根據規則424(b)(3)遞交
註冊 編號333-282076
招股書補充資料1
(截至2024年9月27日招股說明書)
Ryde 集團有限公司
本《招股說明書補充文件》是Ryde集團有限公司（以下簡稱「公司」）2024年9月27日日期的招股說明書（以下簡稱「說明書」）的補充，該說明書作爲公司根據表格F-1（註冊編號333-282076），不時修訂或補充的註冊聲明的一部分。
2022年10月23日，公司向美國證券交易委員會（「委員會」）提交了以下的6-K表格報告。
本《招股說明書補充文件》應與《招股說明書》一併閱讀，並連同交付《招股說明書》，並根據《招股說明書》的參考資料進行資格認定，但除了本《招股說明書補充文件》中的信息取代《招股說明書》中包含的信息。本《招股說明書補充文件》若無《招股說明書》即不完整，不得傳遞或利用，必須與《招股說明書》一同使用，包括任何修訂或補充文件。
投資我們的證券涉及高風險。請參見本說明書第6頁上的「風險因素」和我們最新的10-K年度報告中包括的題爲「風險因素」的章節，並在我們隨後的10-Q季度報告中修訂或補充這些報告，了解在投資我們的證券之前應考慮的信息。風險因素” 開始於招股說明書第8頁，討論了在投資我們證券時應考慮的信息。
證券交易委員會或任何州證券委員會均未批准或不批准這些證券或確定本招股說明書是否真實或完整。任何相反聲明都是犯罪行爲。
本招股說明書補充的日期爲2024年10月23日。
美國
證券交易委員會
華盛頓，特區。20549
表格 6-K
外國私營發行人報告書
根據13a-16或15d-16規則
根據1934年證券交易法
2024年10月份
佣金 文件編號: 001-41950
Duo 塔架，3 Fraser Street，＃08-21
新加坡 189352
+65-9665-3216
(總部地址)
請用打勾符號指示註冊人是否以20-F或40-F表格提交或將要提交年度報告：
20-F ☒ 40-F ☐
請勾選此項表示註冊人是否根據S-T法規101(b)(1)條規定提交了紙質版6-K表格：☐
請勾選此項表示註冊人是否根據S-T法規101(b)(7)條規定提交了紙質版6-K表格：☐
本報告中包含的信息 6-K表格
凌晨集團有限公司（以下簡稱「公司」）特此提供本6-k表格報告（以下簡稱「報告」），以提供截至2023年和2024年6月30日的公司未經審計的中期簡明合併財務報表，作爲本報告的附件99.1，以及截至2023年和2024年6月30日的財務狀況和業務運營結果的管理層討論和分析，作爲本報告的附件99.2，並在2024年10月23日發佈一份新聞稿，宣佈公司截至2024年6月30日的企業更新和財務業績，作爲本報告的附件99.3。
指數
| 展示文物編號。 | Description | |
| 99.1 | 2023年和2024年6月30日止的未經審計的中期合併財務報表 | |
| 99.2 | 對2023年和2024年6月30日止的財務狀況和經營結果的管理層討論與分析 | |
| 99.3 | 新聞發佈 - Ryde報告2024年上半年業績 | |
| 104 | 封面交互數據文件（嵌入在Inline XBRL文檔中）。 |
簽名
根據1934年證券交易法的要求，註冊名義人已授權下列人員代表該人簽署本報告。
| Ryde 集團有限公司 | ||
| 日期: 2024年10月23日 | 通過： | /s/ 鄒俊明Terence |
| 姓名： | 鄒俊明特倫斯 | |
| 標題： | 董事會主席兼首席執行官 | |
展示文件99.1
藝動集團有限公司
指數 至未經審計的中期簡明合併財務報表
| F-1 |
藝動集團有限公司
未經審計 中期簡明綜合資產負債表
2022年12月31日 2023 |
6月 30日, 2024 |
6月 30日, 2024 |
||||||||||
| 新加坡貨幣'000 | 新加坡貨幣'000 | 千美元 | ||||||||||
| 資產 | ||||||||||||
| 流動資產 | ||||||||||||
| 現金及現金等價物 | ||||||||||||
| 應收賬款，淨額 | ||||||||||||
| 存款、 預付費用和其他流動資產 | ||||||||||||
| 延遲 首次公開發行（「IPO」）費用 | ||||||||||||
| 總計 當前資產 | ||||||||||||
| 非流動資產 | ||||||||||||
| 不動產、機器及設備，淨值 | ||||||||||||
| 無形資產，淨額 | ||||||||||||
| 商譽， 淨值 | ||||||||||||
| 總非流動資產 | ||||||||||||
| 總資產 | ||||||||||||
| 負債 | ||||||||||||
| 流動負債 | ||||||||||||
| 應付賬款 | ||||||||||||
| 應計費用及其他流動負債 | ||||||||||||
| 可轉換 貸款 | ||||||||||||
| 股東備忘錄 來自一位股東 | ||||||||||||
| 營運租約義務 | ||||||||||||
| 流動負債合計 | ||||||||||||
| 非流動負債 | ||||||||||||
| 遞延稅款負債 | ||||||||||||
| 總非流動負債 | ||||||||||||
| 總負債 開多 | ||||||||||||
| 股東權益 | ||||||||||||
| 普通股，美元 面值爲， b類普通股已獲授權， 截至2024年6月30日，A類普通股（2023年： 和 b類普通股已發行並流通，兩個時期均如此 | ||||||||||||
| 外加實收資本 | ||||||||||||
| 累計虧損 | ( |
) | ( |
) | ( |
) | ||||||
| 外幣兌換損益 | ( |
) | ( |
) | ( |
) | ||||||
| (赤字)/股東權益 歸屬於公司所有者 | ( |
) | ||||||||||
| 非控制權益 | ( |
) | ( |
) | ( |
) | ||||||
| 股東總數 (赤字)/股東權益 | ( |
) | ||||||||||
| 負債和股東權益總計 | ||||||||||||
附註是這些未經審計的中期簡明合併財務報表的組成部分。
| F-2 |
藝動集團有限公司
未經審計 綜合損益未經審計的中期彙總綜合損益表
| （除非另有說明，金額爲百萬美元） | ||||||||||||
| 2023 | 2024 | 2024 | ||||||||||
| 新加坡貨幣'000 | 新加坡貨幣'000 | 千美元 | ||||||||||
| 營業收入 | ||||||||||||
| 其他收入 | ||||||||||||
| 司機 和乘客成本及相關費用 | ( |
) | ( |
) | ( |
) | ||||||
| 員工 福利支出 | ( |
) | ( |
) | ( |
) | ||||||
| 折舊和攤銷費用 | ( |
) | ( |
) | ( |
) | ||||||
| 財務成本 | ( |
) | ( |
) | ( |
) | ||||||
| 其他開支 | ( |
) | ( |
) | ( |
) | ||||||
| 經營虧損 | ( |
) | ( |
) | ( |
) | ||||||
| 商譽減值 | ( |
) | ||||||||||
| 股份報酬 | ( |
) | ( |
) | ||||||||
| 稅前損失 | ( |
) | ( |
) | ( |
) | ||||||
| 所得稅費用 | ||||||||||||
| 淨虧損 | ( |
) | ( |
) | ( |
) | ||||||
| 減：非控股權益淨虧損 | ( |
) | ( |
) | ( |
) | ||||||
| 瑞的集團有限公司歸屬於淨虧損 | ( |
) | ( |
) | ( |
) | ||||||
| 淨虧損 | ( |
) | ( |
) | ( |
) | ||||||
| 其他綜合損失 | ||||||||||||
| 外幣翻譯調整 | ||||||||||||
| 總計 其他綜合損失 | ( |
) | ( |
) | ( |
) | ||||||
| 少：歸屬於非控股權益的綜合虧損 | ( |
) | ( |
) | ( |
) | ||||||
| Ryde集團有限公司的綜合虧損歸屬 | ( |
) | ( |
) | ( |
) | ||||||
| 普通股東應占的每股淨虧損 | ||||||||||||
| 基本和攤薄 | ) | ) | ) | |||||||||
|
計算每股淨虧損時所採用的加權平均普通股數 |
||||||||||||
| 基本和稀釋（‘000） | ||||||||||||
附註是這些未經審計的中期簡明合併財務報表的組成部分。
| F-3 |
藝動集團有限公司
未經審計 股東權益變動表
| 普通股 | ||||||||||||||||||||||||||||||||||||
| A類股份流通股數 | B類股份流通股數 | Par值 | 外加實收資本 | 累計虧損 | 外幣兌換損益 | 公司所有者應占赤字 | 非控股權益 | 所有板塊股權 | ||||||||||||||||||||||||||||
| ‘000 | ‘000 | 新加坡貨幣'000 | 新加坡貨幣'000 | 新加坡貨幣'000 | 新加坡貨幣'000 | 新加坡貨幣'000 | 新加坡貨幣'000 | 新加坡貨幣'000 | ||||||||||||||||||||||||||||
| 截至2023年6月30日止的六個月 | ||||||||||||||||||||||||||||||||||||
| 2023年1月1日的餘額 | ( |
) | ( |
) | ( |
) | ( |
) | ||||||||||||||||||||||||||||
| 淨虧損 | - | - | ( |
) | ( |
) | ( |
) | ( |
) | ||||||||||||||||||||||||||
| 截至2023年6月30日的餘額 | ( |
) | ( |
) | ( |
) | ( |
) | ||||||||||||||||||||||||||||
| 截至2024年6月30日的六個月， | ||||||||||||||||||||||||||||||||||||
| 2024年1月1日的餘額 | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) | ||||||||||||||||||||||||||
| 淨虧損 | - | - | ( |
) | ( |
) | ( |
) | ( |
) | ||||||||||||||||||||||||||
| 將來自第三方的可轉換貸款轉換爲貨幣 | * | |||||||||||||||||||||||||||||||||||
| 股份報酬 | ||||||||||||||||||||||||||||||||||||
| 發行新的A類股份 | ||||||||||||||||||||||||||||||||||||
| 截至2024年6月30日的餘額 | ( |
