Commercial Real Estate Sector - The commercial real estate sector is facing significant challenges due to elevated refinancing costs resulting from Federal Reserve rate hikes, leading to potential defaults as property values and rental incomes decline [1][2] - Regional banks, which account for 67% of all commercial real estate lending, are particularly vulnerable to the fallout from defaults in this $20 trillion sector [1] Recent Bank Performance - New York Community Bancorp's decision to cut its dividend and increase reserves resulted in a 38% drop in its stock price, reaching a 23-year low, while Aozora Bank also experienced a significant decline of over 20% due to warnings about U.S. commercial property losses [2] Interest Rate Outlook - The commercial real estate sector urgently requires substantial interest rate cuts, but the current economic conditions suggest that the Federal Reserve is unlikely to make significant cuts in the near future [3][4] - Wall Street had previously anticipated rate cuts by March, but recent statements from Federal Reserve Chairman Jerome Powell indicate that such cuts are not forthcoming [3][4] Institutional Investor Behavior - Institutional investors have recently engaged in significant selling, marking the largest outflow from single stocks since 2015, with a focus on technology and discretionary stocks [5] - There is a notable shift in capital flows towards emerging market stocks, with a recorded inflow of $6.8 billion into these markets, particularly driven by China [6][7] Emerging Markets Valuation - Emerging markets are presenting more attractive valuations compared to U.S. stocks, with CAPE ratios significantly lower than that of the U.S., which stands at 31 [7] - The potential for a weakening dollar as the Fed cuts rates could further benefit emerging market stocks, making them an appealing investment option [7] Global Trade and Shipping Concerns - Ongoing conflicts in the Red Sea, particularly attacks by Houthi militants, are causing disruptions in trade routes and increasing shipping costs, which could have broader implications for consumer prices in the U.S. [10][11] - The National Retail Federation has reported a doubling of container prices, indicating a significant cost increase for affected cargo [11] Local Economic Impact - New York's congestion pricing plan is set to impose additional financial burdens on families, with daily driving taxes potentially reaching nearly $4,000 annually, reflecting the broader impact of inflation on everyday life [13][14]

Core Points - Smart Share Global Limited, also known as Energy Monster, has received approval from Nasdaq to transfer its listing from the Nasdaq Global Select Market to the Nasdaq Capital Market, effective December 22, 2023 [1] - The transfer follows a notification from Nasdaq regarding non-compliance with the minimum bid price requirement, as the closing bid price of the American depositary shares (ADSs) had been below US$1.00 for 30 consecutive business days [2] - Nasdaq has granted the company an additional 180-day period until June 17, 2024, to regain compliance with the minimum bid price requirement [3] Company Overview - Smart Share Global Limited is the largest provider of mobile device charging services in China, holding the number one market share [5] - The company operates a network of power banks available at various points of interest (POIs) such as entertainment venues, restaurants, and public spaces, with 8.7 million power banks deployed across 1,189,000 POIs in over 2,000 counties as of September 30, 2023 [5]

Smart Share Global Limited (NASDAQ:EM) Q3 2023 Earnings Conference Call November 27, 2023 8:00 AM ET Company Participants Hansen Shi - Director of Investor Relations Mars Cai - Chairman and Chief Executive Officer Maria Xin - Chief Financial Officer Conference Call Participants Victor Tang - Goldman Sachs Vicky Wei - Citi Charlie Chen - China Renaissance Operator Hello, and thank you for standing by for Energy Monster's 2023 Third Quarter Earnings Conference Call. At this time, all participants are in liste ...

