SHANGHAI, Dec. 31, 2025 — Smart Share Global Limited (Nasdaq: EM) (“Energy Monster” or the “Company”), a consumer tech firm that offers mobile device charging services, announced today that at an extraordinary general meeting of shareholders (the “EGM”) held today, the Company’s shareholders voted in support of the proposal to authorize and approve the previously announced Agreement and Plan of Merger (the “Merger Agreement”), dated August 1, 2025, among the Company, Mobile Charging Group Holdings Limited (“Parent”), Mobile Charging Investment Limited (“MidCo”), a wholly – owned subsidiary of Parent, and Mobile Charging Merger Limited (“Merger Sub”), a wholly – owned subsidiary of MidCo. According to this agreement, at the effective time of the merger, Merger Sub will merge with and into the Company. The Company will continue as the surviving entity and become a wholly – owned subsidiary of MidCo. Also, the plan of merger that needs to be filed with the Registrar of Companies of the Cayman Islands (the “Plan of Merger”) and the transactions contemplated by it, including the merger, were supported.
Around 79.0% of the Company’s total outstanding ordinary shares, including the ordinary shares represented by the Company’s American depositary shares (the “ADSs”), as of 5:00 p.m. New York City time on December 12, 2025, voted either in person or by proxy at the EGM. Each shareholder has one vote for each class A ordinary share and ten votes for each class B ordinary share. These shares accounted for approximately 90.9% of the total outstanding votes represented by the Company’s total ordinary shares outstanding on the record date. Approximately 92.8% of the total votes cast at the EGM approved the Merger Agreement, the Plan of Merger, and the transactions contemplated by them, including the merger.
The completion of the merger depends on the fulfillment or waiver of the conditions stated in the Merger Agreement. The Company will collaborate with the other parties to the Merger Agreement to complete the merger in due course. If the merger is consummated, the Company will become a privately held firm, and its ADSs will no longer be listed or traded on any securities exchange or quotation system, including the Nasdaq Capital Market. Also, the Company’s ADS program will be terminated.
About Smart Share Global Limited
Smart Share Global Limited (Nasdaq: EM), or Energy Monster, is a consumer tech company aiming to energize daily life. It is a leading provider of mobile device charging services in China, with an extensive network of partners powered by its own advanced service platform. The Company offers mobile device charging services through its shared power banks, which are placed in points of interest (POIs) such as entertainment venues, restaurants, shopping centers, hotels, transportation hubs, and public spaces. Users can access the service by scanning the QR codes on Energy Monster’s cabinets to retrieve the power banks. As of December 31, 2024, the Company had 9.6 million power banks in 1,279,900 POIs across more than 2,200 counties and county – level districts in China.
Safe Harbor Statement
This press release includes forward – looking statements made under the “safe harbor” provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward – looking statements can be recognized by terms like “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” and similar expressions. Smart Share may also make written or oral forward – looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors, or employees to third parties. Statements that are not historical facts, including those about Smart Share’s beliefs and expectations, are forward – looking statements. Forward – looking statements involve inherent risks and uncertainties. Several factors could cause actual results to differ significantly from those in any forward – looking statement, including but not limited to the following: the possibility of competing offers; the possibility of lack of financing; the possibility that various closing conditions for the transaction may not be met or waived; the laws and regulations related to Smart Share’s industry; the general economic and business conditions; and assumptions underlying or related to any of the above. Further information about these and other risks is included in Smart Share’s filings with the SEC. All information provided in this announcement and in the attachments is as of the date of this press release, and Smart Share has no obligation to update any forward – looking statement, except as required by applicable law.
Contact Us
Investor Relations
Hansen Shi
ir@enmonster.com
