RYET Advances HanLink’s Taiwan Market Development Through Fangtu Agreement
Key Highlights
- ➤Fangtu will promote HanLink and develop institutional customers in Taiwan for two years
- ➤HanLink’s standard annual fee is US$30,000 per school
- ➤Fangtu receives a 20% commission on net contract amounts from accepted opportunities
- ➤Agreement creates no guaranteed school purchases, minimum sales, or particular financial result
Expert Statements
Maggie Fu, Chief Executive Officer of Ruanyun Edai Technology Inc.
“For a language-learning platform, local institutional relationships and support are as important as the technology. We want HanLink to fit into the way institutions teach, while giving students more opportunities to practise between lessons. Working with Fangtu gives us a local partner to develop that opportunity in Taiwan, with Formind Global connecting customer engagement to the platform and its delivery.”
KUALA LUMPUR, Malaysia, Oct. 29, 2026 (GLOBE NEWSWIRE) -- Ruanyun Edai Technology Inc. (NASDAQ: RYET) (“Ruanyun” or the “Company”) announced that its Malaysian subsidiary, Formind Global Holdings Sdn. Bhd. (“Formind Global”), has entered into a marketing cooperation agreement with Fangtu, a Taiwan-based company that will lead local promotion and institutional customer development for the HanLink Chinese learning platform in Taiwan.
The two-year cooperation covers local market promotion, customer development and school procurement referrals. Fangtu will engage schools, universities and Chinese-language centres and assist with demonstrations, pilots, teacher training and customer feedback. Formind Global will provide the platform, demonstration environment and technical and sales materials, and undertake commercial contracting and service obligations under individual school agreements.
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