There are wok pans designed for induction, eg https://www.electrolux.se/accessories/accessories/cooking-ac...
Alternatively maybe it’s just relying on inducting directly to the Wok bottom but the surface area touching the glass plate is very small so I can’t see it working well.
The ring does three things (probably). Keeps the wok supported, transfers heat to the pan, and tricks the sensors in the stove into thinking there's a flat pan on it.