Edai has established its Regional Headquarters in Saudi Arabia, marking a significant milestone in its global expansion strategy, with anticipated revenue growth of 10% for FY2026, increasing from $6.6 million in FY2025 to approximately $7.3 million, reflecting the company's commitment to the MENA market.
- Market Potential Exploration: The company believes that the demand for AI education and digital learning infrastructure in Saudi Arabia is rising, supported by national modernization initiatives and increasing demand for international curricula, providing a strategic platform for expansion and enhancing its competitiveness in the MENA region.
- Revenue Diversification Goals: Ruanyun Edai aims for approximately 60% of its revenue to come from global markets by the end of 2027, indicating its commitment to achieving internationalization through organic growth, strategic investments, and acquisitions, thereby enhancing asset diversity.
- Technological Innovation Advancement: The company plans to launch AI learning platforms and smart examination solutions in Saudi Arabia, aimed at enhancing academic integrity and operational efficiency, while collaborating with local governments and educational institutions to support the development of next-generation digital education infrastructure.
See More
Ruanyun Edai Technology Reports 1H 2026 Financial Results
- Significant Revenue Decline: Ruanyun Edai Technology reported revenue of $366,256 for the six months ended September 30, 2025, a staggering 91.1% decrease from $4,109,689 in the same period of 2024, indicating severe market challenges that threaten the company's operational viability.
- Gross Margin Drop: The gross margin for the first half of 2025 was 26.2%, down from 42.1% in 2024, highlighting the negative impact of rising costs and declining sales on profitability, which may lead to decreased investor confidence.
- Widening Net Loss: The company incurred a net loss of $4,569,013 for the six months ended September 30, 2025, compared to a net loss of $680,241 in the prior year, raising concerns about financial health and potentially affecting future financing capabilities.
- Uncertain Financial Outlook: With the sharp decline in revenue and gross margin, Ruanyun Edai Technology faces an unclear financial outlook, necessitating urgent measures to improve operational efficiency and cost control to avert further financial crises.
See More
Ruanyun Edai Technology Inc. Rebrands to Formind Group Inc.
- Rebranding Initiative: Ruanyun Edai Technology Inc.'s Board has approved a name change to Formind Group Inc., reflecting the company's strategic shift towards a more global future and enhancing its competitive positioning in the market.
- International Expansion Opportunity: The company is finalizing its first contract with a Saudi Ministry of Education-affiliated provider, with an expected value exceeding $500,000, which will lay the groundwork for its expansion into the Middle East market.
- Technology Commercialization Progress: In the U.S., the company is evaluating a Chinese language learning course initiative under its Hanlink brand in collaboration with a leading teacher training institution, while also preparing to introduce an
See More
Ruanyun Edai Technology Secures $100 Million Equity Purchase Facility with ARC Group
- Enhanced Financial Flexibility: Ruanyun has entered into a $100 million equity purchase facility with ARC Group, allowing the company to selectively issue shares over a 36-month period based on market conditions, thereby enhancing its financial flexibility for investments in educational AI platforms.
- Improved Market Responsiveness: This agreement provides Ruanyun with optional liquidity aimed at supporting ongoing investments in educational AI platforms, expanding institutional partnerships, and effectively navigating market volatility, ensuring robust development during technology scaling.
- Strategic Investment Support: Through this financing tool, Ruanyun can manage capital needs flexibly without the obligation to issue shares, ensuring continued innovation and growth in the education technology sector.
- Industry Synergy: ARC Group's investment strategy aligns closely with Ruanyun's focus on educational AI platform development, indicating a shared vision for promoting sustainable growth in educational technology.
See More
Ruanyun Edai Technology Secures $100 Million Equity Purchase Facility with ARC Group
- Enhanced Financial Flexibility: Ruanyun has entered into a $100 million equity purchase facility with ARC Group, allowing the company to selectively issue shares over a 36-month period based on market conditions, thereby enhancing its financial flexibility for investments in educational AI platforms.
- Improved Market Responsiveness: This agreement provides Ruanyun with optional liquidity to support ongoing investments in educational technology during market volatility, ensuring the company's competitiveness in the education technology sector.
- Deepened Strategic Partnerships: By collaborating with ARC, Ruanyun can expand its institutional and platform partnerships, further driving market penetration of its educational AI solutions and enhancing its influence in the industry.
- Increased Management Confidence: CEO Yan Fu stated that the agreement allows the company to manage liquidity flexibly without the obligation to issue shares, ensuring continued investment in technology and long-term growth.
See More
Gorilla Technology Shares Rise Approximately 14%; Check Out 20 Stocks Making Moves in Premarket Trading
Gorilla Technology Group Performance: Gorilla Technology Group Inc. reported a 32% year-over-year revenue increase to $26.5 million for Q3, leading to a 13.7% rise in its share price during pre-market trading.
Other Gainers in Pre-Market Trading: Notable stocks that surged include Olema Pharmaceuticals (up 53%), Lobo Technologies (up 40.3%), and Aspire Biopharma (up 30.7%), among others.
Losers in Pre-Market Trading: LifeMD Inc. saw a significant drop of 26.2% after disappointing financial results, while Alpha Technology Group and NextPlat Corp also experienced notable declines.
Market Overview: The pre-market trading session showed a mix of gains and losses across various stocks, with some companies reporting strong earnings while others faced setbacks.
See More
