Ruanyun Edai Technology Renamed to Formind Group
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 19 2026
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Should l Buy RYET?
Ruanyun Edai Technology announced that its Board of Directors has approved a rebranding initiative to rename the Company to Formind Group. The Company intends to seek shareholder approval for the proposed name change at an upcoming 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. The Rebranding reflects the Company's next phase - positioning the business for a broader, more global future and a platform designed to support international expansion, technology commercialisation, and a series of strategic actions over time. "Today marks a transformative inflection point for our Company," said Maggie Fu, CEO. "Formind Group signals where we are headed: building a more globally oriented platform with the ambition, focus, and flexibility to execute on the opportunities in front of us. We view this rebranding as a starting point - one that better aligns our identity with the future we are building for shareholders."
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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 Establishes Malaysian Subsidiary for Global Expansion
- Global Expansion Platform: Ruanyun Edai Technology Inc. has established Formind Global Holdings Sdn. Bhd. in Malaysia, intended to serve as an operational platform for its global expansion and educational initiatives, marking a significant step in the company's transition to the Formind Group identity.
- Strategic Base Selection: Malaysia is viewed as a strategic base connecting Southeast Asia, China, and MENA, expected to support the company's international education partnerships, technology deployment, and cross-border student services, enhancing its competitiveness in global markets.
- Revenue Target Setting: The company aims to derive approximately 60% of total revenue from global markets by the end of 2027, leveraging international expansion and strategic investments to drive business growth, with Formind Global's establishment providing essential support for this goal.
- International Cooperation Opportunities: Through Formind Global, Ruanyun will evaluate international cooperation opportunities in educational support, language training, and technology commercialization, further advancing its global business development and market penetration.
See More
Ruanyun Technology Expands into Global Educational Services
- International Collaboration Framework: Ruanyun Technology has signed a Memorandum of Understanding with City University Malaysia to explore collaborative opportunities in cross-border education and talent development, marking a strategic expansion into international markets.
- Revenue Target: The company aims to derive 60% of its revenue from international markets by 2027, and this partnership is expected to contribute significantly to achieving that goal, enhancing its competitiveness in global educational support services.
- Diversification Strategy: Through collaboration with City University Malaysia, Ruanyun seeks to establish a more diversified educational platform, promoting joint initiatives in language training and corporate training, thereby increasing its influence in the Southeast Asian education market.
- Funding Support: The recently announced $1.73 million strategic financing will support the company's global expansion plans and further development of educational support services, aiding its transition towards internationalization.
See More
Ruanyun Edai Technology Secures $1.73M in Strategic Financing
- Financing Completion: Ruanyun Edai Technology announced on Wednesday the closure of $1.73M in strategic financing led by AC Sunshine Securities, indicating continued investor support for the company's global strategy and operational progress.
- Unit Price Setting: The financing was completed at a purchase price of $1.00 per unit, with each unit consisting of one ordinary share and 5% additional pre-funded warrants, reflecting market confidence in the company's future development.
- Planned Use of Funds: The company intends to deploy the proceeds to accelerate international growth initiatives, including the expansion of its Saudi Arabia Regional Headquarters and broader MENA operations, as well as the deployment of AI-powered education platforms.
- Strategic Development Direction: Ruanyun Edai Technology will continue to advance strategic partnerships, investments, and selective M&A opportunities aligned with global expansion, while executing its planned transition to the new identity Formind Group.
See More
Ruanyun Edai Technology Secures $1.73 Million Financing
- Financing Amount and Unit Price: Ruanyun Edai Technology successfully closed a $1.73 million strategic financing at a unit price of $1.00 per share, reflecting continued investor support for the company's global strategy and operational progress.
- Capital Utilization and Global Expansion: The proceeds will accelerate international growth initiatives, including establishing a regional headquarters in Saudi Arabia and expanding operations in the MENA region, while commercializing AI education platforms to enhance competitiveness in global markets.
