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EX-99.1
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EXHIBIT 99.1

 

 

 

EXHIBIT 99.1

 

Ruanyun Edai Technology Announces Fiscal 2026 Financial Results; Reports
11.9% Revenue Growth and Return to Positive Equity

 

Campus operations and student-life services contributed $5.72 million
and became the Company’s largest revenue source

 

KUALA LUMPUR, Malaysia, Aug. 03, 2026 (GLOBE NEWSWIRE) -- Ruanyun
Edai Technology Inc. (NASDAQ: RYET) (“Ruanyun,” “RYET” or the “Company”), an AI-driven education and
technology company, announced its financial results for the fiscal year ended March 31, 2026 and filed its Annual Report on Form 20-F
with the U.S. Securities and Exchange Commission (the “SEC”).

 

Fiscal 2026 marked Ruanyun’s first fiscal year as a Nasdaq-listed
company and broadened its revenue base. Campus operations and student-life services became the Company’s largest revenue source
and drove growth of 11.9%. Ruanyun also returned to positive equity, ending the year with $5.28 million in total equity and $3.28 million
in working capital.

 

“We are pleased to report that revenue rose 11.9%, with campus operations
and student-life services contributing $5.72 million, in line with our earlier growth expectation,” said Maggie Fu, Chief Executive
Officer. “Fiscal 2026 marked an important step in broadening our revenue base. These services became our largest revenue source,
and we ended the year with $5.28 million in total equity and $3.28 million in working capital.”

 

“For fiscal 2027, our priorities are to improve margins, expand sales
of our AI products and develop international education opportunities,” Ms. Fu continued. “We intend to build on the momentum
in our campus-services business while maintaining disciplined collections and cash management. The proposed transition to the Formind
Group name reflects the broader direction we are taking the Company.”

 

Fiscal Year 2026 Highlights

 

●Revenue growth: Revenue rose by approximately $0.80 million, or 11.9%, to $7.48 million, meeting the Company’s earlier
expectation of full-year growth.

 

●Campus-services contribution: Campus operations and student-life services contributed $5.72 million, or 76.4% of total revenue,
and became the Company’s largest revenue source.

 

●Stronger financial position: Total equity returned to positive territory at $5.28 million, working capital improved to positive
$3.28 million, and cash was $4.08 million at March 31, 2026.

 

●Net loss: Net loss was $7.91 million, compared with $0.52 million in fiscal 2025, reflecting the lower gross margin and higher
operating expenses described below. 

 

●Fiscal 2027 priorities: Improve margins, expand sales of AI products, build on campus-services momentum and develop international
education opportunities.

 

Smart Campus and Related Campus Services

 

Campus operations and student-life services generated $5.72 million, making
them Ruanyun’s largest source of fiscal 2026 revenue. Smart Campus is part of these activities and continued operating after year-end.
Based on unaudited internal management accounts, the Company previously reported approximately $3.83 million (RMB26.46 million) of Smart
Campus operating revenue for April and May 2026, excluding merchant and service-operator pass-through amounts. This operating measure
was not prepared in accordance with U.S. GAAP and may differ from revenue recognized in the Company’s consolidated financial statements.

 

Smart Campus extends Ruanyun’s work beyond classroom technology into
day-to-day campus services, including food-service management, merchant settlement, dormitory utilities, student-life workflows and vocational
services. In fiscal 2027, the Company plans to add customers, improve margins and operating efficiency, and shorten settlement and collection
cycles.

 

  

  

 

 

Other Initiatives 

 

Ruanyun is also advancing Cogni AI, YeeZo and other initiatives. Cogni
AI is designed to support document digitization, recognition and automation for institutional and enterprise applications. YeeZo is designed
to support AI-assisted content planning and multi-model content production. In addition, after year-end, the Company raised approximately
$1.73 million in a private placement and formed Formind Global Holdings Sdn. Bhd. in Malaysia to support international sales and partnerships,
alongside its presence in Saudi Arabia.

 

These product initiatives are at different stages of commercialization
and may involve customer-specific customization, deployment, integration, data migration, training and ongoing support.

 

Preparing for the Formind Transition
The planned move to the Formind Group name reflects Ruanyun’s development beyond its original school-focused products. The new
name is intended to better represent a business that now includes Smart Campus, AI products and international education, while retaining
the Company’s education-technology roots. The name change remains subject to shareholder approval and completion of applicable corporate
and regulatory steps.

 

Fiscal Year 2026 Financial Review

 

Campus operations and student-life services became the Company’s
largest revenue source during fiscal 2026 and drove overall revenue growth. Because these services require more people and day-to-day
operating support than the Company’s historical software and content businesses, the change in mix reduced consolidated gross margin.

