Zou Junming Terence 4

What Happened Zou Junming Terence, reported as a 10% owner of Ryde Group Ltd (RYDE), was issued 10,500,000 Class B Ordinary Shares on July 2, 2026 as a performance‑based award. The shares were issued at $0.00 (total reported value $0) after certain performance milestones were met and approved by Ryde’s board. Immediately following issuance, the shares were transferred to ABJZ Holding Ltd, a company wholly owned by Zou, and are reported as indirectly beneficially owned.

Key Details

• Date: July 2, 2026. Transaction type/code: Award/Grant (A).
• Amount: 10,500,000 Class B Ordinary Shares at $0.00 per share (total $0 reported).
• Ownership: Shares reported as indirectly beneficially owned by ABJZ Holding Ltd (wholly owned by the reporting person).
• Footnotes: F1 notes issuance upon satisfaction of performance milestones and immediate transfer to ABJZ Holding Ltd; F2 clarifies ABJZ Holding Ltd is wholly owned by the reporting person.
• Timeliness: Filing date matches the transaction date (no lateness indicated in the filing).

Context This was a board‑approved, performance‑based award rather than an open‑market purchase or sale. Such grants are common for compensation or milestone fulfillment and do not necessarily signal immediate buying or selling intent in the public market. As a 10% owner (reported via an affiliated holding company), this transaction reflects changes in long‑term ownership structure rather than routine executive trading.