SHANGHAI, Jan.06, 2025 (GLOBE NEWSWIRE) -- Smart Share Global Limited (Nasdaq: EM) ("Energy Monster” or the "Company”), a consumer tech company providing mobile device charging service, today announced that its board of directors (the "Board”) has received a preliminary non-binding proposal letter (the "Proposal Letter”), dated January 5, 2025, from Trustar Mobile Charging Holdings Limited (together with its affiliates, "Trustar Capital”), Mr.
Maria Yi Xin, Director and Chief Financial Officer of the Company (the "Buyer Group”), to acquire all of the outstanding ordinary shares of the Company (the "Ordinary Shares”), including the Class A ordinary shares represented by the American Depositary Shares of the Company (the "ADSs”, each representing two Class A ordinary shares), that are not already beneficially owned by the Buyer Group for a proposed purchase price of US$0.625 per Ordinary Share or US$1.25 per ADS in cash (the "Proposal”).
Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Energy Monster’s strategies; its future business development, financial condition and results of operations; the impact of technological advancements on the pricing of and demand for its services; competition in the mobile device charging service industry; Chinese governmental policies and regulations affecting the mobile device charging service industry; changes in its revenues, costs or expenditures; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing.
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