 

A substantial portion of fiscal 2026 revenue was recognized in the second
half, reflecting project delivery, customer acceptance and invoicing timing, as well as the September 2025 launch of Smart Campus Services.
The timing of revenue may continue to vary with contract milestones, school calendars, customer budgets and invoicing cycles.

 

Selling and marketing expenses increased to $3.89 million from $1.78 million,
reflecting business development, international marketing and Smart Campus customer activity. General and administrative expenses increased
to $4.53 million from $1.56 million. The increase included higher legal, audit, accounting-advisory, compliance, investor-relations, personnel
and corporate-overhead costs following the IPO. Certain initial or transaction-specific expenditures may not recur, but the Company expects
ongoing public-company reporting, governance and compliance costs. Fiscal 2026 general and administrative expense also included $0.45
million of non-cash share-based compensation. Research and development expense declined 16.7% to $0.78 million as spending was reduced
and development processes were streamlined. Below operating loss, the results included a $0.74 million PRC government penalty charge and
a $0.21 million government subsidy. Net loss was $7.91 million, compared with $0.52 million in fiscal 2025, reflecting the lower gross
margin and higher operating expenses described above.

 

Cash Flow and Financial Position

 

Net cash used in operating activities was $9.15 million, compared with
net loss of $7.91 million. The largest driver was a $6.61 million increase in prepayments and other current assets, chiefly advance payments
for international marketing and promotional services and a research and development project. Non-cash charges of approximately $1.75 million
for expected credit losses, together with higher accounts payable and accrued liabilities, partially offset the use of cash.

 

The Company ended fiscal 2026 with $4.08 million in cash, $3.28 million
of working capital, $14.39 million in total assets and $5.28 million in total equity.

 

The IPO strengthened the balance sheet. At March 31, 2025, the Company
had a working-capital deficit of approximately $2.10 million and a total equity deficit of $0.51 million. The Company also ended fiscal
2026 with $4.28 million of short-term bank loans and used $9.15 million in operating activities, so collections, working-capital management
and cost control remain immediate priorities.

 

  

  

 

 

RUANYUN EDAI TECHNOLOGY INC. AND SUBSIDIARIES

 

CONSOLIDATED BALANCE SHEETS 

 

 
   
 As of March 31,

 
   
 2026 
 2025

 
 Assets 
     
    

 
 Current assets 
     
    

 
 Cash 
 $4,082,622  
 $673,397 

 
 Restricted cash 
  —  
  125,561 

 
 Accounts receivable, net 
  840,209  
  3,310,143 

 
 Accounts receivable, net - related party 
  332,391  
  — 

 
 Due from related parties 
  21,745  
  11,410 

 
 Inventories 
  18,461  
  59,077 

 
 Deferred contract costs 
  297,945  
  63,392 

 
 Prepaid expenses and other current assets 
  6,802,753  
  35,923 

 
 Total current assets 
  12,396,126  
  4,278,903 

 
 Non-current assets 
     
    

 
 Property and equipment, net 
  470,468  
  460,314 

 
 Capitalized software development cost, net 
  95,489  
  202,166 

 
 Deferred offering Cost 
  1,320,000  
  838,804 

 
 Long-term deposits 
  112,312  
  94,811 

 
 Total non-current assets 
  1,998,269  
  1,596,095 

 
 Total assets 
 $14,394,395  
 $5,874,998 

 
 LIABILITIES 
     
    

 
 Current liabilities 
     
    

 
 Short-term bank loans 
 $4,276,602  
 $4,408,340 

 
 Accounts payable 
  1,975,509  
  1,075,456 

 
 Deferred revenue 
  183,194  
  135,737 

 
 Due to related parties 
  58,483  
  43,289 

 
 Accrued expenses and other liabilities 
  2,621,991  
  718,327 

 
 Total current liabilities 
  9,115,779  
  6,381,149 

 
 Total non-current liabilities 
  —  
  — 

 
 Total liabilities 
  9,115,779  
  6,381,149 

 
 COMMITMENTS AND CONTINGENCIES 
     
    

 
 EQUITY (DEFICIT) 
     
    

 
 Ordinary shares (US$0.0002 par value, 5,000,000,000 shares authorized, 
     
    

 
 35,550,004 and 30,000,004 shares issued and outstanding as of March 31, 2026 and 2025, respectively) 
  7,110  
  6,000 