) | ( |
) | ( |
) | ||||||||||||||||||||||||||||||
| 美元'000 | 美元'000 | 貿易中的'000 | 千美元 | 貿易中的'000 | 貿易中的'000 | 貿易中的'000 | ||||||||||||||||||||||||||||||
| 截至2024年6月30日的餘額 | ( |
) | ( |
) | ( |
) | ||||||||||||||||||||||||||||||
| * |
附註是這些未經審計的中期簡明合併財務報表的組成部分。
| F-4 |
藝動集團有限公司
未經審計 經過組合的現金流量表
| （除非另有說明，金額爲百萬美元） | ||||||||||||
| 2023 | 2024 | 2024 | ||||||||||
| 新加坡貨幣'000 | 新加坡貨幣'000 | 千美元 | ||||||||||
| 經營活動的現金流量 | ||||||||||||
| 淨虧損 | ( |
) | ( |
) | ( |
) | ||||||
| 調整 以協調淨損失與經營活動中提供的現金淨額 | ||||||||||||
| 攤銷 | ||||||||||||
| 折舊費用 | ||||||||||||
| 債務發行成本的攤銷 | ||||||||||||
| 利息支出 | ||||||||||||
| 商譽減值 | ||||||||||||
| 股份報酬 | ||||||||||||
| 匯率變動的淨影響 | ||||||||||||
| 資產和負債的 調整： | ||||||||||||
| 應收賬款，淨額 | ( |
) | ( |
) | ||||||||
| 存款、 預付費用和其他流動資產 | ( |
) | ( |
) | ( |
) | ||||||
| 應付賬款 | ( |
) | ( |
) | ||||||||
| 應計費用及其他流動負債 | ( |
) | ( |
) | ( |
) | ||||||
| 營運租約義務 | ( |
) | ( |
) | ||||||||
| 經營活動中的淨現金流出 | ( |
) | ( |
) | ( |
) | ||||||
| 投資活動中的現金流量 | ||||||||||||
| 購買 工廠和設備 | ( |
) | ||||||||||
| 無形資產 增加 | ( |
) | ( |
) | ( |
) | ||||||
| 收購子公司所得現金 | ||||||||||||
| 投資活動使用的淨現金 | ( |
) | ( |
) | ( |
) | ||||||
| 籌資活動產生的現金流量 | ||||||||||||
| 發行新的A類股份 | ||||||||||||
| 來自股東借款的款項 | ||||||||||||
| 償還股東借款 | ( |
) | ( |
) | ||||||||
| 償還可轉換貸款 的s | ( |
) | ( |
) | ||||||||
| 金融活動提供的淨現金 | ||||||||||||
| 現金及現金等價物淨變動額 | ( |
) | ||||||||||
| 年初現金及現金等價物餘額 | ||||||||||||
| 期末現金及現金等價物餘額 | ||||||||||||
| 補充現金流信息 | ||||||||||||
| 支付利息的現金 | ||||||||||||
| 所得稅支付額 | ||||||||||||
| 非現金投資活動: | ||||||||||||
| 子公司收購的非現金交易 | ||||||||||||
附註是這些未經審計的中期簡明合併財務報表的組成部分。
| F-5 |
藝動集團有限公司
財務報表附註 至未經審計的中期摘要合併財務報表
| 1 | 組織和業務概述 |
Ryde集團有限公司（「公司」）是一家於2023年2月21日根據開曼群島法律成立的投資控股公司。該公司除持有Ryde集團（BVI）有限公司（「Ryde BVI」）的全部股本外，沒有其他實質業務，Ryde BVI於2023年2月22日根據英屬維爾京群島法律成立。Ryde BVI除持有於2014年9月2日成立的新加坡公司Ryde Technologies Pte. Ltd.的所有股權外，沒有其他實質業務。
公司通過其子公司爲消費者提供移動和快速商業解決方案。Ryde是一個以科技爲驅動的平台，爲我們的消費者提供可靠、實惠、可持續的移動和快速商業解決方案。公司的核心業務分爲兩大類：(i) 移動業務，涉及提供靈活和預定的拼車和叫車服務，將乘客與我們的司機合作伙伴網絡匹配；(ii) 快速商業業務，涉及按需、預定和多站點包裹送貨服務。我們的技術平台使我們能夠提供高效、個性化和無現金支付服務，確保乘客和合作夥伴都能獲得無縫的用戶體驗。最終，Ryde致力於爲我們的消費者提供可持續、實惠和便利的移動和送貨解決方案。
雷德集團有限公司及其子公司統稱爲「集團」或「Ryde」。
公司總部位於新加坡。
2023年5月5日，公司完成了Ryde Technologies Pte. Ltd.的內部重組，屆時某些現有股東，共同持有
公司的簡併綜合中期基本報表包括以下實體：
| 姓名 | 頒佈日期 成立 |
百分比 的 直接或間接利益 |
註冊地 | 主要業務 | ||||
| Ryde集團（BVI）有限公司 | ||||||||
| RGT (BVI) | ||||||||
| RCS (BVI)有限公司 | ||||||||
| 萊德科技私人有限公司 | ||||||||
| 美麗科技私人有限公司 | ||||||||
| Meili Technologies Malaysia Sdn. Bhd. |
一般A類和B類普通股的主要權利、偏好和特權如下：
轉換 權利
普通B類股份可以隨時由持有人選擇轉換爲同等數量的A類普通股， 而A類普通股在任何情況下均不得轉換爲B類普通股。
| F-6 |
藝動集團有限公司
財務報表附註 至未經審計的中期摘要合併財務報表
| 1 | 組織 和業務概述（續） |
股息權
持有A類和B類普通股的股東有權獲得董事會宣佈的分紅派息，或由我們的股東通過普通決議宣佈（前提是我們的股東不得宣佈超過董事推薦金額的股息）。
普通股股東應享有截至2024年6月30日和2023年12月31日的分紅派息。
清盤 偏好
在公司進行任何清算、解散或清算的情況下，無論是自願還是非自願，持有A類和B類普通股的股東有權按其持有股份的票面價值比例獲得任何資產或所有基金類型的分配。
投票權
持有A類普通股和B類普通股的股東應始終一起作爲一個階級投票公司在任何公司的股東大會提交的所有事項。每股A類普通股享有一票，每股B類普通股享有10票，在我們公司的股東大會上對所有事項進行表決。
| 2 | 重大會計政策摘要 |
報告基礎
附屬的簡明綜合中期財務報表已根據美國通用會計準則（「US GAAP」）和證券交易委員會（「SEC」）的規則和法規編制。
整合
附表簡明綜合中期財務報表包括公司及其子公司的賬目。在合併時，如有重要的公司間餘額、投資和資本等，已予以消除。
流動性
在評估公司的流動性時，公司監控和評估其現金及現金等價物、營業費用和資本支出的承諾。公司的流動性需求是爲了滿足其營運資金需求、營業費用和資本支出義務。
現金流量和股東注資以及貸款已被用來滿足公司的營運資本需求。截至2024年6月30日，公司經營活動現金流量爲負S$
2024年9月26日，公司完成了其跟投後的公開發行。在這次發行中，公司發行了 單位，每個單位包括一股A類普通股和一份購買A類普通股的權證，價格爲每單位美元 。公司收到的募集總額爲美元
爲了維持其支持公司運營活動的能力，公司考慮通過以下方式補充資金來源：
| ● | 現金 及來自運營的現金等價物； | |
| ● | 新加坡銀行和其他金融機構提供的所有其他融資來源; | |
| ● | 公司相關方和股東提供的財務支持； | |
| ● | 發行 附加可轉換票據；和 | |
| ● | 通過未來的債務和股本融資獲得資金。 |
管理層已經啓動了一項策略，以籌集債務和股本。然而，不能確保這些額外融資將以可接受的條件或根本不可用。如果管理層無法執行這一計劃，則可能會對公司的業務產生重大不利影響。
根據上述考慮，管理層認爲公司擁有足夠的資金來滿足未來12個月的運營和資本支出需求和義務。然而，並不能確保公司能夠成功實施上述計劃，或者附加融資將以商業合理條款提供給公司。可能會出現一些潛在因素可能會破壞公司的計劃，如(i) 公司服務需求的變化、(ii) 政府政策，(iv) 新加坡和全球的經濟狀況。在必要時無法獲得所需融資可能需要對公司的業務計劃進行重大變更，並且可能對公司的財務狀況和經營業績產生重大影響。
| F-7 |
藝動集團有限公司
財務報表附註 至未經審計的中期摘要合併財務報表
| 2 | 重大會計政策摘要（續） |
外幣 貨幣翻譯和交易
附帶的合併財務報表以新加坡元（「SGD」或「S$」）表示，這是公司的報告貨幣。公司及其在英屬維爾京群島的子公司的功能貨幣爲美元指數（「USD」或「US$」）。所有以S$呈現的信息均已四捨五入至最接近的千位數，除非另有說明。
翻譯內容轉自英語原文
未經審計的中期簡明合併資產負債表、未經審計的中期簡明合併損益及綜合損益表、未經審計的中期簡明合併股東權益變動表和未經審計的中期簡明合併現金流量表截至2024年6月30日的金額的翻譯，僅供讀者方便參考，按照美元指數匯率計算
現金及現金等價物
現金 及現金等價物代表銀行存款，可自由提取或使用。
應收賬款淨額
應收賬款主要代表符合營業收入確認標準的客戶應支付的款項。這些應收賬款記錄時已扣除任何壞賬準備。管理層定期審查其應收款項，判斷壞賬準備的充足性，並在必要時提供壞賬準備。壞賬準備基於管理層對個別客戶風險損失的最佳估計，以及收款歷史趨勢。所有收款手段用盡且無法收回的情況下，帳戶餘額將從準備金中沖銷，而收回的可能性不大。
存款、預付費用和其他流動資產
根據各自協議的條款，存款、預付費用和其他流動資產被分類爲流動或非流動資產。這些預付款項未提供擔保，並定期進行審查，以判斷其賬面價值是否已受損。截至2024年6月30日和2023年12月31日，管理層認爲公司的存款、預付費用和其他流動資產沒有受損。
| F-8 |
藝動集團有限公司
財務報表附註 至未經審計的中期摘要合併財務報表
| 2 | 重大會計政策摘要（續） |
使用 的估計數
根據美國通用會計準則，編制簡明的綜合中期基本報表需要管理層做出影響資產、負債、收入和費用政策應用及報告金額的判斷、估計和假設。這些估計和相關假設基於歷史經驗和其他各種合理情況下認爲合理的因素，其結果構成了對資產和負債的賬面價值進行判斷的基礎，而這些價值並不容易從其他來源獲得。反映在公司合併財務報表中的重要會計估計包括但不限於長期資產減值、應收賬款信貸損失準備和過期信用撥備。實際結果可能會與這些估計有所不同。
已過期信用額度準備金
過期信用額度準備金代表所有未被消費者贖回的過期信用額度。 當信用額度到期時，如果可以可靠地估計到債務金額，則確認過期信用額度準備金。該準備金被確認爲合併利潤表中費用的減少，並作爲合併資產負債表上的資產。過期信用額度準備金的金額根據歷史經驗和預期贖回率進行估計。估計定期審查，並根據實際經驗進行必要的調整。
固定資產及設備，淨值
