Ruanyun Edai Technology Inc. Ordinary shares

Ruanyun Edai Technology Inc., trading as RYET, has signed a definitive agreement to grant BioNexus Gene Lab Corp., or BGLC, an exclusive license to its Cogni AI document-intelligence platform for healthcare in Malaysia, alongside a reciprocal share exchange. The license runs ten years from closing and is renewable at BGLC's option for two further five-year terms, up to 20 years in total, and is exclusive in Malaysian healthcare for the full term. RYET would receive a 10% royalty on qualifying technology receipts collected by BGLC and its affiliates, with no minimum royalty or guaranteed revenue, and the same 10% royalty applies to any other industry BGLC adds in Malaysia by notice. At closing BGLC would issue 410,000 common shares to RYET for the license, a consideration of US$3.5 million, and a further 150,000 shares in exchange for 500,000 new RYET ordinary shares, with no cash payment or true-up. Based on Nasdaq closing prices on October 2, 2026, of US$1.27 for BGLC and US$0.8599 for RYET, the 410,000 license shares had a quoted value of US$520,700, the 150,000 BGLC exchange shares US$190,500, and the 500,000 RYET shares US$429,950. The deal comes as Malaysia accelerates public healthcare digitalization, after Prime Minister Anwar Ibrahim announced a RM1 billion allocation on August 30, 2026, involving 150 hospitals and 2,000 health clinics, though neither company is a party to or has been awarded any contract under these government programs, and Cogni AI is not an electronic medical records system. Closing remains subject to conditions including BGLC's written acceptance of the technology after testing, due diligence, corporate and regulatory approvals, and any PRC approval, registration or license RYET needs to license and deliver the technology, with either party not in default able to terminate if closing has not occurred by March 31, 2027.

Ruanyun Edai Technology Inc. (RYET) announced that its consolidated variable interest entity, Jiangxi Ruanyun Technology Co., Ltd., has entered into an approximately RMB5.99 million (US$0.88 million) contract with Jiangxi Zhongtong Information Industry Data Services Co., Ltd. to deliver and deploy the YeeZo platform across 10 AIGC vocational training laboratories. The integrated project includes 610 workstations, installation and configuration, supporting systems, and a YeeZo platform service component, creating a full AIGC training and production environment. This marks a significant commercial milestone for YeeZo since its launch in May 2026, moving it from initial service validation to institution-scale delivery. The company plans to use this deployment to refine a repeatable model for additional institutions and aims to extend YeeZo to up to 200 universities, with a strategic target of generating more than 50% of annual revenue from markets outside China by the end of 2027.