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Ruanyun Edai (NASDAQ: RYET) launches Formind Global student services deal

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Form Type
6-K

Rhea-AI Filing Summary

Ruanyun Edai Technology Inc. is launching its international education and student support services through a new student recruitment and support services agreement between its Malaysia-based platform, Formind Global Holdings Sdn. Bhd., and City University Malaysia.

Formind Global will promote eligible programs, handle student inquiries, support applications and admissions documentation, and assist with recruitment reporting across foundation, diploma, bachelor’s, master’s and doctorate programs. The agreement is fully commission-based, with fixed per-student commissions only for students who are successfully recruited, accepted, enrolled and paid under the agreement, so any revenue impact will depend on actual enrollment outcomes.

The company views this as the first operating step for its Formind Global headquarters platform and a practical link between its earlier cooperation framework with City University Malaysia, the establishment of Formind Global in Malaysia, and its broader shift toward global education support services alongside its AI education technologies and other Formind initiatives.

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student recruitment and support services agreement financial
"has entered into a student recruitment and support services agreement with City University Malaysia"
performance-based model financial
"The Company expects this performance-based model to provide an initial commercial framework"
A performance-based model is a way of structuring payments, fees or rewards so that money flows depend on achieving specific, measurable results rather than fixed inputs. For investors this matters because it links revenue and risk to real outcomes—like customer retention, sales targets or clinical improvements—so returns can grow faster if goals are met but can also be more volatile if targets are missed, similar to betting on results instead of a fixed paycheck.
international education and student support services financial
"launch of the Company’s international education and student support services initiative"
forward-looking statements regulatory
"This press release contains forward-looking statements within the meaning of applicable securities laws"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Formind Global Holdings Sdn. Bhd. financial
"Formind Global Holdings Sdn. Bhd. (“Formind Global”), the Company’s Malaysia-based global headquarters platform"
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Learn about SEC filing dates

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE

 

SECURITIES EXCHANGE ACT OF 1934

 

For the month of June, 2026

 

Commission File Number 001-42576

 

Ruanyun Edai Technology Inc.

(Translation of registrant’s name into English)

 

No. 698 Jing Dong Avenue, ZheJiang University HighTech Campus

Nanchang, Jiangxi, China 330096

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F Form 40-F

 

 

 

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

 

Press Release.

 

On June 24, 2026, the Company issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

 

Financial Statement and Exhibits.

 

(d) Exhibits.

 

Exhibit No.   Description
99.1   Press Release, dated June 24, 2026
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: June 24, 2026 Ruanyun Edai Technology Inc.
     
  By: /s/ Yan Fu
  Name: Yan Fu
  Title: Director and Chief Executive Officer

 

 

 

 

EXHIBIT 99.1

 

Source: Ruanyun Edai Technology Inc. June 24, 2026 09:00 ET

 

Ruanyun Edai Technology Launches International Education and Student Support Services Through First Announced Formind Global Agreement with City University Malaysia

 

Agreement advances previously announced City University Malaysia cooperation and marks first operating step through the Company’s Malaysia- based global headquarters platform

 

KUALA LUMPUR, Malaysia, June 24, 2026 (GLOBE NEWSWIRE) -- Ruanyun Edai Technology Inc. (NASDAQ: RYET) (“Ruanyun,” “RYET” or the “Company”), an AI-driven education and technology company advancing its planned transformation into Formind Group, today announced that Formind Global Holdings Sdn. Bhd. (“Formind Global”), the Company’s Malaysia-based global headquarters platform, has entered into a student recruitment and support services agreement with City University Malaysia through its related operating entity, City Education Sdn. Bhd.

 

The agreement represents the first announced operating agreement entered into through Formind Global and marks the launch of the Company’s international education and student support services initiative. It also advances the Company’s previously announced cooperation with City University Malaysia, under which the parties agreed to explore cross-border education, talent development, student support and related international education opportunities.

 

Under the agreement, Formind Global will support City University Malaysia’s international student recruitment activities by promoting eligible education pathways, responding to student inquiries, providing program information and counselling support, assisting prospective students with application materials, coordinating admissions-related documentation and supporting recruitment reporting and follow-up. The agreement covers qualifying education programs across foundation, diploma, bachelor’s, master’s and doctorate levels.

 

Formind Global is eligible to receive fixed per-student commissions for qualifying students who are successfully recruited, accepted, enrolled and paid in accordance with the agreement. The Company expects this performance-based model to provide an initial commercial framework for Formind Global’s international education and student support services platform, while aligning compensation with actual student enrollment outcomes.