 
 Additional paid-in capital 
  29,168,108  
  15,210,301 

 
 Accumulated deficit 
  (23,482,984) 
  (15,630,351)

 
 Accumulated other comprehensive (loss) income 
  (19,694) 
  252,250 

 
 Total Ruanyun Edai Technology Inc.’s shareholders’ equity (deficit) 
  5,672,540  
  (161,800)

 
 Non-controlling interest 
  (393,924) 
  (344,351)

 
 Total equity (deficit) 
  5,278,616  
  (506,151)

 
 Total liabilities and equity (deficit) 
 $14,394,395  
 $5,874,998 

 

  

  

  

 

 

RUANYUN EDAI TECHNOLOGY INC. AND SUBSIDIARIES

 

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE
LOSS

 

 
   
 For the Years Ended March 31,

 
   
 2026 
 2025

 
 Revenues from third parties 
 $5,423,704  
 $6,685,387 

 
 Revenue from related parties 
  2,057,707  
  — 

 
 Total revenues 
  7,481,411  
  6,685,387 

 
 Cost of revenues 
  (5,597,566) 
  (2,892,516)

 
 Gross profit 
  1,883,845  
  3,792,871 

 
 Operating expenses 
     
    

 
 Selling and marketing expenses 
  (3,890,156) 
  (1,784,837)

 
 General and administrative expenses 
  (4,532,566) 
  (1,563,423)

 
 Research and development expenses 
  (775,867) 
  (930,904)

 
 Total operating expenses 
  (9,198,589) 
  (4,279,164)

 
 Loss from operations 
  (7,314,744) 
  (486,293)

 
 Interest income (expenses), net 
  31,404  
  (153,869)

 
 Government subsidy 
  210,894  
  11,811 

 
 Other (expenses) income, net 
  (813,127) 
  108,644 

 
 Loss before income taxes 
  (7,885,573) 
  (519,707)

 
 Income tax expenses 
  (22,139) 
  (16)

 
 Net loss 
  (7,907,712) 
  (519,723)

 
 Net loss attributable to non-controlling interests 
  (55,079) 
  (123,161)

 
 Net loss attributable to common shareholders 
  (7,852,633) 
  (396,562)

 
 COMPREHENSIVE LOSS 
     
    

 
 Net loss 
  (7,907,712) 
  (519,723)

 
 Unrealized foreign currency translation loss 
  (266,438) 
  (15,567)

 
 Comprehensive loss 
  (8,174,150) 
  (535,290)

 
 Less: comprehensive loss attributable to non-controlling interests 
  (49,573) 
  (133,227)

 
 Comprehensive loss attributable to common shareholders 
 $(8,124,577) 
 $(402,063)

 
 Weighted average number of ordinary share outstanding 
     
    

 
 Basic and Diluted 
  34,238,222  
  30,000,004 

 
 Loss per share 
     
    

 
 Basic and Diluted 
 $(0.23) 
 $(0.01)

 

  

  

  

 

 

Annual Report on Form 20-F

 

The Company has filed its Annual Report on Form 20-F for the fiscal year
ended March 31, 2026 with the U.S. Securities and Exchange Commission. The Annual Report is available through the SEC’s EDGAR database
at https://www.sec.gov/ix?doc=/Archives/edgar/data/0001873454/000173112226000996/e7798_20f.htm and on the Company’s investor relations
website at https://investors.ruanyun.net/financials.html. 

 

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 the Company’s fiscal year 2027 priorities; future operating and financial
performance; margins, operating efficiency, collections, liquidity and capital requirements; the development and commercialization of
Smart Campus Services, Cogni AI, YeeZo, and other initiatives; international expansion; and the planned transition toward the Formind
Group identity.

 

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, risks relating to the Company’s business transformation;
the lower-margin and working-capital characteristics of service-based revenue; operating costs; receivable collections and expected-credit-loss
estimates; customer acceptance and revenue recognition; principal-versus-agent and consolidation judgments; Smart Campus operations and
settlement arrangements; development and market acceptance of AI-enabled products; cybersecurity, data protection and regulatory compliance;
international expansion and partner performance; access to financing, dilution and Nasdaq compliance; and completion of the proposed Formind
Group transition.

 

The post-year-end operating figures in this release are based on unaudited
management accounts and should not be regarded as audited consolidated financial results. Actual revenue recognized may differ due to
audit adjustments, consolidation analysis, intercompany eliminations, accounting treatment, principal-versus-agent analysis, timing differences,
currency translation and applicable accounting standards. Post-year-end contracts, product announcements and commercial activity may not
result in recognized revenue, profitability or cash collections. 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.