SCHEDULE: Steven Kwek Poh Song Discloses Significant 17.57% Stake in Ryde Group Ltd Class A Shares

Steven Kwek Poh Song has disclosed a beneficial ownership of 4,850,000 Class A ordinary shares, representing 17.57% of Ryde Group Ltd's Class A shares and 5.21% of total voting power.

Summary

• Steven Kwek Poh Song beneficially owns 4,850,000 Class A ordinary shares of Ryde Group Ltd.
• This ownership represents 17.57% of the total outstanding Class A ordinary shares.
• The stake also accounts for 5.21% of the total outstanding voting power, considering both Class A and Class B shares.
• The calculation is based on 27,597,462 Class A ordinary shares and 6,542,400 Class B ordinary shares outstanding as of April 22, 2025, as provided by the issuer in a Form F-3 filed on July 9, 2025.
• Each Class A ordinary share is entitled to one vote per share, while each Class B ordinary share is entitled to 10 votes per share.
• The shares were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.

Sentiment

Score: 7

Explanation: The disclosure of a significant individual stake can be viewed positively as it indicates confidence from a substantial holder, although the filing itself is purely factual and regulatory.

Positives

• A significant individual stake by Steven Kwek Poh Song, holding 17.57% of Class A shares, indicates strong confidence in Ryde Group Ltd.

Negatives

• No explicit negative information is disclosed in this Schedule 13G filing.

Risks

• No specific risks are detailed in this Schedule 13G filing, as it is primarily a beneficial ownership disclosure.

Future Outlook

This Schedule 13G filing does not provide forward-looking statements or guidance regarding the company's future outlook.

Management Comments

• The securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

Industry Context

This Schedule 13G filing primarily concerns a change in beneficial ownership and does not provide information directly related to broader industry trends or competitive analysis for Ryde Group Ltd.

Comparison to Industry Standards

• This filing is a disclosure of beneficial ownership and does not contain information suitable for comparison to industry-specific operational or financial benchmarks.

Stakeholder Impact

• Shareholders: Provides increased transparency regarding a significant individual holder's stake in the company.
• Investors: Offers insight into a substantial individual investment, which may be interpreted as a signal of confidence in the company's prospects.

Key Dates

Keywords

Ryde Group Ltd, Steven Kwek Poh Song, Schedule 13G, beneficial ownership, Class A ordinary shares, voting power, SEC filing, Singapore