Ruanyun Edai Technology Wins US$1.2M K-12 Smart Reading Contract
RYET•Ruanyun Edai Technology finalized a US$1.20 million smart reading contract for K-12 resources on June 5, with goods accepted June 8 and revenue to be recognized under accounting standards. This deal reinforces its AI-driven education ecosystem and supports its planned transition to the Formind Group platform.
1. Contract Completion
Ruanyun Edai Technology completed a Smart Reading contract on June 5 valued at approximately US$1.20 million (RMB 8.17 million), covering K-12 smart reading resources and educational content services, with the goods accepted under contractual terms on June 8.
2. Revenue Recognition
Revenue from the contract will be recognized in line with applicable accounting standards and is not yet included in the Company’s reported financial results.
3. Strategic Outlook
The Company views this contract as validation of its AI-driven education ecosystem, bolstering its content base for digital learning and assessment while advancing its planned transition to the Formind Group technology platform.
