HanLink Advances Saudi Commercialization as Ruanyun's Strategic Associate Signs Learning Time International Schools Agreement

RIYADH, Saudi Arabia, Sept. 16, 2026 (GLOBE NEWSWIRE) -- Ruanyun Edai Technology Inc. (NASDAQ: RYET) ("Ruanyun" or the "Company") announced that Link Door Smart Company ("Link Door"), its Saudi‑based strategic associate, has signed a procurement and service agreement with Learning Time International Schools for the HanLink Chinese Learning Platform. The agreement adds a paid school contract to HanLink's development in Saudi Arabia, where the platform combines classroom learning tools with an AI "Han" teacher that supports individual language practice beyond scheduled lessons.

The agreement has a total value of SAR100,000, excluding VAT, and covers a non‑exclusive, non‑transferable platform license for the 2026/2027 academic year. Link Door is responsible for platform deployment and account activation, basic operational training for teachers and administrators, and technical support, maintenance and system updates during the contract term.

From Saudi Pilot to School Contract

HanLink's Saudi development began with classroom experience. In May 2025, Ruanyun announced the platform's launch and a four‑week pilot at Education & Skills International School in Riyadh. The pilot introduced HanLink into a school setting, providing an early opportunity to observe how students and teachers used AI‑assisted Chinese language learning tools.

The project then broadened into institutional cooperation. In July 2025, Ruanyun announced a strategic cooperation agreement with the Confucius Institute at Prince Sultan University, with plans encompassing Chinese language instruction, localized learning materials and educator development. That agreement contemplated combining HanLink with teaching resources and institutional support tailored to Saudi learners.

In May 2026, Ruanyun announced Link Door's procurement and service agreement with Alfyaseh Trading Est., taking a further commercial step through a Saudi customer‑facing partner. The Learning Time International Schools agreement now carries that progression into a contract covering platform access and support for a school academic year.

From Classroom Learning to Individual AI Practice

HanLink's AI "Han" teacher is designed to provide round‑the‑clock language practice, questions and answers, and learning consultation in Arabic, English and Chinese. Students can continue practising beyond scheduled lessons through pronunciation feedback, Chinese character exercises and conversational activities. The Company believes that access to individual AI interaction can support a more learner‑centred approach, giving students additional opportunities to practise at their own pace.

The Learning Time International Schools agreement combines platform access with account setup, basic training for teachers and administrators, and continuing technical support. It follows HanLink's earlier Saudi pilot work and local commercialization arrangements, bringing those capabilities into a paid contract for the 2026/2027 academic year. Deployment is contractually due within five business days after Link Door receives the initial payment; the agreement provides for a term of one academic year from official activation.

"Our aim is to make Chinese language practice available whenever a student is ready to learn. A scheduled lesson can introduce a concept, while individual interaction with AI Han gives students opportunities to ask questions, practise pronunciation and revisit material afterwards. We believe this connection between classroom learning and continued individual practice is central to HanLink's value for schools and learners as we develop its international business."

Maggie Fu, Chief Executive Officer, Ruanyun Edai Technology Inc.

Related Party Disclosure

Link Door is a separately owned Saudi company. As previously disclosed, Link Door is 75% owned by Maggie Fu, the Company's Chief Executive Officer, and 25% owned by Cong Zhao, the Company's Chief Technology Officer. The procurement and service agreement described in this release is between Link Door and Learning Time International Schools; Ruanyun is not a signatory to that agreement. The Company's previously disclosed HanLink licensing arrangement with Link Door is through Jiangxi Ruanyun Technology Co., Ltd., its consolidated variable interest entity in China.

Link Door's status as a strategic associate does not, by itself, mean that it is a subsidiary of Ruanyun or consolidated in Ruanyun's financial statements. The SAR100,000 contract value is not equivalent to Ruanyun revenue, backlog or cash receipts. Any amounts attributable to Ruanyun's operating entities, and the timing of any revenue recognition, depend on the applicable licensing and service arrangements, performance obligations, collectability and relevant accounting requirements.

About HanLink

HanLink is an AI‑assisted Chinese language learning platform developed within the Ruanyun ecosystem. Its AI "Han" teacher provides language practice, questions and answers, and learning consultation. The platform also includes pronunciation and Chinese character practice, conversational activities, teacher tools and learning analytics, supporting learning during and beyond scheduled lessons.

About Ruanyun Edai Technology Inc.

Ruanyun Edai Technology Inc. is an AI‑driven education technology company focused on intelligent content recognition, automated assessment and next‑generation learning systems. The Company has historically developed and provided AI‑enabled teaching, learning and assessment solutions, including smart homework, smart examination and digital education services. Subject to shareholder approval and applicable corporate and regulatory processes, the Company plans to transition toward the Formind Group identity as part of its broader strategy to expand its AI education, language learning, institutional education support and global technology initiatives.

Forward-Looking Statements

This press release contains forward‑looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 and applicable securities laws. All statements other than statements of historical fact are forward‑looking statements. Forward‑looking statements may be identified by words such as "may," "might," "will," "could," "would," "should," "expect," "intend," "plan," "goal," "objective," "anticipate," "believe," "estimate," "predict," "potential," "continue" and similar expressions.

These statements include, among others, statements regarding the significance and commercial impact of the agreement; the deployment, activation, operation, training, maintenance and support of HanLink; payment and any revenue contribution under applicable arrangements; the development, adoption and commercialization of HanLink in Saudi Arabia; the anticipated benefits of AI teaching capabilities, individual practice, learner-centred education, institutional cooperation and local delivery and support; and the Company's international education strategy and planned transition toward the Formind Group identity.

Forward‑looking statements are based on current expectations, estimates, assumptions and projections and involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied. These risks and uncertainties include, among others, the ability of Link Door and the relevant Ruanyun operating entities to perform their respective obligations; deploy, activate and support the platform; secure customer cooperation and acceptance; maintain applicable licensing, channel and service arrangements; collect payments and satisfy revenue recognition requirements; manage related‑party arrangements and conflicts of interest; manage AI response accuracy, instructional quality, age-appropriate use and learner engagement; protect intellectual property and user data; comply with education, data protection, cybersecurity, localization, tax and other regulatory requirements in Saudi Arabia and other relevant jurisdictions; and secure the personnel, infrastructure, financing and approvals needed to execute the Company's international strategy and planned corporate transition.

The agreement does not guarantee additional customer contracts, broader institutional adoption, successful market expansion or any particular operating or financial result for Ruanyun. The Company is not providing financial guidance in this release.

Forward‑looking statements speak only as of the date of this press release. Additional risks are described in the Company's reports filed with or furnished to the U.S. Securities and Exchange Commission, including its most recent Annual Report on Form 20‑F. Readers should not place undue reliance on these statements. The Company undertakes no obligation to update any forward‑looking statement except as required by law.

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