資產和設備按成本減去累計折舊和可能的減值計提額度報告。公司使用直線法計算折舊，折舊期限如下估計資產的使用壽命：
| 計算機 | ||
| 辦公室 設備 | ||
| 裝修 | ||
| 營業租賃負債-流動部分 |
資產售出或其他清退的成本及相關累計折舊被從帳戶中清除，任何盈利或虧損均被包括在合併利潤表中。維護和維修的支出在發生時計入費用，而預計能延長資產使用壽命的增加、續修和改善工程則被資本化。公司還重新評估折舊期以判斷後續事件和情況是否需要修訂有用壽命的估計。
無形資產，淨值
發展了 科技
研究費用在發生時被視爲費用。僅當公司能夠證明完成無形資產的技術可行性，以使其能夠用於或出售時，才會承認個別項目的開發支出產生的無形資產，表明其意圖完成以及能夠使用或賣出資產，該資產將如何產生未來經濟利益，完成所需資源的可用性以及在開發期間可靠地衡量支出方法。開發的科技具有有限的有用壽命，並且預期銷售週期內從相關項目的日期開始，按直線法分攤。
企業合併
我們會使用會計取得法來覈算我們的業務組合，這要求在收購日期將採購代價的公允價值分配給獲得的有形和無形資產以及據估計公允價值負債。將採購代價的公允價值超過這些可識別資產和負債的價值的部分記錄爲商譽。在確定獲得的資產和承擔的負債的公允價值時，我們進行了重要估計和假設，特別是對無形資產。我們對公允價值的估計基於認爲是合理的假設，但這些假設本質上是不確定和不可預測的，因此實際結果可能會與估計不同。在計量期內，不超過收購日期起的一年內，如果獲得了與收購日期存在的事實和情況相關的新信息，我們可能會對獲得的資產和負債進行調整，並相應地抵銷商譽。計量期結束後，任何後續調整將反映在合併利潤表上。收購成本，如法律和諮詢費用，將在發生時列支。
商譽
商譽
是以成本減去累計減值損失計量的。商譽不屬於攤銷對象，但會在每年的第四季度或在事件或情況變更表明報告單位的賬面價值可能超過其公允價值時進行減值測試。作爲年度商譽減值測試的一部分，公司首先進行定性評估，判斷是否需要進一步進行減值測試。如果根據定性評估的結果，在公司的報告單位的公允價值低於其賬面價值是比較可能的，那將需要進行定量減值測試。另外，公司也可以跳過定性評估並執行定量減值測試。商譽減值損失總額爲S$
| F-9 |
藝動集團有限公司
財務報表附註 至未經審計的中期摘要合併財務報表
| 2 | 重大會計政策摘要（續） |
長期資產減值
公司在發現資產（資產組合）的賬面價值可能無法完全收回時，會對其長期資產（資產組合）進行評估，包括房地產、設備和營運租賃使用權資產，以確定是否存在減值情形。當出現這些情況時，公司通過比較資產的賬面價值與預期從使用該資產（資產組合）和最終處置中產生的未折現未來現金流量來衡量減值。如果預期未折現現金流量之和小於資產（資產組合）的賬面價值，公司將根據賬面價值超過其公允價值的超額部分確認減值損失。公允價值通常通過將預期由資產（資產組合）產生的現金流量折現來確定，當市場價格不容易獲取時。資產的調整賬面價值是新的成本基礎，並按照資產剩餘有用壽命進行折舊。長期資產與其他資產和負債合併，根據能夠單獨辨認現金流量的最低級別確定，這些現金流量在很大程度上獨立於其他資產和負債的現金流量。
經營租賃權使用資產
公司確定安排是否爲租賃是在合同初始階段。經營租賃包括在資產和設備中，在公司未經審計的期間內，綜合資產負債表中包括經營租賃責任。經營租賃使用權益（"ROU"）資產包括在資產和設備中。ROU資產代表公司對租賃期內使用基礎資產的權利，而租賃負債代表公司因租賃而產生的租金支付義務。經營租賃ROU資產和負債根據租賃期內租金支付的現值於啓動日期確認。在確定租賃期限時，公司在合理確定將會行使該選項時，納入延長或終止租賃的選擇。由於公司的租賃不提供內含利率，公司在確定租金現值時，基於啓動日期可獲得的信息使用增量借款利率。公司已選擇在採納ASU 2016-02時採用以下租賃政策：（i）對於租期爲12個月或更短，且不包括有合理確定將行使的購買選擇的租賃，公司選取不適用ASC 842確認要求；和（ii）公司選擇適用於於2019年1月1日之前簽訂的現有安排的簡便程序包，以不再評估（a）安排是否或包含租賃，（b）適用於現有租賃的租賃分類，以及（c）初始直接成本。
公允價值計量
ASC 820將公允價值定義爲在計量日期以有序交易方式進行資產出售或轉讓責任時能夠獲得的價格。在確定要按公允價值記錄的資產和負債的公允價值測量時，公司將在定價資產或負債時考慮主要或最有利的市場。 ASC 820建立了一個三層公允價值層次結構，按照以下順序優先考慮用於衡量公允價值的輸入。
| 第1層 - | 反映活躍市場中相同資產或負債的報價（未經調整）的可觀測輸入。 | |
| 二級 - | 其他 在市場上直接或間接可觀察到的輸入。 | |
| 三級 - | 不可觀測 幾乎沒有市場活動支持的輸入。 |
現金及現金等價物、應收賬款淨額、預付款項及其他流動資產、應付賬款、應計費用、其他流動負債、可轉換貸款和股東借款的賬面價值與其公允價值接近，因爲它們通常具有較短的到期日。
| F-10 |
藝動集團有限公司
財務報表附註 至未經審計的中期摘要合併財務報表
| 2 | 重大會計政策摘要（續） |
營業收入 確認
靈活性 和快速商業安排
公司根據ASC 606的規定，確認其順風車和快速商業市場的營業收入。公司的營業收入來自駕駛員合作伙伴和消費者支付的佣金和服務費（統稱爲「費用」），用於使用Ryde平台將駕駛員合作伙伴與消費者連接起來，促成併成功完成交易，通過應用程序（「App」），在此過程中公司充當代理商。公司在每筆交易完成時確認營業收入。駕駛員合作伙伴和消費者與公司簽訂服務條款（「ToS」），以便使用Ryde App。根據ToS，駕駛員合作伙伴和消費者同意公司從公司代表駕駛員合作伙伴收取的車費和相關費用中保留適用的費用作爲其使用Ryde平台的考慮。公司作爲代理商，促使駕駛員合作伙伴向消費者提供移動性和快速商業服務的能力。公司按淨額報告營業收入，反映應從駕駛員合作伙伴處收取的費用作爲收入，而不是從消費者那裏收取的全部金額。
根據公司的慣例業務做法，在司機合作伙伴與消費者之間以及在司機合作伙伴和消費者的取消交易的能力消失時，通常是在消費者或貨物接送時，存在合同。 公司在交易中的唯一履行義務是將司機合作伙伴與消費者聯繫起來，促進爲消費者提供成功的移動或快速商業服務的完成。 公司在交易完成後承認營業收入，因爲其履約義務在交易完成時得以滿足。 公司代表司機合作伙伴向消費者收取車費和相關費用，使用消費者預授權的信用卡或其他支付機制，並在向司機合作伙伴發放剩餘款項之前保留其費用； 因此，司機夥伴的支付能力和意圖不受重大審查。
原則 與代理人考慮
在與司機合作伙伴和消費者進行交易時，需要判斷我們是主體還是代理。我們會根據我們是否控制向消費者提供的服務並且是主體（即「毛利」）或者我們安排其他方提供服務給消費者並且是代理（即「淨額」）來評估營業收入的呈現方式。這一判斷還會影響對司機合作伙伴提供的激勵以及向消費者提供的折扣和促銷的呈現方式，只要它們不是客戶。
對於流動性和快速商業交易，我們的角色是爲駕駛員合作伙伴提供服務，以促進成功的行程或者快速消費服務給消費者。我們得出結論表示我們不控制駕駛員合作伙伴提供給消費者的貨物或服務，因爲(i)我們沒有事先購買或以其他方式獲取貨物或服務的控制權，然後將其轉交給消費者；(ii)我們不指示駕駛員合作伙伴代表我們執行服務，(iii)我們不整合駕駛員合作伙伴提供的服務與我們的其他服務，然後提供給消費者。作爲我們評估控制權的一部分，我們審查其他特定因子來幫助確定主體與代理人的結論。我們不是主要負責針對消費者提供的流動性和快速商業服務，也不承擔與這些服務相關的庫存風險。儘管我們有助於設定流動性和快速商業服務的價格，但駕駛員合作伙伴和消費者最終有權自行決定接受交易價格，這一因子本身並不導致我們控制向消費者提供的服務。
在與消費者的交易中，我們作爲司機合作伙伴的代理人，通過連接尋求移動性和快速商務服務的消費者與尋求提供這些服務的司機合作伙伴。司機合作伙伴和消費者是我們的客戶，併爲每筆成功完成的與消費者的交易向我們支付費用。因此，我們按淨額確認營業收入，代表我們期望收到的向我們提供服務給司機合作伙伴和消費者的費用。
| F-11 |
藝動集團有限公司
財務報表附註 至未經審計的中期摘要合併財務報表
| 2 | 重大會計政策摘要（續） |
收入確認（續）
移動性 和快速商務
公司主要通過司機合作伙伴和消費者爲了使用平台和相關服務連接消費者併成功完成交易而支付的費用來獲取移動性和快速商務營業收入。公司在完成交易時確認收入。
收入的呈現是以淨額爲基礎。公司作爲代理，其履行義務是爲另一個方（即司機合作伙伴）安排提供移動和快速商業服務。通過公司的應用程序，它可以連接司機合作伙伴和消費者。公司僅通過連接司機合作伙伴和消費者來促進交易。司機合作伙伴負責履行合同。
激勵措施 如果公司未獲得顯著的商品或服務，或無法合理估計所收到的商品或服務的公允價值，則提供給司機合作伙伴的激勵措施將被記錄爲營業收入的減少。未以顯著商品或服務交換提供給司機合作伙伴的激勵措施將根據司機合作伙伴在此時或在獲得激勵時可能獲得的最可能金額進行評估，具體取決於激勵的類型。由於激勵在開空的時間內獲得，因此在估計變量考慮時不確定性有限。
超額司機合作伙伴激勵指的是支付給司機合作伙伴的累計款項超過從司機合作伙伴那裏獲得的累計營業收入，並且沒有未來額外收入的保證。支付給司機合作伙伴的累積款項可能超過從司機合作伙伴那裏獲得的累計營業收入，這是因爲司機合作伙伴的激勵或者支付給司機合作伙伴的費用超過了消費者支付的車費。司機合作伙伴的激勵在很大程度上取決於基於市場條件的業務決策。
當司機合作伙伴獎勵的累積金額超過自司機合作伙伴關係開始以來的累積營業收入時，超出的司機合作伙伴獎勵將作爲費用記錄在損益表中。因此，與關係初期提供給司機合作伴侶的獎勵通常被歸類爲營業成本，而與關係更加成熟的司機合作伙伴提供的獎勵通常被歸類爲營業收入的減少。
激勵 給消費者
公司在顧客完成交易後，以信用形式提供消費者激勵，旨在鼓勵消費者將來使用Ryde平台進行交易。這些信用提供給市場上的消費者，以獲取新消費者，重新吸引現有客戶，或者普遍增加平台的整體使用，類似於優惠券。公司在資產負債表上記錄這些信用作爲負債，在經營活動和全面損益表中將其記錄爲司機和乘客成本及相關費用，當這些信用被消費者兌現時。
Revenue from Advertising
Revenue from advertising is recognized when the advertising services are provided to the merchant. The revenue is recognized at the amount of consideration that the company expects to be entitled to receive, net of any discounts or refunds. If the consideration for the advertising services includes barter trade, the revenue and cost are recognized separately based on the fair value of the barter trade.
