Collaboration builds on RYET's Saudi platform to accelerate AI education, technology localization and venture development across the Kingdom

KUALA LUMPUR, Malaysia, Aug. 12, 2026 (GLOBE NEWSWIRE) -- Ruanyun Edai Technology Inc. (NASDAQ:RYET) ("Ruanyun," "RYET" or the "Company"), an AI-driven education technology company, today announced a strategic collaboration with Intersect Holding, signed at LEAP East 2026 in Hong Kong on July 10. The collaboration aims to combine RYET's AI education and China market capabilities with Intersect's Saudi commercialization and venture-building platform to localize technologies, build ventures and pursue commercial opportunities in the Kingdom.

LEAP East brought together founders, investors, policymakers and technology companies from Saudi Arabia, China, Hong Kong and the wider Asia-Pacific region. RYET participated to advance its international growth strategy, strengthen relationships across the Saudi and Asian innovation ecosystems and identify partners capable of turning technology into localized products and services. The signing of the memorandum of agreement with Intersect was a direct outcome of that engagement.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.