RYDE · Ryde Group Ltd.

This disclosure represents a material resolution of a prior regulatory risk for Ryde Group Ltd. The company had been flagged for noncompliance with NYSE American’s continued listing standard under Section 1003(a)(ii), which pertains to minimum stockholders’ equity or asset requirements — a common trigger for foreign private issuers facing financial volatility or rapid scaling. By satisfying the two-consecutive-quarter compliance requirement under Section 1009(f), Ryde has formally closed this matter without needing to file a plan of compliance, raise capital under duress, or undergo a reverse stock split. The removal of the '.BC' indicator and delisting from the noncompliant issuer list directly mitigates reputational and liquidity risks: broker-dealers may resume margin lending, index providers can reinstate eligibility, and institutional investors subject to exchange-listing mandates may re-engage. Management’s statement emphasizes strategic continuity — highlighting mobility platform development, zero-commission driver economics, and ecosystem expansion — rather than corrective action, suggesting the compliance restoration reflects underlying operational stabilization. While no financial metrics or forward guidance are disclosed in this filing, the event materially reduces governance and existential uncertainty, thereby supporting valuation stability and investor confidence ahead of future operational disclosures.