公司從向商家提供的數字廣告服務中獲得營業收入，這些服務涵蓋了在我們的移動/網絡平台和電子郵件渠道內展示商家的廣告。營業收入的確認始於合同期的開始，在與商家客戶簽訂的協議中規定。公司採用「產出法」來衡量履行績效義務的進展。根據這種方法，營業收入在合同期間的持續時間內按比例確認。這種方法準確反映了服務轉讓的忠實描繪，因爲它與所提供服務的性質相吻合，其中營業收入的確認基於合同期。
會員資格
會員營業收入在會員期間內確認。訂閱費用在訂閱期間確認爲營業收入。爲提供會員權益發生的任何相關成本被確認爲成本。給予會員的返現獎勵、獨家生活方式和餐飲待遇、以及折扣優惠不被確認爲營業收入。
| F-12 |
藝動集團有限公司
財務報表附註 至未經審計的中期摘要合併財務報表
| 2 | 重大會計政策摘要（續） |
板塊
ASC 280《分部報告》規定了關於在與公司內部組織結構一致的基礎上報告運營部門信息的標準，以及有關地理區域、業務部門和主要客戶的信息，詳細說明公司的業務部門在財務報表中的情況。管理層已確定公司僅經營一個部門，因爲公司只有一個首席經營決策者（「CODM」），即公司的首席執行官。運營和財務指標適用於整個公司。公司的銷售主要集中在新加坡。
集中度 和信用風險
潛在暴露於信用風險集中的金融工具主要包括應收賬款。公司已設計其信用政策，以最小化其信用風險敞口。公司的應收賬款是短期性質的，相關風險較低。公司對其客戶進行信用評估，一般不要求提供擔保或其他安防-半導體。公司定期評估現有客戶的信用狀況，確定壞賬準備金主要基於應收賬款的賬齡和圍繞特定客戶信用風險的因素。
截至2024年6月30日和2023年12月31日，公司的資產位於新加坡，公司的營業收入主要來自新加坡。
員工福利
員工福利被視爲支出，除非成本符合資產減值的資格。
已定義
繳款計劃是離職後福利計劃，根據該計劃，公司向不同的實體支付固定繳款，例如
強制性、合同性或自願性質的中央公積金。繳款後，公司沒有進一步的付款義務
已付款。支付給新加坡中央公積金委員會的中央公積金爲新元
Share-based compensation
The Company follows ASC 718, Compensation —Stock Compensation (“ASC 718”), which requires the measurement and recognition of compensation expense for all share-based payment awards, including restricted stock units, based on estimated grant date fair values. Share-based compensation are valued using the market price of the Company’s common shares on the date of grant. The Company records compensation expense, net of estimated forfeitures, over the requisite service period.
Awards classified in equity under ASC 718 that may be subject to temporary equity classification include:
| ● | Shares with a repurchase feature that the employee can exercise only after the shares have been vested for at least six months, as well as options on such shares. | |
| ● | Shares that have a contingent repurchase feature that is outside the control of the employee and the entity if it is currently probable that the contingency would not occur. Examples include shares redeemable only on the occurrence of a liquidity event, such as a change of control. | |
| ● | Options that have a contingent cash-settlement provision not within the employee’s or the entity’s control if it is not currently probable that the contingency would occur. |
Related parties
Parties are considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are also considered to be related if they are subject to common control or significant influence of the same party, such as a family member or relative, shareholder, or a related corporation.
Income taxes
The Company accounts for income taxes under ASC 740. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets are also provided for net operating loss carry forwards that can be utilized to offset future taxable income.
Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period including the enactment date. A valuation allowance is established, when necessary, to reduce net deferred tax assets to the amount expected to be realized. Current income taxes are provided for in accordance with the laws of the relevant taxing authorities.
An uncertain tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded.
The Company did not accrue any liability, interest or penalties related to uncertain tax positions in its provision for income taxes for the six months ended June 30, 2024 and 2023.
| F-13 |
RYDE GROUP LTD
NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
| 2 | Summary of significant accounting policies (continued) |
Government grants
Government grants are recognized when there is reasonable assurance that the grant will be received, and all attaching conditions will be complied with. Government grants shall be recognized in profit or loss on a systematic basis over the periods in which the entity recognizes as expenses the related costs for which the grants are intended to compensate. Government grant is recognized as ‘Other income’ in profit or loss.
The following is a description of the government grants the Company have received:
| ● | The Jobs Growth Incentive (“JGI”): To support employers to expand local hiring from September 2020 to March 2023. The duration of JGI support will vary depending on when the local hire was hired and the characteristics of the local hire. | ||
| ● | The Progressive Wage Credit Scheme: It was introduced in Singapore Budget 2022 to provide transitional wage support for employers to adjust to upcoming mandatory wage increases for lower-wage workers covered by the Progressive Wage and Local Qualifying Salary requirements and voluntarily raise wages of lower-wage workers. | ||
| ● | CPF Transition Offset: Transitory wage offsets provided by the Government equivalent to 50% of each year’s increase in employer CPF contribution rates for every Singaporean and Permanent Resident employee aged above 55 to 70 to alleviate the rise in business costs due to the increase in CPF contribution rates for senior workers. | ||
| ● | Government-Paid Leave schemes: Leave schemes provided by the Government to support parents in having and raising children by reimbursing the companies for leaves taken by eligible employees. |
Basic
earnings (loss) per share is computed by dividing net earnings (loss) attributable to ordinary shareholders by the weighted average number
of ordinary shares outstanding during the year. Diluted earnings per share reflect the potential dilution that could occur if outstanding
stock options, warrants and convertible debt were exercised or converted into ordinary shares. When the Company has a loss, diluted shares
are not included as their effect would be anti-dilutive. The Company has
Interest rate risk
Interest rate risk is the risk that the fair value or future cash flows of the Company’s financial instruments will fluctuate because of changes in market interest rates. The Company’s exposure to interest rate risk arises mainly from its interest-bearing financial liabilities. The Company periodically reviews its liabilities and monitors interest rate fluctuations to ensure that the exposure to interest rate risk is within acceptable levels. The interest-bearing financial liabilities are usually at fixed interest rates except for money market loans, bank overdrafts and floating interest rate loans. The Company does not utilize interest rate derivatives to minimize its interest rate risk.
Commitments and Contingencies
In the normal course of business, the Company is subject to contingencies, including legal proceedings and claims arising out of the business that relate to a wide range of matters, such as government investigations and tax matters. The Company recognizes its liability for such contingency if it determines it is probable that a loss has occurred and a reasonable estimate of the loss can be made. The Company may consider many factors in making these assessments including historical and the specific facts and circumstances of each matter.
| F-14 |
RYDE GROUP LTD
NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
| 2 | Summary of significant accounting policies (continued) |
Recent Adopted Accounting Pronouncements
In June 2022, the FASB issued ASU 2022-03, “Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions,” which clarifies that contractual sale restrictions are not considered in measuring fair value of equity securities and requires additional disclosures for equity securities subject to contractual sale restrictions. The standard is effective for public companies for fiscal years beginning after December 15, 2023. We adopted the ASU on January 1, 2024. The additional required disclosures did not have a material impact on our condensed consolidated financial statements.
Recently Issued Accounting Pronouncements Not Yet Adopted
In November 2023, the FASB issued ASU 2023-07, Segment Reporting—Improvements to Reportable Segment Disclosures (Topic 280). The standard requires incremental disclosures related to reportable segments, including disaggregated expense information and the title and position of the company’s chief operating decision maker (“CODM”), as identified for purposes of segment determination. The ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Entities must adopt the changes to the segment reporting guidance on a retrospective basis. Early adoption is permitted. The Company is currently evaluating the impact of this standard on its consolidated financial statements and does not expect materials impact to its consolidated financial statements.
In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures,” which requires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on income taxes paid. The standard is intended to benefit investors by providing more detailed income tax disclosures that would be useful in making capital allocation decisions. The standard will be effective for public companies for fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the impact of this accounting standard update on our consolidated financial statements and does not expect materials impact to its consolidated financial statements.
