Ruanyun Edai Enters Into $100M Equity Purchase Facility With ARC Group International, Retaining Full Issuance Discretion Over 36 Months

Ruanyun Edai Technology Inc. ("Ruanyun" or the "Company") (Nasdaq: RYET), an education-focused artificial intelligence company delivering AI-enabled learning, assessment, and digital education solutions globally, today announced that it has entered into a $100 million equity purchase facility with ARC Group International Ltd. ("ARC"), a global investment bank.

Under the terms of the agreement, the Company has the right, but not the obligation, to sell ordinary shares to ARC from time to time over a 36-month period, subject to customary conditions, including the effectiveness of a resale registration statement. The Company retains full discretion over the timing and amount of any issuances and is not required to utilize the facility.