SINGAPORE--(BUSINESS WIRE)--Oct. 9, 2024-- Ryde Group Ltd (NYSE American: RYDE) ("Ryde'' or the “Company"), a technology company with a leading platform for mobility and quick commerce in Singapore, is proud to announce the launch of Ryde Educational Merit Awards 2024 (“REMA 2024”), a continuation of its social initiative from 2020 to support the educational aspirations of the children of its dedicated driver-partners.

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REMA 2021 Recipients – Seah Jit Sheng and Sasha Ng (Photo: Business Wire)

Ryde Educational Merit Awards (“REMA”)was originally launchedin response to the challenges faced by driver-partners and their children during the pandemic, and has since stayed true to its promise by continuing to be fully committed to providing financial and social resources to empower our children of tomorrow. REMA 2024 reaffirms Ryde’s steadfast commitment to its driver-partners and their children by supporting students from diverse backgrounds and promoting academic excellence.

Through this initiative, Ryde aims to uphold its core values of inclusivity and community development, while also contributing to the UN Sustainable Development Goals of providing quality education and reducing inequalities. By investing in the future of its community, Ryde seeks to cultivate a culture of high achievement and equal opportunity for all.

Why REMA 2024:

• Encourage High Achievement: The program motivates students to excel in both academic and extracurricular activities, cultivating a passion for learning and continuous improvement.

• Promote Equal Opportunities: REMA ensures talented students have access to educational resources regardless of socioeconomic background, helping bridge gaps between different communities.

• Support Ryde Driver-Partners: By alleviating the financial burden of education, REMA strengthens the bond between Ryde and our driver-partners, fostering loyalty and engagement.

Award recipients will receive up to SGD 2,000 in cash, SGD 500 in Book Vouchers, a free 1-year Ryde Transport Pass, a MacBook and an AirPods Pro. The Ryde Transport Pass will help students save on travel time, enabling them to concentrate on their studies and passion.

Simon Ng, father of REMA 2021 recipient Sasha Ng, shared: “Receiving the REMA award in 2021 was a moment of pure joy for our family. The financial support, along with the Ryde credits and iPad, has been invaluable in helping Sasha excel in her studies. We are incredibly grateful to Ryde for their generosity and support."

Kelvin Seah, father of REMA 2021 recipient Seah Jit Sheng, commented: “The REMA 2021 has helped Jit Sheng with the resources he needs to succeed academically. We are honored to be part of the Ryde community."

Terence Zou, CEO of Ryde Group, commented, “The Ryde Educational Merit Awards (REMA) demonstrates our long-term commitment to supporting the children of our driver-partners. By investing in those with outstanding academic achievements, we are providing them with the resources they need to thrive and reach their fullest potential.”

For more information about REMA 2024 and application details, please visit [ https://forms.gle/KawUt34haWuNrC5U8 ].

About Ryde Group Ltd

Ryde, a homegrown super mobility app founded in Singapore, is the world's FIRST on-demand carpooling app since 2014! As a publicly listed company on the NYSE, we are reimagining the way people and goods move around. We offer a full suite of services, including carpooling, private hire, taxi, and delivery, but what truly sets us apart is our commitment to empower our private-hire and taxi partners. We take 0% commission, ensuring that more of every hard-earned dollar goes to drivers on our platform. For more information, please visit https://rydesharing.com/ to learn more.

FORWARD-LOOKING STATEMENTS

Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors . Any forward-looking statements contained in this press release speak only as of the date hereof, and Ryde Group Ltd specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

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Source: Ryde Group