| F-15 |
RYDE GROUP LTD
NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
| 3 | Deposits, prepaid expenses and other current assets |
| 2023年12月31日 | 6月 30日， 2024 | 6月30日2024 | ||||||||||
| 新加坡貨幣'000 | 新加坡貨幣'000 | 千美元 | ||||||||||
| 存款 | ||||||||||||
| 預付款項 | ||||||||||||
| 其他應收款 | ||||||||||||
| 過期信用的準備金 | ||||||||||||
截至2024年6月30日，SGD預付款中已包含在內
| 4 | 財產和設備，淨額 |
| 2023 年 12 月 31 日 | 2024年6月30日 | 2024年6月30日 | ||||||||||
| S$'000 | S$'000 | '000 美元 | ||||||||||
| 計算機 | ||||||||||||
| 辦公室 | ||||||||||||
| 經營租賃使用權資產 | ||||||||||||
| 總計 | ||||||||||||
| 減去：累計折舊 | ( | ) | ( | ) | ( | ) | ||||||
| 賬面淨值 | ||||||||||||
折舊
截至2024年6月30日和2023年6月30日的六個月的支出爲新元
公司的經營租賃使用權-資產與租賃期限爲兩年的辦公室租賃協議相關。公司的租賃協議不包含任何實質性殘值擔保或實質性限制性約定。在採納ASU 2016-02之後，對於租期不超過一年的租賃，未記錄任何使用權資產（「ROU」）或租賃負債。
| 5 | 無形資產, 淨額 |
| 2023 年 12 月 31 日 | 六月 30， 2024 | 六月 2024 年 30 日 | ||||||||||
| S$'000 | S$'000 | '000 美元 | ||||||||||
| 開發的技術 | ||||||||||||
| 其他 | ||||||||||||
| 總計 | ||||||||||||
| 減去：累計攤銷 | ( | ) | ( | ) | ( | ) | ||||||
| 賬面淨值 | ||||||||||||
2024年6月30日和2023年結束的六個月的攤銷費用分別爲S$
The Company’s estimated aggregate future amortization expenses for intangible assets subject to amortization as of June 30, 2024, as follows:
6月30日2024 | ||||
| 千美元 | ||||
| 2024年7月至12月 | ||||
| 2025年至2027年財政年度結束 | ||||
| F-16 |
RYDE GROUP LTD
財務報表附註 至未經審計的中期摘要合併財務報表
| 6 | Goodwill, net |
| 2023年12月31日 | 2024年6月30日 | 2024年6月30日 | ||||||||||
| 新加坡貨幣'000 | 新加坡貨幣'000 | 千美元 | ||||||||||
| 收購 | ||||||||||||
| 商譽減值 | ( | ) | ( | ) | ( | ) | ||||||
收購美麗科技私人有限公司及其附屬公司（「美麗集團」）
2023年2月20日，Ryde Technologies私人有限公司與美麗集團簽訂了一份《買賣協議》，收購了新加坡的最後一英里即時物流服務提供商美麗集團。美麗集團包括美麗科技私人有限公司及其全資子公司美麗科技馬來西亞私人有限公司（「美麗馬來西亞」），位於馬來西亞。自2021年12月16日成立以來，美麗馬來西亞一直處於休眠狀態。預計這次收購將有助於公司當前的快速商業增長。
購買代價已通過發行可交換票據的方式滿足Meili Note持有人，每張可交換爲公司股份。根據可交換票據的條款和條件，除非先前贖回或轉換爲公司股份，購買代價將在公司獲得受認可交易所通知的情況下強制轉換爲公司股份，以便進行上市報價文件的備案。可交換票據強制轉換爲公司股份將基於 公司上市後的後期估值每股價格的折扣率。截至2023年6月30日，購買代價的公允價值爲S$
就美麗集團的收購事宜，公司在2023年2月20日的暫定基礎上確認可辨認資產和承擔的負債的公允價值。這些價值將根據有關收購日現有的事實和情況的所有必要信息的收到而更改。在這方面的關鍵信息涉及於用於計量商譽的考慮價值，該價值受公司的後募資估值以及完成由美麗債券持有人持有的所有可交換票據的交換。
以下表格總結了截至2023年2月20日財產收購的公允價值和負債承擔情況：
| 新加坡貨幣'000 | ||||
| 現金及現金等價物 | ||||
| 2,687,823 | ||||
| 存款、預付費用及其他流動資產 | ||||
| 已識別資產總額 | ||||
| 承擔的總負債 | ( | ) | ||
| 取得的淨負債 | ( | ) | ||
| 商譽 | ||||
| 收購總對價 | ||||
購買考量超過取得的淨有形和可識別無形資產的公允價值是作爲商譽記錄。
商譽減值
在2023年，我們通過將美麗集團的公允價值與其賬面價值進行比較，進行了中期商譽減值測試。 公允價值確定爲貼現現金流量（「DCF」）方法的總和。 用於公允價值評估的重要不可觀測輸入包括折現率
| 7 | 關聯方交易和餘額 |
如果一方有能力直接或間接地控制另一方，或在財務和運營決策方面對另一方具有重大影響力，則認爲各方相關。如果受共同控制則同樣被視爲相關方。相關方可以是個人或公司。
下表列出了截至2024年6月30日和2023年12月31日時，與公司有重大關聯的主要關聯方及其關係：
| 相關方名稱 | 與公司的關係 | |
| DLG Ventures私人有限公司。 |
i) 與關聯方的重大交易如下所示:
| 截至6月30日六個月的時間裏， | ||||||||||||
| 2023 | 2024 | 2024 | ||||||||||
| 新加坡貨幣'000 | 新加坡貨幣'000 | 千美元 | ||||||||||
| 股東提供的借據利息支出 | ||||||||||||
ii) 與關聯方的重要餘額如下：
| 2023年12月31日 | 6月 30日， 2024 | 2024年6月30日 | ||||||||||
| 新加坡貨幣'000 | 新加坡貨幣'000 | 千美元 | ||||||||||
| 關聯方 | ||||||||||||
| 股東備忘錄 | ||||||||||||
| F-17 |
RYDE GROUP LTD
NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
| 8 | 可轉換貸款 |
| 2023年12月31日 | 6月 30日， 2024 | 6月30日2024 | ||||||||||
| 新加坡貨幣'000 | 新加坡貨幣'000 | 千美元 | ||||||||||
| 來自債券持有人的可轉換貸款 (a) | ||||||||||||
| 可轉換貸款 (b) | ||||||||||||
| 債券發行費用 (b) | ( | ) | ||||||||||
| ) | ||||||||||||
| 減：當前部分 | ( | ) | ||||||||||
| 非流動部分 | ||||||||||||
| (a) |
這指的是一份等值新加坡元的可交換票據
| (b) |
截至2023年12月31日，可轉換貸款如下所示：
| 貸款 | 貨幣 | 時期 | 年利率 | 保證 |
其他 安防-半導體 | 賬面餘額 (千新加坡元) | 賬面餘額
| |||||||||||||||||||||
| 無擔保固定利率可轉換貸款 | SGD | | % | | ||||||||||||||||||||||||
可轉換貸款須於2024年2月28日或之前還清。截至2023年12月31日財政年度結束，未進行償還或支付利息。該可轉換貸款於2024年3月已全額償還。
2023年7月11日，Ryde Technologies私人有限公司（「Ryde Tech」）與第三方簽訂了第二份追加協議（「協議」）。該協議使Ryde Tech能夠在上市日贖回新幣
新加坡元的可轉換貸款
| F-18 |
RYDE GROUP LTD
財務報表附註 至未經審計的中期摘要合併財務報表
| 9 | 股東備忘錄 |
| 2023年12月31日 | 2024年6月30日 | 2024年6月30日 | ||||||||||
| 新加坡貨幣'000 | 新加坡貨幣'000 | 千美元 | ||||||||||
| 當前 | ||||||||||||
| 股東備忘錄 | ||||||||||||
| 單張債券 | 貨幣 | 時期 | 年利率 | 保證 | 其他安防-半導體 | 賬面餘額 (千新加坡元) | 賬面餘額
| |||||||||||||||||||||
| 無抵押固定利率票據 | SGD | % | ||||||||||||||||||||||||||
| 無抵押固定利率票據 | SGD | |||||||||||||||||||||||||||
| 10 | 經營租賃負債 |
| 2023年12月31日 | 6月30日2024 | 2024年6月30日 | ||||||||||
| 新加坡貨幣'000 | 新加坡貨幣'000 | 千美元 | ||||||||||
| 流動部分 | ||||||||||||
公司的經營租賃使用權-資產與租賃期限爲兩年的辦公室租賃協議相關。公司的租賃協議不包含任何實質性殘值擔保或實質性限制性約定。在採納ASU 2016-02之後，對於租期不超過一年的租賃，未記錄任何使用權資產（「ROU」）或租賃負債。
截至6月30日，公司在未來12個月內的營運租賃最低支付承諾如下：
| 截至2024年6月30日 | 最低租金支付 | |||
| 千美元 | ||||
| 2025 | ||||
| 未來租賃付款總額 | ||||
| 表示利息的金額 | ( | ) | ||
| 營業租賃負債現值 | ||||
| 減：當前部分 | ( | ) | ||
| 非流動部分 | ||||
以下總結了截至2024年6月30日公司經營租賃的其他補充信息：
| 加權平均折扣率 | % | |||
| 加權平均剩餘租賃期限（年） |
| F-19 |
藝動集團有限公司
財務報表附註 至未經審計的中期摘要合併財務報表
| 11 | 所得稅 |
開曼 和英屬維爾京群島
該公司及其子公司註冊地分別位於開曼群島和英屬維爾京群島。目前當地享受永久所得稅假期；因此，公司和萊德集團（英屬維爾京群島）有關的所得稅未予計提。
新加坡
Ryde科技私人有限公司 和 Meili 科技私人有限公司 成立於新加坡，根據適用的新加坡稅法對其基本報表上的應稅收入進行調整，並適用相應的稅率。
馬來西亞
Meili科技（M）有限公司將根據其法定基本報表中報告的應稅收入，按照相關馬來西亞稅法進行調整，納稅。馬來西亞的標準公司所得稅率爲
截至2024年6月30日和2023年6月30日，當前和遞延部分的所得稅準備金均爲零。
集團實際所得稅準備與各自法定稅率下的準備之間的調和如下：
| 截至6月30日六個月的時間裏， | ||||||||||||
| 2023 | 2024 | 2024 | ||||||||||
| 新加坡貨幣'000 | 新加坡貨幣'000 | 千美元 | ||||||||||
| 稅前虧損 | ( | ) | ( | ) | ( | ) | ||||||
| 按照集團運營國家的盈利或虧損適用的國內稅率計徵稅 | ( | ) | ( | ) | ( | ) | ||||||
| 協調項目： | ||||||||||||
| 非扣稅開支 | ||||||||||||
| 政府撥款不需繳稅 | ( | ) | ( | ) | ( | ) | ||||||
| 遺失稅收抵價 | ||||||||||||
| 其他 | ( | ) | ||||||||||
| 稅收 | ||||||||||||
公司截至2024年6月30日和2023年12月31日的遞延稅款餘額中重要的元件如下:
十二月 31, 2023 | 6月30日2024 | 6月 30日， 2024 | ||||||||||
| 新加坡貨幣'000 | 新加坡貨幣'000 | 千美元 | ||||||||||
| 遞延所得稅資產 | ||||||||||||
| 稅務虧損結轉 | ||||||||||||
| 減：減值準備 | ( | ) | ( | ) | ( | ) | ||||||
| 總遞延稅資產 | ||||||||||||
| 遞延稅款負債 | ||||||||||||
| 遞延稅負債合計 | ||||||||||||
關於從收購Meili Technologies Pte. Ltd.所產生的無形資產公允價值相關的遞延稅負。
| F-20 |
藝動集團有限公司
財務報表附註 至未經審計的中期摘要合併財務報表
| 11 | 收入 稅（續） |
稅務虧損結轉可用於抵銷未來應納稅利潤，但由於不確定性無法確認遞延稅資產。未來可從稅務虧損結轉中實現的所得稅收益，可在符合集團公司所在國稅法規定的前提下，無限期用於未來。
截至2024年6月30日，在新加坡和馬來西亞的公司的帳戶年度是2023年的稅年。
| 12 | 營業收入 |
| 2021年6月30日止六個月 | ||||||||||||
| 2023 | 2024 | 2024 | ||||||||||
| 新加坡貨幣'000 | 新加坡貨幣'000 | 千美元 | ||||||||||
| 在這種合作伙伴關係下，電動汽車充電是一個新方面。 Stellantis的移動品牌Free2Move將使用由TotalEnergies運營的充電站網絡進行其在巴黎的汽車共享活動。未來還會考慮與更簡單的電動移動有關的其他建議。 | ||||||||||||
| 快速商業 | ||||||||||||
| 會員資格 | ||||||||||||
| 廣告計劃 | ||||||||||||
| 其他 | ||||||||||||
| 13 | 其他收入 |
| 在截至6月30日的六個月中 | ||||||||||||
| 2023 | 2024 | 2024 | ||||||||||
| S$'000 | S$'000 | '000 美元 | ||||||||||
| 政府補助 | ||||||||||||
| 其他 | ||||||||||||
| 14 | 其他費用 |
| 2021年6月30日止六個月 | ||||||||||||
| 2023 | 2024 | 2024 | ||||||||||
| 新加坡貨幣'000 | 新加坡貨幣'000 | 千美元 | ||||||||||
| 信息技術費用 | ||||||||||||
| 法律和專業費用 | ||||||||||||
| 市場營銷和廣告 | ||||||||||||
| 租賃 | ||||||||||||
| 其他 | ||||||||||||
| F-21 |
藝動集團有限公司
財務報表附註 至未經審計的中期摘要合併財務報表
| 15 | 股權酬金 |
| 截至6月30日六個月的時間裏， | ||||||||||||
| 2023 | 2024 | 2024 | ||||||||||
| 新加坡貨幣'000 | 新加坡貨幣'000 | 千美元 | ||||||||||
| 股權酬金 | ||||||||||||
在2024年6月，公司發行了 向某些顧問發行公司的A類普通股。顧問根據諮詢協議爲公司提供的諮詢服務包括：審查並就公司的戰略計劃提供建議；會見焦點群體和感興趣的各方，討論公司的戰略計劃；就如何最佳地定位公司及其子公司提供建議；爲公司及其子公司提出潛在的收購目標；並協助處理公司及其子公司委託顧問處理的公司事務。
發給顧問的A類普通股的公平價值是基於每股收盤價（美元）來衡量的每股.