- Revenue Growth Expectations: The company anticipates revenue growth for fiscal 2026 compared to fiscal 2025, with a significant portion expected in the second half of the year, indicating improved business momentum and operational scale.
- Global Diversification Strategy: The company aims for approximately 60% of its revenue to come from global markets by the end of 2027, supporting its strategic transition to the Formind Group identity, with a focus on long-term growth through international expansion and strategic investments.
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 Establishes Malaysian Subsidiary for Global Expansion
- Global Expansion Platform: Ruanyun Edai Technology Inc. has established Formind Global Holdings Sdn. Bhd. in Malaysia, intended to serve as an operational platform for its global expansion and educational initiatives, marking a significant step in the company's transition to the Formind Group identity.
- Strategic Base Selection: Malaysia is viewed as a strategic base connecting Southeast Asia, China, and MENA, expected to support the company's international education partnerships, technology deployment, and cross-border student services, enhancing its competitiveness in global markets.
- Revenue Target Setting: The company aims to derive approximately 60% of total revenue from global markets by the end of 2027, leveraging international expansion and strategic investments to drive business growth, with Formind Global's establishment providing essential support for this goal.
- International Cooperation Opportunities: Through Formind Global, Ruanyun will evaluate international cooperation opportunities in educational support, language training, and technology commercialization, further advancing its global business development and market penetration.
See More
Ruanyun Technology Expands into Global Educational Services
- International Collaboration Framework: Ruanyun Technology has signed a Memorandum of Understanding with City University Malaysia to explore collaborative opportunities in cross-border education and talent development, marking a strategic expansion into international markets.
- Revenue Target: The company aims to derive 60% of its revenue from international markets by 2027, and this partnership is expected to contribute significantly to achieving that goal, enhancing its competitiveness in global educational support services.
- Diversification Strategy: Through collaboration with City University Malaysia, Ruanyun seeks to establish a more diversified educational platform, promoting joint initiatives in language training and corporate training, thereby increasing its influence in the Southeast Asian education market.
- Funding Support: The recently announced $1.73 million strategic financing will support the company's global expansion plans and further development of educational support services, aiding its transition towards internationalization.
See More
Ruanyun Edai Technology Secures $1.73M in Strategic Financing
- Financing Completion: Ruanyun Edai Technology announced on Wednesday the closure of $1.73M in strategic financing led by AC Sunshine Securities, indicating continued investor support for the company's global strategy and operational progress.
- Unit Price Setting: The financing was completed at a purchase price of $1.00 per unit, with each unit consisting of one ordinary share and 5% additional pre-funded warrants, reflecting market confidence in the company's future development.
- Planned Use of Funds: The company intends to deploy the proceeds to accelerate international growth initiatives, including the expansion of its Saudi Arabia Regional Headquarters and broader MENA operations, as well as the deployment of AI-powered education platforms.
- Strategic Development Direction: Ruanyun Edai Technology will continue to advance strategic partnerships, investments, and selective M&A opportunities aligned with global expansion, while executing its planned transition to the new identity Formind Group.
See More
Ruanyun Edai Technology Secures $1.73 Million Financing
- Financing Amount and Unit Price: Ruanyun Edai Technology successfully closed a $1.73 million strategic financing at a unit price of $1.00 per share, reflecting continued investor support for the company's global strategy and operational progress.
- Capital Utilization and Global Expansion: The proceeds will accelerate international growth initiatives, including establishing a regional headquarters in Saudi Arabia and expanding operations in the MENA region, while commercializing AI education platforms to enhance competitiveness in global markets.
- Revenue Growth Expectations: The company anticipates revenue growth for fiscal 2026 compared to fiscal 2025, with a significant portion expected in the second half of the year, indicating improved business momentum and operational scale.
- Global Diversification Strategy: The company aims for approximately 60% of its revenue to come from global markets by the end of 2027, supporting its strategic transition to the Formind Group identity, with a focus on long-term growth through international expansion and strategic investments.
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