 

“Formind Global was established to give our planned Formind strategy an international operating base,” said Maggie Fu, Chief Executive Officer of Ruanyun. “This agreement with City University Malaysia is an important first step. It moves our Malaysia strategy from cooperation framework to operating execution and formally launches our international education and student support services initiative.”

 

Ms. Fu continued, “International education increasingly requires more than institutional relationships. Students need pathway guidance, admissions support, language readiness, mobility support and practical coordination across markets. Through Formind Global, we intend to build operating channels that connect students, institutions and education partners across selected international markets.”

 

The Company believes the agreement is strategically significant because it connects three elements of its recent transition: the previously announced City University Malaysia cooperation, the establishment of Formind Global in Malaysia, and the Company’s broader expansion into global education support services. The Company expects international education and student support services to complement its existing and emerging initiatives, including AI education technologies, HanLink, smart campus services, institutional education support and other Formind platform initiatives.

 

 

 

 

The agreement is commission-based and does not provide for guaranteed student numbers or minimum revenue. Any revenue contribution will depend on successful student recruitment, acceptance, enrollment, payment, applicable refund periods and other terms of the agreement.

 

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.

 

Investor Relations and Corporate Communications

FSR Capital, a FSR Group Company

Email: ir@fsr.group

 

Forward-Looking Statements

 

This press release contains forward-looking statements within the meaning of applicable securities laws, including statements regarding Formind Global, the Company’s planned transition toward the Formind Group identity, the role of the Company’s Malaysia-based global headquarters platform, the Company’s international education and student support services initiative, student recruitment, admissions support, potential commissions, future revenue contribution, international expansion, institutional partnerships and future operating initiatives. Forward-looking statements are based on current expectations, estimates, assumptions and projections and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include, without limitation, risks relating to the Company’s ability to implement its planned Formind strategy; the timing and completion of shareholder approvals, regulatory processes and other corporate actions relating to the planned name transition; the ability of Formind Global to develop operating channels and commercial relationships; the non-exclusive and performance-based nature of the student recruitment agreement; the absence of guaranteed student enrollments, minimum revenue or minimum commissions; student acceptance, enrollment, payment and withdrawal or refund outcomes; admissions, visa, immigration, academic, regulatory and institutional approval processes; partner performance and cooperation; market demand for international education and student support services; currency, tax, compliance and operating risks in international markets; revenue recognition, consolidation and audit review; and the risks described in the Company’s filings with the U.S. Securities and Exchange Commission. The agreement does not guarantee any student enrollment, minimum revenue or future financial contribution. The Company undertakes no obligation to update any forward-looking statements except as required by law.

 

 

 

FAQ

What agreement did Ruanyun Edai (RYET) announce with City University Malaysia?

Ruanyun Edai announced a student recruitment and support services agreement between Formind Global and City University Malaysia. Formind Global will promote programs, assist with applications and documentation, and support international student recruitment across multiple degree levels on a commission-based, performance-linked model.

How will Ruanyun Edai (RYET) earn revenue from the Formind Global and City University Malaysia agreement?

Formind Global is eligible for fixed per-student commissions only when students are successfully recruited, accepted, enrolled and paid under the agreement. There are no guaranteed student numbers or minimum revenue, so financial contribution will depend entirely on actual international enrollment outcomes.

Why is the City University Malaysia agreement important to Ruanyun Edai (RYET)?

The agreement is described as the first operating agreement for Formind Global and formally launches Ruanyun Edai’s international education and student support services initiative. It connects prior cooperation with City University Malaysia, the new Malaysia headquarters platform, and the company’s broader global education support strategy.

What services will Formind Global provide under the Ruanyun Edai (RYET) agreement?

Formind Global will promote eligible education pathways, answer student inquiries, provide program information and counselling, help prepare application materials, coordinate admissions-related documentation, and support recruitment reporting and follow-up for foundation through doctorate programs at City University Malaysia.

Does the Ruanyun Edai (RYET) agreement guarantee future student numbers or revenue?

The agreement is explicitly commission-based and non-guaranteed. It does not provide for guaranteed student enrollment, minimum revenue or minimum commissions, so future revenue contribution will depend on student recruitment, acceptance, enrollment, payment and applicable refund or withdrawal outcomes.

Filing Exhibits & Attachments

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