截至2024年6月30日的期間內，公司確認了S$的股份補償。美元在綜合損益表中確認了S$的股份補償。
| 16 | 每股虧損 |
| 2021年6月30日止六個月 | ||||||||||||
| 2023 | 2024 | 2024 | ||||||||||
| 新加坡貨幣'000 | 新加坡貨幣'000 | 千美元 | ||||||||||
| 淨虧損和其他綜合虧損 | ( | ) | ( | ) | ( | ) | ||||||
| 減少：歸屬於非控股利益的綜合損失 | ( | ) | ( | ) | ( | ) | ||||||
| 本期歸屬於Ryde Group Ltd的綜合虧損 | ( | ) | ( | ) | ( | ) | ||||||
| 基本加權平均流通普通股 | ||||||||||||
| Ryde集團有限公司每股基本和稀釋的虧損 | ) | ) | ) | |||||||||
6月30日2023 | 2024年6月30日 | |||||||
| 第三方借款轉換股份 | ||||||||
| 17 | 後續事件 |
公司已經評估了截至2024年10月23日的所有後續事件，這是這些合併財務報表發行日期，除以下情況外，在這些合併財務報表中不需要披露其他重大後續事件。
(a) 成立新子公司
2024年8月2日，公司在新加坡設立了一個新的子公司，即RGTC私人有限公司。
(b) 向Maxim Partners LLC發行新股
2024年9月12日，公司發行了A類普通股給Maxim Partners LLC。 代表權證進行無現金行權後，公司向Maxim發行了代表權證，這些代表權證是與公司IPO相關的。
(c) 公開發行完成
2024年9月26日，Ryde Group Ltd與Maxim Group LLC簽訂了一項安排代理協議，作爲一個現在員的排他性代理人。 單位，每單位包括一股A類普通股和一份以每份$的價格購買一股A類普通股的認股權證。該公司還與購買方簽訂了證券購買協議，並與VStock Transfer LLC簽訂了認股權證代理協議。該發行計劃已在SEC上以F-1表格（註冊號333-282076）進行註冊，於2024年9月25日生效，並於2024年9月27日結束。該公司向Maxim Group LLC支付了
| F-22 |
附件99.2
管理層對2024年6月30日結束的六個月的財務狀況和經營成果進行討論和分析
有關我們的財務狀況和經營業績的討論與分析，請與本報告附表99.1一起閱讀的未經審計的中期簡明合併財務基本報表以及相關附註結合閱讀。我們還建議您閱讀我們的財務狀況和經營業績的討論與分析，以及我們的已審計財務基本報表和相關附註，這些內容包含在2023年12月31日結束的年度報告（「年度報告」）中，於2024年4月29日向美國證券交易委員會（「SEC」）提交。
新興成長公司地位
根據JOBS法案，我們是一家「新興增長型公司」。JOBS法案允許「新興增長型公司」利用延長的過渡期來符合適用於公開公司的新或修訂會計準則，直至這些標準原本適用於私有公司爲止。我們已選擇延遲採納某些會計準則。因此，我們的基本報表可能無法與遵守此類新或修訂的會計準則的公開公司的基本報表相比。我們打算利用JOBS法案提供的其他豁免，包括但不限於，無需遵守《薩班斯-奧克斯利法案》第404（b）條的審計人證要求。
我們將繼續保持成長中的公司地位，直至以下情形中最早的一個發生：(i) 我們年營業收入超過12.35億美元的財政年度的最後一天，(ii) 我們符合交易所法規第120億2條規定中「大型加速申報人」的日期，該日期是指我們非關聯方持有的普通股市值超過7千萬美元時，(iii) 我們在任意三年期間發行的不可轉換債券超過10億美元，以及(iv) 我們首次公開發行股票五週年後的財政年度結束的最後一天。
概述
我們是一款「超級移動應用」，通過多個移動工具提供給我們的客戶終極便利性和可靠性，這些工具可以從一個單一應用中訪問並無縫運行。憑藉科技的力量，我們致力於通過徹底改變人們和貨物運輸方式來積極影響所有司機的生活。我們的應用程序提供即時和預約拼車服務，以及即時、預約和多站點包裹送送服務。
Headquartered in Singapore, we plan to expand into Southeast Asia, such as Malaysia and Thailand, and other countries, such as Australia and New Zealand.
Summary of Our Services
Our current app powers mobility for the community allowing real-time connection between riders, goods and drivers.
| a) | Mobility (Ride-hailing): Ryde’s ride-hailing service allows users to book rides with drivers using a mobile app. |
| b) | Mobility (Carpooling): Ryde’s carpooling service allows users to share rides with others who are traveling in the same direction, helping to reduce congestion and carbon emissions. |
| c) | Quick commerce: Ryde’s delivery service allows users to make a delivery booking using a mobile app. |
We expanded our services in 2018 with the launch of RydeSEND, a quick commerce solution. Integrated within the Ryde app, RydeSEND allows users to conveniently select the service and have their goods delivered within 50 minutes of pickup. One of the standout features of RydeSEND is its real-time tracking system, providing users with the ability to monitor the progress of their deliveries in real-time.
In March 2022, we introduced an enhanced multi-stop feature, enabling users to send their items to up to 6 different destinations in a single trip. This advancement optimizes efficiency and reduces costs for users with multiple delivery needs. Each stop within a booking may have varying delivery windows, providing flexibility and convenience. Delivery fees are calculated based on factors such as distance, time, and additional delivery-related costs, including surging prices during periods of high demand.
In February 2023, we further bolstered our technological capabilities through the acquisition of Meili Technologies Pte. Ltd. This strategic move not only brings advanced software technology to our platform but also strengthens our position by leveraging existing contractual relationships with various clients. Additionally, we expanded our pool of delivery partners by offering opportunities for motorcyclists and walkers to become RydeSEND partners. This expansion aims to enhance our overall fulfillment rate and ensure prompt and efficient delivery services for our customers.
Through RydeSEND, we continue to transform the quick commerce landscape, providing a seamless and reliable solution for users to have their goods delivered swiftly and conveniently. Our commitment to innovation, strategic partnerships, and expanding our delivery network enables us to meet the evolving demands of our customers while driving revenue growth in the competitive quick commerce sector.
Overall, we aim to provide safe, reliable, and affordable transportation options for our users while also promoting sustainable mobility and quick commerce practices.
Financial Operations Overview
Comparison of Six Months Ended June 30, 2024 and 2023
| For the six months ended June 30, | ||||||||||||||||||||
| 2024 | 2024 | 2023 | Increase/(Decrease) | |||||||||||||||||
| US$’000 | S$’000 | S$’000 | S$’000 | % | ||||||||||||||||
| Revenue | 3,229 | 4,376 | 5,232 | (856 | ) | -16 | % | |||||||||||||
| Other income | 32 | 43 | 49 | (6 | ) | -12 | % | |||||||||||||
| Drivers and riders cost and related expenses | (1,457 | ) | (1,975 | ) | (3,669 | ) | (1,694 | ) | -46 | % | ||||||||||
| Employee benefits expenses | (813 | ) | (1,102 | ) | (963 | ) | 139 | 14 | % | |||||||||||
| Depreciation and amortization expenses | (182 | ) | (247 | ) | (181 | ) | 66 | 36 | % | |||||||||||
| Finance cost | (55 | ) | (75 | ) | (52 | ) | 23 | 44 | % | |||||||||||
| Other expenses | (3,509 | ) | (4,755 | ) | (3,751 | ) | 1,004 | 27 | % | |||||||||||
| Operational loss | (2,755 | ) | (3,735 | ) | (3,335 | ) | 400 | 12 | % | |||||||||||
| Impairment of goodwill | - | - | (664 | ) | (664 | ) | -100 | % | ||||||||||||
| Share-based compensation | (7,237 | ) | (9,807 | ) | - | 9,807 | 100 | % | ||||||||||||
| Loss before income tax taxes | (9,992 | ) | (13,542 | ) | (3,999 | ) | 9,543 | 239 | % | |||||||||||
| Income tax expense | - | - | - | - | - | |||||||||||||||
| Net loss | (9,992 | ) | (13,542 | ) | (3,999 | ) | 9,543 | 239 | % | |||||||||||
Revenue
| For the six months ended June 30, | ||||||||||||||||||||
| 2024 | 2024 | 2023 | Increase/(Decrease) | |||||||||||||||||
| US$’000 | S$’000 | S$’000 | S$’000 | % | ||||||||||||||||
| Mobility | 2,054 | 2,783 | 3,129 | (346 | ) | -11 | % | |||||||||||||
| Quick commerce | 72 | 98 | 86 | 12 | 14 | % | ||||||||||||||
| Membership | 227 | 308 | 313 | (5 | ) | -2 | % | |||||||||||||
| Advertising initiatives | 841 | 1,140 | 1,704 | (564 | ) | -33 | % | |||||||||||||
| Others | 35 | 47 | - | 47 | 100 | % | ||||||||||||||
| Total revenue | 3,229 | 4,376 | 5,232 | (856 | ) | -16 | % | |||||||||||||
In the first six months of 2024, total revenue from all income streams decreased by S$856,000 or 16% to S$4,376,000 compared to S$5,232,000 in the first six months of 2023.
Revenue from mobility decreased by S$346,000 or 11% to S$2,783,000 compared to S$3,129,000 in the first six months of 2023. The decline in the revenue mainly contributed by the transition to the 0% driver commission model.
In the first six months of 2024, the revenue from advertising initiatives decreased by S$564,000 mainly due to the lesser demand of advertising in the first six months of 2024.
Other income
| For the six months ended June 30, | ||||||||||||||||||||
| 2024 | 2024 | 2023 | Increase/(Decrease) | |||||||||||||||||
| US$’000 | S$’000 | S$’000 | S$’000 | % | ||||||||||||||||
| Total other income | 32 | 43 | 49 | (6 | ) | -12 | % | |||||||||||||
Other income decreased by S$6,000 or 12% to S$43,000 in the first six months of 2024, compared to S$49,000 in the first six months of 2023. The decrease was mainly due to the reduction in the government grants from the Singapore authorities.
