Ryde Group (RYDE) enters US$13.8M call option for up to 400 EVs
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Ryde Group Ltd reported that on December 10, 2025 it entered into a Call Option Agreement with Guan Chao Holdings Limited and Singapore Electric Vehicles Pte. Ltd. The agreement grants Ryde Group an option, valid for six months from that date, to purchase up to 400 electric vehicles, including GAC Aion, Hyptec, and BYD models. Ryde Group will pay a refundable deposit of US$13.8 million, which will be applied toward any vehicles purchased under the option, with any unused amount to be returned in full at the end of the option period.
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FAQ
What agreement did Ryde Group Ltd (RYDE) announce in this 6-K?
Ryde Group Ltd entered into a Call Option Agreement with Guan Chao Holdings Limited and Singapore Electric Vehicles Pte. Ltd., giving it the option to purchase certain electric vehicles.
How many electric vehicles can Ryde Group Ltd (RYDE) purchase under the option?
The agreement grants Ryde Group Ltd the option to purchase up to 400 electric vehicles, comprising GAC Aion, Hyptec, and BYD models.
What deposit will Ryde Group Ltd (RYDE) pay for the electric vehicle option?
Ryde Group Ltd will pay a US$13.8 million deposit to Guan Chao Holdings Limited and Singapore Electric Vehicles Pte. Ltd. in connection with the option.
What is the duration of Ryde Group Ltd’s (RYDE) option to purchase electric vehicles?
The option to purchase the electric vehicles is valid for a period of six months from December 10, 2025.
Is the US$13.8 million deposit refundable to Ryde Group Ltd (RYDE)?
Yes. Any portion of the US$13.8 million deposit not applied toward purchasing electric vehicles will be refunded in full to Ryde Group Ltd at the end of the option period.
Did Ryde Group Ltd (RYDE) issue any additional communication about this option agreement?
Yes. A press release dated December 10, 2025 announcing these corporate updates is included as Exhibit 99.1.