软云科技旗下Formind Global与马来西亚城市大学签订学生招募协议，启动国际教育支援服务

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EXHIBIT 99.1

 

 

 

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: [email protected]

 

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.