Drivers and riders cost and related expenses
| For the six months ended June 30, | ||||||||||||||||||||
| 2024 | 2024 | 2023 | Increase/(Decrease) | |||||||||||||||||
| US$’000 | S$’000 | S$’000 | S$’000 | % | ||||||||||||||||
| Total drivers and riders cost and related expenses | 1,457 | 1,975 | 3,669 | (1,694 | ) | -46 | % | |||||||||||||
In the first six months of 2024, our drivers and riders cost and related expenses decreased by S$1,694,000 or 46% to S$1,975,000 compared to S$3,669,000 in the first six months of 2023. This decrease is mainly attributed to the ongoing effort to reduce the incentives for drivers and riders.
Employee benefits expenses
| For the six months ended June 30, | ||||||||||||||||||||
| 2024 | 2024 | 2023 | Increase/(Decrease) | |||||||||||||||||
| US$’000 | S$’000 | S$’000 | S$’000 | % | ||||||||||||||||
| Total employee benefits expenses | 813 | 1,102 | 963 | 139 | 14 | % | ||||||||||||||
Our employee benefits expenses increased by S$139,000 or 14% to S$1,102,000 in the first six months of 2024, compared to S$963,000 in the first six months of 2023. This was mainly due to the increase in the employee’s salaries and wages in the first six months of 2024.
Depreciation and amortization expenses
| For the six months ended June 30, | ||||||||||||||||||||
| 2024 | 2024 | 2023 | Increase/(Decrease) | |||||||||||||||||
| US$’000 | S$’000 | S$’000 | S$’000 | % | ||||||||||||||||
| Total depreciation and amortization expenses | 182 | 247 | 181 | 66 | 36 | % | ||||||||||||||
The depreciation and amortization expenses increased by S$66,000 or 36% to S$247,000 in the first six months of 2024, compared to S$181,000 in the first six months of 2023. This was mainly due to the increase in intangibles assets.
Finance expense
| For the six months ended June 30, | ||||||||||||||||||||
| 2024 | 2024 | 2023 | Increase/(Decrease) | |||||||||||||||||
| US$’000 | S$’000 | S$’000 | S$’000 | % | ||||||||||||||||
| Total finance expense | 55 | 75 | 52 | 23 | 44 | % | ||||||||||||||
Our finance expense increased by S$23,000 or 44% to S$75,000 in the first six months of 2024, compared to S$52,000 in the first six months of 2023. The increase of the finance expenses is primarily attributable by the unsecured note payable to third party and shareholder starting from April 2023.
Other expenses
| For the six months ended June 30, | ||||||||||||||||||||
| 2024 | 2024 | 2023 | Increase/(Decrease) | |||||||||||||||||
| US$’000 | S$’000 | S$’000 | S$’000 | % | ||||||||||||||||
| Total other expenses | 3,509 | 4,755 | 3,751 | 805 | 21 | % | ||||||||||||||
Our other expenses increased by S$805,000 or 21% to S$4,755,000 in the first six months of 2024, compared to S$3,751,000 in the first six months of 2023.This was mainly due to increase in legal and professional fees by S$1,165,000 or 101% to S$2,313,000 in the first six months of 2024, compared to S$1,148,000 in the first six months of 2023. The increase was partially offset by the decrease in marketing expenses by S$545,000 for the first six months of 2024.
Impairment of goodwill
| For the six months ended June 30, | ||||||||||||||||||||
| 2024 | 2024 | 2023 | Increase/(Decrease) | |||||||||||||||||
| US$’000 | S$’000 | S$’000 | S$’000 | % | ||||||||||||||||
| Total impairment of goodwill | - | - | (664 | ) | (664 | ) | -100 | % | ||||||||||||
In the first six months of 2023, an impairment of goodwill was recognized as a result of the carrying value exceeding the fair value of Meili Technologies Pte. Ltd.
Share-based compensation
| For six months ended June 30, | ||||||||||||||||||||
| 2024 | 2024 | 2023 | Increase/(Decrease) | |||||||||||||||||
| US$’000 | S$’000 | S$’000 | S$’000 | % | ||||||||||||||||
| Total share-based compensation | 7,237 | 9,807 | - | 9,807 | 100 | % | ||||||||||||||
In June 2024, the Company issued 1,500,00 Class A Ordinary Shares of the Company to certain consultants. The consulting services provided by the Consultants to the Company pursuant to the Consulting Agreements include: review and provide advice on the Company’s strategic plans; meet with focus groups and interested parties to discuss the Company’s strategic plans; provide advice on how best to position the Company and its subsidiaries in the future; propose potential acquisition targets for the Company and its subsidiaries; and assist in dealing with the corporate matters entrusted to the Consultants by the Company and its subsidiaries.
The fair value of the Class A Ordinary Shares issued to consultants was measured based on the closing market share price of US$4.84 per share.
During the six months ended June 30, 2024, the Company recognized share-based compensation of S$9,807,000 (US$7,237,000) in the consolidated statements of operations and comprehensive loss.
Liquidity and capital resources
Cash flow summary
| For six months ended June 30, | ||||||||||||||||||||
| 2024 | 2024 | 2023 | Increase/(Decrease) | |||||||||||||||||
| US$’000 | S$’000 | S$’000 | S$’000 | % | ||||||||||||||||
| Cash and cash equivalents – beginning of the period | 1,250 | 1,694 | 3,007 | (1,313 | ) | -44 | % | |||||||||||||
| Net cash used in operating activities | (7,025 | ) | (9,522 | ) | (2,521 | ) | 7,001 | 278 | % | |||||||||||
| Net cash used in investing activities | (194 | ) | (263 | ) | (189 | ) | 74 | 39 | % | |||||||||||
| Net cash provided by financing activities | 8,165 | 11,067 | 2,000 | 9,067 | 453 | % | ||||||||||||||
| Net change in cash and cash equivalents | 946 | 1,282 | (710 | ) | 1,992 | 281 | % | |||||||||||||
| Cash and cash equivalents – end of the period | 2,196 | 2,976 | 2,297 | 679 | 30 | % | ||||||||||||||
Operating Activities
Net cash used in operating activities was S$9,522,000 for the six months ended June 30, 2024. This was mainly attributable to the net loss of S$13,542,000 adjusted for non-cash items which included depreciation of property and equipment, amortization of intangibles, debt issuance cost, and share-based payment expenses totaling S$10,223,000. This was partially offset against net cash outflows arising from the net change in operating assets and liabilities of S$6,203,000.
Net cash used in operating activities was S$2,521,000 for the six months ended June 30, 2023. This was mainly attributable to the net loss of S$3,999,000 adjusted for non-cash items which included depreciation of property and equipment, amortization of intangibles, debt issuance cost, and impairment loss of goodwill totaling S$890,000. This was partially offset against net cash inflows arising from the net change in operating assets and liabilities of S$588,000.
Investing Activities
Net cash flows used in investing activities was S$263,000 for the six months ended June 30, 2024. This was primarily due to the increase in intangible assets of S$263,000.
Net cash flows used in investing activities was S$189,000 for the six months ended June 30, 2023. This was primarily due to the increase in intangible assets of S$229,000 and the purchase of property and equipment of S$23,000. This was partially offset against net cash inflow from the acquisition of subsidiaries of S$63,000.
Financing Activities
Net cash provided by financing activities was S$11,067,000 for the six months ended June 30, 2024. This was contributed by the IPO proceeds of S$15,889,000 and proceeds from the note from a shareholder amounting to S$950,000. This was partially offset by the repayment of note from a shareholder and convertible loans of S$3,800,000 and S$1,972,000 respectively.
Net cash provided by financing activities was S$2,000,000 for the six months ended June 30, 2023. This was contributed by proceeds from the note from a shareholder amounting to S$2,000,000.
Off-Balance Sheet Arrangements
We have not entered into any off-balance sheet arrangements and do not have any holdings in variable interest entities.
Quantitative and Qualitative Disclosures about Market Risks
Concentrations and credit risk
Our primary exposure to credit risk arises from our operating activities, which primarily from our accounts receivables. We are not exposed to significant default risk from a single customer. We conduct credit evaluations on our customers and typically do not require collateral or other forms of security. In determining the allowance for doubtful accounts, we periodically assess the creditworthiness of our existing customers, primarily considering factors such as the age of the receivables and the specific credit risks associated with each customer.
Interest rate risk
Our primary exposure to interest rate risk primarily stems from our interest-bearing financial liabilities. We conduct regular reviews of our liabilities and closely monitor fluctuations in interest rates to ensure that our exposure remains within acceptable levels. We do not employ interest rate derivatives as a means to mitigate our interest rate risk.
Recent Developments
On August 2, 2024, the Company incorporated a new subsidiary in Singapore, namely RGTC Pte Ltd.
On September 12, 2024, the Company issued 107,555 Class A Ordinary Shares to Maxim Partners LLC upon its cashless exercise of representative’s warrants that were issued to Maxim in connection with the Company’s IPO.
On September 26, 2024, Ryde Group Ltd entered into a placement agency agreement with Maxim Group LLC as the exclusive placement agent for an offering of 5,300,000 units, each consisting of one Class A Ordinary Share and one warrant to purchase a Class A Ordinary Share at $0.85 per unit. The Company also entered into a securities purchase agreement with purchasers and a warrant agency agreement with VStock Transfer LLC. The offering was registered with the SEC on Form F-1 (Registration No. 333-282076), declared effective on September 25, 2024, and closed on September 27, 2024. The Company paid Maxim Group LLC a 7.0% cash fee of gross proceeds and agreed to restrictions on future share issuance for six months post-closing. The warrants, exercisable immediately, have a five-year expiry and ownership limitations. In this offering, the Company received gross proceeds in the amount of US$4.5 million before deducting any underwriting discount or expenses.
Non-US GAAP Financial Measures
This document include references to non-US GAAP financial measures. Ryde uses these non-US GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons, and Ryde’s management believes that these non-IFRS financial measures provide meaningful supplemental information regarding its performance by excluding certain items that may not be indicative of its recurring core business operating results. However, there are a number of limitations related to the use of non-US GAAP financial measures, and as such, the presentation of these non-US GAAP financial measures should not be considered in isolation from, or as an alternative to, financial measures determined in accordance with US GAAP. In addition, these non-US GAAP financial measures may differ from non-US GAAP financial measures with comparable names used by other companies. See below for additional explanations about the non-US GAAP financial measures, including their definitions and a reconciliation of these measures to the most directly comparable US GAAP financial measures.
Explanation of non-IFRS financial measures:
Adjusted EBITDA is a non-US GAAP financial measure calculated as net loss adjusted to exclude: (a) finance cost, (b) income tax expenses, (c) depreciation and amortization, (d) share-based compensation, (e) impairment loss on goodwill, and (f) share listing and associated expenses.
Adjusted EBITDA has limitations as a financial measure, should be considered as supplemental in nature, and is not meant as a substitute for the related financial information prepared in accordance with US GAAP. For a reconciliation of Adjusted EBITDA to the most directly comparable US GAAP measure see the section titled “Reconciliation of Non-IFRS Financial Measures”.
