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Ruanyun Edai (NASDAQ: RYET) secures $1.20M smart reading deal

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(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Ruanyun Edai Technology Inc. has completed a smart reading-related book sales contract with Nanjing Fanshufang Culture Technology worth approximately US$1.20 million (RMB 8.17 million). The one-year contract, ending on June 4, 2027, covers K-12 smart reading resources and related educational content services.

The goods and materials were accepted and contractually confirmed on June 8, 2026. Revenue from this contract will be recognized under applicable accounting standards and is not yet reflected in the company’s financial results. Management views this agreement as supporting its broader AI-enabled education and planned Formind Group platform strategy.

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Insights

$1.20M K-12 content contract reinforces Ruanyun Edai’s school-facing business but revenue has not yet been recognized.

Ruanyun Edai Technology completed a smart reading contract with Nanjing Fanshufang Culture Technology, with a net contracted settlement amount of about US$1.20 million for K-12 books and related digital content over a one-year term ending June 4, 2027.

The contract’s goods were accepted and confirmed on June 8, 2026, yet associated revenue has not entered reported financials and will follow applicable accounting standards. This suggests a near-term revenue contribution once recognized but does not yet change reported performance.

Strategically, management highlights that smart reading resources support its AI-enabled education ecosystem and planned Formind Group platform. Actual financial impact will depend on execution, cash collection and the company’s ability to replicate similar school-facing contracts.

Contract value US$1.20 million Net contracted settlement amount for smart reading-related contract
Contract value (RMB) RMB 8.17 million Net contracted settlement amount denominated in RMB
Contract term end date June 4, 2027 One-year Sales Agreement term for K-12 smart reading resources
Goods acceptance date June 8, 2026 Goods and materials accepted and contractually confirmed
Press release date June 9, 2026 Company press release announcing contract fulfillment
material definitive agreement regulatory
"Entry into a Material Definitive Agreement. On June 5, 2026, a subsidiary..."
A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.
smart reading resources financial
"for the sale of certain books and related book products... as smart reading resources"
education technology ecosystem financial
"educational content services support the Company’s broader AI-enabled education technology ecosystem"
Formind Group strategy financial
"as we continue developing the planned Formind Group platform"
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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What contract did Ruanyun Edai Technology (RYET) announce in June 2026?

Ruanyun Edai Technology announced completion of a smart reading-related book sales contract with Nanjing Fanshufang Culture Technology, covering K-12 reading resources and educational content services under a one-year agreement ending June 4, 2027.

What is the value of Ruanyun Edai Technology’s new K-12 smart reading contract?

The contract has a net contracted settlement amount of approximately US$1.20 million (RMB 8.17 million). This figure represents the total net contracted value for providing K-12 smart reading resources and related educational content services under the one-year agreement.

Has Ruanyun Edai Technology (RYET) recognized revenue from the US$1.20 million contract?

Revenue from the approximately US$1.20 million smart reading contract has not yet been reflected in Ruanyun Edai Technology’s financial results. It will be recognized over time in accordance with applicable accounting standards once the criteria for revenue recognition are met.

When were the goods under Ruanyun Edai Technology’s smart reading contract accepted?

The applicable goods and materials under the smart reading contract were accepted and contractually confirmed on June 8, 2026. This acceptance date is important because it underpins revenue recognition timing and confirms performance under the agreement’s quality and delivery terms.

How does the smart reading contract fit Ruanyun Edai Technology’s Formind Group strategy?

Ruanyun Edai Technology states that smart reading resources strengthen the content layer supporting its AI-enabled education offerings. Management believes such contracts align with the planned Formind Group platform, integrating content, assessment, campus services and AI-based learning capabilities.

What type of products are included in Ruanyun Edai Technology’s new contract?

The contract covers books and related book products suitable for K-12 schools, described as smart reading resources and related educational content services. These offerings are intended to support structured reading materials, content resources and school-facing education services within its AI-driven ecosystem.

 

 

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

 

Entry into a Material Definitive Agreement.

 

On June 5, 2026, a subsidiary of Ruanyun Edai Technology Inc. (the “Company”) entered into a book sales contract (the “Sales Agreement”) with Nanjing Fanshufang Culture Technology Co., Ltd. for the sale of certain books and related book products suitable for use in K-12 schools, referred to by the Company as smart reading resources and related educational content services. The term of the Sales Agreement is the one year ending June 4, 2027. The Sales Agreement contains customary terms regarding quality specifications, delivery and acceptance, and payment, as well as certain provisions relating to any breach of the Sales Agreement. The Sales Agreement has a net contracted settlement amount of approximately US$1.20 million (RMB 8.17 million). The applicable goods and materials under the Sales Agreement were accepted and contractually confirmed on June 8, 2026. Revenue associated with the Sales Agreement will be recognized in accordance with applicable accounting standards and has not yet been reflected in the Company’s financial results.

 

The foregoing description of the Sales Agreement is qualified in its entirety by reference to the full text of the Sales Agreement, which is attached hereto as Exhibit 10.1, and which is incorporated herein in its entirety by reference.

 

Press Release.

 

In connection with the Sales Agreement, on June 9, 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
10.1  

Unofficial English Translation of Book Sales Contract with Nanjing Fanshufang Culture Technology Co., Ltd., dated June 5, 2026

99.1   Press Release, dated June 9, 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 10, 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 09, 2026 08:30 ET

 

Ruanyun Edai Technology Completes Smart Reading- Related Contract Valued at Approximately US$1.20 Million

 

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 Companys 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.

 

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 the Company’s Smart Reading-related business, the contract described in this press release, revenue recognition associated with the contract, the Company’s education content and services capabilities, the Company’s planned Formind Group transition, operating model, international expansion, technology capabilities and future growth strategy.

 

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. These risks and uncertainties include, without limitation, the Company’s ability to collect amounts due under commercial contracts, recognize revenue in accordance with applicable accounting standards, avoid customer disputes, returns, offsets or other post-acceptance adjustments, maintain customer relationships, deliver products and services on acceptable terms, integrate its education content and technology solutions, expand into new markets, execute its planned Formind Group strategy, obtain shareholder and regulatory approvals where required, and respond to competitive, regulatory, economic and operational developments. Additional risks and uncertainties are described in the Company’s filings with the U.S. Securities and Exchange Commission.

 

The Company undertakes no obligation to update any forward-looking statements, except as required by law.

 

 

Filing Exhibits & Attachments

2 documents