Ryde Proposes Buying 10% Stake in OneT Solutions

• Ryde Group entered a non-binding term sheet to acquire a 10% stake in OneT Solutions from its two shareholders.
• Consideration would comprise cash and newly issued Ryde Class A ordinary shares.
• An option to acquire another 10% within nine months of initial completion could increase ownership to 20%.
• Final valuation remains subject to independent valuation and satisfactory due diligence; completion requires definitive agreements and corporate and regulatory approvals.
• The parties have a 60-day exclusivity period and aim to sign definitive agreements within 90 days of signing the term sheet.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ryde Group Ltd. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202610230600ACCESSWRNAPR_____1239879) on October 23, 2026, and is solely responsible for the information contained therein.