Reconciliation of Non-IFRS Financial Measures
To supplement our financial information, we use the following non-US GAAP financial measures: Adjusted EBITDA. However, the definitions of our non-US GAAP financial measures may be different from those used by other companies, and therefore, may not be comparable. Furthermore, these non-US GAAP financial measures have certain limitations in that they do not include the impact of certain expenses that are reflected in our consolidated financial statements that are necessary to run our business. Thus, these non-US GAAP financial measures should be considered in addition to, not as substitutes for, or in isolation from, measures prepared in accordance with US GAAP. We compensate for these limitations by providing a reconciliation of these non-US GAAP financial measures to the related US GAAP financial measures. We encourage investors and others to review our financial information in its entirety, not to rely on any single financial measure and to view these non-IFRS financial measures in conjunction with their respective related US GAAP financial measures.
The following tables provide reconciliations of Adjusted EBITDA.
| For the six months ended June 30, | |||||||||||
| 2023 | 2024 | 2024 | |||||||||
| S$’000 | S$’000 | US$’000 | |||||||||
| Net loss | (3,999 | ) | (13,542 | ) | (9,992 | ) | |||||
| Depreciation and amortization expenses | 181 | 247 | 182 | ||||||||
| Finance costs | 52 | 75 | 55 | ||||||||
| Impairment of goodwill | 664 | - | - | ||||||||
| Share listing and associated expenses | 1,063 | 1,809 | 1,335 | ||||||||
| Share-based compensation | - | 9,807 | 7,237 | ||||||||
| Adjusted EBITDA | (2,039 | ) | (1,604 | ) | (1,183 | ) | |||||
Exhibit 99.3
Ryde Reports First Half 2024 Results, Positions for Accelerate Growth
SINGAPORE, October 23, 2024 – Ryde Group Ltd (NYSE American: RYDE) (“Ryde” or the “Company”), a leading technology platform for mobility and quick commerce headquartered in Singapore, today announced the financial results for the six months ended June 30, 2024 (“1H 2024”).
Key Financial Highlights for First Half 2024:
| ● | Revenue: The Company reported revenue of S$4.4 million (US$3.2 million), down from S$5.2 million (US$3.9 million) in 1H 2023. While the transition to the 0% commission model in January 2024 resulted in a temporary decline in revenue, we are confident that this strategic decision will drive significant long-term growth by attracting more drivers. This revenue structure was introduced to boost driver-partners satisfaction and attract more driver-partners to the platform, positioning the Company for long-term sustainable growth despite the temporary impact on revenue 1H2024. |
| ● | Adjusted EBITDA: The Company saw its adjusted EBITDA improve by 20%, the adjusted EBITDA deficit narrowed to S$1.6 million (US$1.2 million) in 1H2024. This improvement reflects Ryde’s ongoing efforts to optimise operational efficiency, achieved through a strategic reduction in driver-partner incentives and rider-related costs. These measures have contributed to a leaner cost structure, setting the company on a path towards profitability while continuing to create value for both driver-partners and riders. |
First Half 2024 Milestones:
Ryde achieved several significant milestones in the first half of 2024, including:
| ● | NYSE American listing: In March 2024, becoming the first Singapore-based ride-hailing start-up to list on the NYSE American. |
| ● | AI-powered app redesign: In May 2024, we made significant improvements to enhance user interface by focusing on current design trends, language, and the use of AI with a more intuitive navigation experience for the riders. |
| ● | Dual listing on the Frankfurt (FSE) and Stuttgart (XSTU) Stock Exchanges under the symbol D0S: In June 2024, we successfully completed our secondary listing on the FSE and XSTU Stock Exchanges, strategically expanding our investor base and making our unique value proposition more accessible to the European markets. |
| ● | Healthcare Partnership: In June 2024, we partnered with a leading Singapore telehealth provider to offer affordable healthcare services to driver-partners and their families, demonstrating Ryde’s commitment to driver well-being. |
“The first half of 2024 was a period of strategic investment and transformation for Ryde,” said Terence Zou, Ryde’s Founder and Chief Executive Officer. “We have established a solid operational base by improving our adjusted EBITDA by 20% in 1H2024. Our 0% commission model and continued focus on building a fairer platform for all will create a sustainable competitive advantage and position us for accelerated growth.”
“Our fundamentals are strong and we are confident in our ability to continue growing and delivering value to our shareholders,” Mr. Zou concluded.
About Ryde Group Ltd
Ryde is a super mobility app founded in Singapore and recognised as the world’s FIRST on-demand carpooling app since 2014. As a publicly listed company on the NYSE, Ryde is reimagining the way people and goods move around by offering a full suite of services, including carpooling, private hire, taxi, and delivery. What distinguishes Ryde is its commitment to empowering private-hire and taxi partners by taking 0% commission, ensuring that drivers retain more of their hard-earned earnings. For more information, please visit https://rydesharing.com/.
Safe Harbor Statement
This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.
Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.
Contacts
For
Media Relations:
Media Team
Ryde Group Ltd
Email: media@rydesharing.com
For
Investor Relations:
Investor Relations Team
Ryde Group Ltd
Email: investor@rydesharing.com
Skyline
Corporate Communications Group, LLC
Email: info@skylineccg.com
Non-US GAAP Financial Measures
This document include references to non-US GAAP financial measures. Ryde uses these non-US GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons, and Ryde’s management believes that these non-IFRS financial measures provide meaningful supplemental information regarding its performance by excluding certain items that may not be indicative of its recurring core business operating results. However, there are a number of limitations related to the use of non-US GAAP financial measures, and as such, the presentation of these non-US GAAP financial measures should not be considered in isolation from, or as an alternative to, financial measures determined in accordance with US GAAP. In addition, these non-US GAAP financial measures may differ from non-US GAAP financial measures with comparable names used by other companies. See below for additional explanations about the non-US GAAP financial measures, including their definitions and a reconciliation of these measures to the most directly comparable US GAAP financial measures.
Explanation of non-IFRS financial measures:
Adjusted EBITDA is a non-US GAAP financial measure calculated as net loss adjusted to exclude: (a) finance cost, (b) income tax expenses, (c) depreciation and amortization, (d) share-based compensation, (e) impairment loss on goodwill, and (f) share listing and associated expenses.
Adjusted EBITDA has limitations as a financial measure, should be considered as supplemental in nature, and is not meant as a substitute for the related financial information prepared in accordance with US GAAP. For a reconciliation of Adjusted EBITDA to the most directly comparable US GAAP measure see the section titled “Reconciliation of Non-IFRS Financial Measures”.
Reconciliation of Non-IFRS Financial Measures
爲了補充我們的基本報表信息，我們使用以下非美國通用會計準則的財務指標：調整後的EBITDA。然而，我們的非美國通用會計準則的財務指標的定義可能與其他公司使用的不同，因此可能不具有可比性。此外，這些非美國通用會計準則的財務指標存在某些侷限性，因爲它們不包括在我們的合併財務報表中反映的對運行業務必要的某些費用的影響。因此，這些非美國通用會計準則的財務指標應當被視爲對美國通用會計準則所制定的指標的補充，而不是替代物或單獨考慮。我們通過提供這些非美國通用會計準則的財務指標與相關美國通用會計準則的財務指標之間的調對來補償這些侷限性。我們鼓勵投資者和其他人將我們的財務信息作爲一個整體來審閱，不要依賴任何單一的財務指標，並且將這些非美國國際財務報告標準的財務指標與它們各自相關的美國通用會計準則的財務指標一起查看。
以下表格提供了調整後的EBITDA對賬。
| 2021年6月30日止六個月 | ||||||||||||
| 2023 | 2024 | 2024 | ||||||||||
| 新加坡貨幣'000 | 新加坡貨幣'000 | 千美元 | ||||||||||
| 淨虧損 | (3,999 | ) | (13,542 | ) | (9,992 | ) | ||||||
| 折舊和攤銷費用 | 181 | 247 | 182 | |||||||||
| 財務成本 | 52 | 75 | 55 | |||||||||
| 商譽減值 | 664 | - | - | |||||||||
| 分擔上市及相關費用 | 1,063 | 1,809 | 1,335 | |||||||||
| 股權酬金 | - | 9,807 | 7,237 | |||||||||
| 調整後的EBITDA | (2,039 | ) | (1,604 | ) | (1,183 | ) | ||||||
未經審計 財務業績摘要
簡明綜述合併操作及全面損失表
| 截至6月30日的六個月： | ||||||||||||
| 2023 | 2024 | 2024 | ||||||||||
| 新加坡貨幣'000 | 新加坡貨幣'000 | 千美元 | ||||||||||
| 營業收入 | 5,232 | 4,376 | 3,229 | |||||||||
| 司機和乘客成本及相關費用 | (3,669 | ) | (1,975 | ) | (1,457 | ) | ||||||
| 總費用，淨額 | (4,898 | ) | (6,136 | ) | (4,527 | ) | ||||||
| 經營虧損 | (3,335 | ) | (3,735 | ) | (2,755 | ) | ||||||
| 商譽減值 | (664 | ) | - | - | ||||||||
| 股權酬金 | - | (9,807 | ) | (7,237 | ) | |||||||
| 稅前虧損 | (3,999 | ) | (13,542 | ) | (9,992 | ) | ||||||
| 所得稅費用 | - | - | - | |||||||||
| 淨虧損 | (3,999 | ) | (13,542 | ) | (9,992 | ) | ||||||
| 其他綜合損失 | ||||||||||||
| 外幣翻譯調整 | - | 37 | 27 | |||||||||
| 其他全面損失總額 | (3,999 | ) | (13,505 | ) | (9,965 | ) | ||||||
| 扣除歸屬於非控制權益的綜合損失 | (30 | ) | (12 | ) | (9 | ) | ||||||
| Ryde集團有限公司歸屬於綜合虧損 | (3,969 | ) | (13,493 | ) | (9,956 | ) | ||||||
| 歸屬於普通股股東的每股淨虧損 | ||||||||||||
| 基本和稀釋 | (0.34 | ) | (0.81 | ) | (0.60 | ) | ||||||
| 計算每股淨虧損時所採用的加權平均普通股數 | ||||||||||||
| 基本和稀釋（'000） | 11,702 | 16,577 | 16,577 | |||||||||
壓縮 合併資產負債表
| 2023 年 12 月 31 日 | 六月 2024 年 30 日 | 六月 2024 年 30 日 | ||||||||||
| S$'000 | S$'000 | '000 美元 | ||||||||||
| 資產 | ||||||||||||
| 流動資產 | 4,463 | 7,284 | 5,375 | |||||||||
| 非流動資產 | 734 | 750 | 554 | |||||||||
| 總資產 | 5,197 | 8,034 | 5,929 | |||||||||
| 負債和股東權益 | ||||||||||||
| 負債 | ||||||||||||
| 流動負債 | 12,587 | 4,882 | 3,602 | |||||||||
| 非流動負債 | 32 | 32 | 24 | |||||||||
| 非流動負債 | 12,619 | 4,914 | 3,626 | |||||||||
| 股東權益 | (7,422 | ) | 3,120 | 2,303 | ||||||||
| 負債和股東權益總額 | 5,197 | 8,034 | 5,929 | |||||||||