Smart Share Global Limited Announces Completion of Going Private Transaction

Smart Share Global Limited, also known as Energy Monster, has completed its merger with Mobile Charging Merger Limited, a subsidiary of Mobile Charging Group Holdings Limited. This transaction results in Smart Share Global Limited becoming a wholly-owned subsidiary of Mobile Charging Investment Limited and ceasing to be a publicly traded company. The merger was approved by shareholders on December 31, 2025. All outstanding American Depository Shares (ADSs) and ordinary shares were cancelled and exchanged for cash payments of $1.25 per ADS and $0.625 per share, respectively, with applicable fees deducted. Share-based incentives for officers, directors, and employees have also been cancelled and cashed out or replaced. The company has requested the suspension of its ADSs trading on the Nasdaq Capital Market effective April 30, 2026, and intends to file Form 25 with the SEC for delisting and deregistration. Following this, a Form 15 filing will be made to suspend reporting obligations under the Securities Exchange Act of 1934. Kroll, LLC, Skadden, Arps, Slate, Meagher & Flom LLP, Maples and Calder (Hong Kong) LLP, and Commerce & Finance Law Offices advised the Special Committee and the Company. Davis Polk & Wardwell, Weil, Gotshal & Manges, Harney Westwood & Riegels, and Haiwen & Partners advised the Consortium.