SHANGHAI, Aug. 15, 2025 — Smart Share Global Limited (Nasdaq: EM) (“Energy Monster” or the “Company”), a mobile device charging service provider, announced today that its board of directors has received a preliminary, non-binding acquisition proposal from Hillhouse Investment Management, Ltd. (collectively, “Hillhouse”). The proposal, dated August 13, 2025, outlines Hillhouse’s intent to acquire all outstanding ordinary shares of the Company not already owned by Hillhouse or its Management Members (defined below) for US$1.77 per ADS, or US$0.885 per share, in cash. This is contingent upon the Management Members agreeing to a similar rollover arrangement within the Merger Agreement (defined below).

The Company previously announced on August 1, 2025, a definitive Merger Agreement for acquisition by Trustar Mobile Charging Holdings Limited (collectively, “Trustar Capital”), Mr. Mars Guangyuan Cai (“Mr. Cai”), Chairman and CEO, Mr. Peifeng Xu (“Mr. Xu”), Director and President, Mr. Victor Yaoyu Zhang (“Mr. Zhang”), Chief Marketing Officer, and Ms. Maria Yi Xin, Director and CFO (“Ms. Xin”, and collectively with Mr. Cai, Mr. Xu and Mr. Zhang, the “Management Members”, and together with Trustar Capital, the “Consortium”). Further details regarding the Merger Agreement can be found in the Company’s Form 6-K filing with the SEC on August 1, 2025.

The special committee of independent directors, formed after receiving a preliminary non-binding proposal letter from the Consortium on January 5, 2025, will continue evaluating all options to maximize shareholder value with the assistance of independent financial and legal advisors.

The Board advises shareholders and potential investors to exercise caution, as no decisions have been made regarding Hillhouse’s proposal. There is no guarantee that a definitive agreement will be reached, or that the proposed transaction, or any similar transaction, will be approved or completed. The Company is not obligated to provide updates on any transaction unless required by law.

ABOUT SMART SHARE GLOBAL LIMITED
Smart Share Global Limited (Nasdaq: EM), known as Energy Monster, is a consumer tech company focused on providing accessible power solutions. It is the leading mobile device charging service provider in China, holding the largest market share. The Company offers mobile device charging through power banks located in various Points of Interest (POIs) such as entertainment venues, restaurants, shopping centers, hotels, transportation hubs, and public spaces. Users can access the service by scanning QR codes on Energy Monster cabinets to release the power banks. As of December 31, 2024, the Company had 9.6 million power banks across 1,279,900 POIs in over 2,200 counties and county-level districts in China.

CONTACT US
Investor Relations
Hansen Shi
ir@enmonster.com

SAFE HARBOR STATEMENT
This release includes forward-looking statements made under the U.S. Private Securities Litigation Reform Act of 1995’s safe harbor provisions. These statements can often be identified by terms like “may,” “will,” “expect,” and similar expressions. These statements relate to, among other things, the company’s business outlook, management quotations, and strategic and operational plans. The Company may also issue forward-looking statements in SEC filings, annual reports, press releases, and other materials, as well as in oral statements to third parties. Statements that do not relate to historical facts, including beliefs and expectations, are forward-looking. These statements involve risks and uncertainties that could cause actual results to differ materially. Factors include Energy Monster’s strategies, future business development, financial condition, results of operations, the impact of technology, competition, Chinese regulations, changes in revenues, economic conditions in China and globally. Further information is available in the Company’s filings with the SEC. The information in this release is current as of its date, and the Company does not commit to updating it unless legally required.

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