Smart Share Global Limited received a proposal from Hillhouse Investment Management to acquire outstanding shares for $1.77 per ADS. The Company had previously entered a Merger Agreement with Trustar Mobile Charging Holdings Limited. The special committee of independent directors will continue to evaluate options. Shareholders are cautioned no decisions have been made, and no assurances can be given about the proposed transaction. Energy Monster is China’s largest mobile device charging service provider. As of December 31, 2024, the Company had 9.6 million power banks in 1,279,900 POIs across China. Forward-looking statements in the press release are made under the U.S. Private Securities Litigation Reform Act of 1995.

Read more at GlobeNewswire: Smart Share Global Limited Announces Receipt of a