Ruanyun Edai subsidiary Formind Global signs Taiwan marketing deal with Fangtu
RYET•Formind Global signed a two-year agreement with Fangtu to market HanLink in Taiwan, with annual fees of US$30,000 per school or NT$980,000 for contracts denominated in New Taiwan dollars. The deal sets no minimum sales or school purchase commitments.
1. Agreement terms
Ruanyun Edai Technology's Malaysian subsidiary Formind Global will market HanLink in Taiwan under a two-year agreement with Fangtu. Schools will contract with and pay Formind Global directly, and the agreement establishes no minimum sales or school purchase commitments.
2. Fees and commission
Annual platform fees are US$30,000 per school, or a fixed NT$980,000 for contracts denominated in New Taiwan dollars. Fangtu is eligible for a 20% commission on net school contracts arising from accepted registered opportunities, payable as school payments are collected. The arrangement is nonexclusive, with Fangtu preferred for 12 months; either party may terminate on 30 days' written notice.
