RYDE · Ryde Group Ltd.

Ryde Group Ltd., a Cayman Islands exempted company listed on NYSE American under ticker RYDE, has executed a Securities Purchase Agreement with a single Purchaser for the private sale of its Class A Ordinary Shares at a fixed price of US$0.40 per share. The transaction is structured as an unregistered offering under Section 4(a)(2) of the Securities Act and/or Regulation D, ensuring no public registration requirements apply. The exact quantity of shares and aggregate purchase price are detailed on the Purchaser's signature page, with payment via wire transfer prior to closing and shares delivered to the Purchaser's brokerage account via transfer agent VStock. Closing is contingent on mutual conditions, including accuracy of representations and warranties, performance of covenants, and execution of the agreement. This financing supports the Company's ongoing NYSE American compliance efforts, as it addresses a prior notice of non-compliance under Section 1003(a)(ii) of the Company Guide due to stockholders’ equity below US$4.0 million and reported losses. A compliance plan was accepted on August 5, 2025, granting until November 21, 2026, to regain standards, with quarterly monitoring. The transaction complies with exchange rules, maintaining trading continuity. For investors, this signals capital infusion efforts amid listing risks, though Purchaser representations confirm investment for own account without distribution intent.