Financial Performance - Net income for Q3 2023 was RMB50.0 million, a significant improvement from a net loss of RMB95.8 million in Q3 2022[2] - Adjusted net income for Q3 2023 was RMB55.2 million, compared to an adjusted net loss of RMB88.6 million in the same period last year[2] - Total revenues for Q3 2023 were RMB613.5 million, representing a 24.7% decrease from Q3 2022[9] - Mobile device charging revenues decreased by 30.3% to RMB564.2 million in Q3 2023, primarily due to changes in the contractual arrangement with network partners[9] - The company reported a net income of RMB 50,009 for the three months ended September 30, 2023, compared to a net loss of RMB 95,754 for the same period in 2022[26] - The adjusted net income (non-GAAP) for the nine months ended September 2023 was RMB 102,364, a substantial improvement from a loss of RMB 355,824 in the same period of 2022[28] User Growth - As of September 30, 2023, cumulative registered users reached 379.0 million, with 16.4 million new users registered during the quarter[2] Revenue and Expenses - Mobile device charging orders increased by 9.1% year-over-year to 176.5 million in Q3 2023[3] - Sales and marketing expenses decreased by 60.4% to RMB298.2 million in Q3 2023, mainly due to reduced incentive fees paid to network partners[12] - Research and development expenses for the nine months ended September 30, 2023, were RMB 63,894, a decrease of 15.0% from RMB 75,090 in the same period of 2022[26] - Share-based compensation decreased to RMB 5,205 for the three months ended September 2023, down from RMB 7,116 in the same period of 2022[28] Assets and Liabilities - Total current assets increased to RMB 3,991,784 as of September 30, 2023, compared to RMB 3,300,784 as of December 31, 2022, representing a growth of 20.9%[23] - Total liabilities decreased slightly to RMB 1,642,733 as of September 30, 2023, from RMB 1,646,336 as of December 31, 2022[23] - The company’s cash and cash equivalents decreased to RMB 828,499 as of September 30, 2023, down from RMB 948,773 as of December 31, 2022[23] - The company’s total shareholders' equity increased to RMB 2,768,517 as of September 30, 2023, from RMB 2,641,305 as of December 31, 2022, reflecting a growth of 4.8%[23] Accounting Changes - The company adopted ASU 2016-13 on January 1, 2023, which resulted in a cumulative-effect adjustment of RMB 640 to the opening accumulated deficit[24] Share Information - The weighted average number of ordinary shares used in computing net income per share for the three months ended September 30, 2023, was 520,075,932[26]

Smart Share Global Limited (NASDAQ:EM) Q2 2023 Earnings Conference Call August 21, 2023 8:00 AM ET Company Participants Hansen Shi - Director of Investor Relations Mars Cai - Chairman and Chief Executive Officer Maria Xin - Chief Financial Officer Conference Call Participants Vicky Wei - Citi Charlie Chen - China Renaissance Weiting Tang - Goldman Sachs Operator Hello, and thank you for standing by for Energy Monster's 2023 Second Quarter Earnings Conference Call. At this time, all participants are in liste ...

Exhibit 99.1 Smart Share Global Limited Announces Second Quarter 2023 Results Net income reached RMB24.5 million for the second quarter of 2023 POIs operated under network partner model reached 62.0% as of the end of the second quarter of 2023 Number of POIs reached 1.1 million as of the end of the second quarter of 2023 SHANGHAI, China, August 21, 2023 (GLOBE NEWSWIRE) -- Smart Share Global Limited (Nasdaq: EM) ("Energy Monster" or the "Company"), a consumer tech company providing mobile device charging se ...

Smart Share Global Limited (NASDAQ:EM) Q1 2023 Earnings Conference Call June 20, 2023 8:00 AM ET Company Participants Hansen Shi - Director, Investor Relations Mars Cai - Chairman and Chief Executive Officer Maria Xin - Chief Financial Officer Conference Call Participants Vicky Wei - Citi Violet Yi - China Renaissance Operator Hello and thank you for standing by for Energy Monster’s 2023 First Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. Today's conference is b ...

[Introduction to Form 6-K Submission](index=1&type=section&id=Introduction%20to%20Form%206-K%20Submission) This section details the purpose of the Form 6-K submission and the company's identification as a Commission-Identified Issuer under the HFCAA [Purpose of Submission](index=2&type=section&id=Purpose%20of%20Submission) This Form 6-K serves as a supplemental submission by Smart Share Global Limited, fulfilling the requirements of Item 16I(a) of Form 20-F concerning the Holding Foreign Companies Accountable Act (HFCAA) - The Company is submitting information required under Item 16I(a) of Form 20-F in relation to the Holding Foreign Companies Accountable Act (HFCAA)[2](index=2&type=chunk) [HFCAA Background and Identification](index=2&type=section&id=HFCAA%20Background%20and%20Identification) Smart Share Global Limited was conclusively identified as a Commission-Identified Issuer under the HFCAA on May 26, 2022, due to its 2021 annual report being audited by a firm in mainland China - Smart Share Global Limited was identified as a Commission-Identified Issuer by the SEC on May 26, 2022, under the HFCAA[3](index=3&type=chunk) - The identification was based on the audit report for the year ended December 31, 2021, issued by PricewaterhouseCoopers Zhong Tian LLP, a firm headquartered in mainland China[3](index=3&type=chunk) - The PCAOB had previously been unable to inspect or investigate completely registered public accounting firms headquartered in mainland China until December 2022[3](index=3&type=chunk) [Assessment of Governmental Control](index=2&type=section&id=Assessment%20of%20Governmental%20Control) This section presents the company's assessment of governmental control, detailing major shareholders and concluding on the absence of mainland China governmental influence [Company's Stance on Control](index=2&type=section&id=Company%27s%20Stance%20on%20Control) Based on its internal examination and public filings, Smart Share Global Limited asserts its belief that it is not owned or controlled by a governmental entity in mainland China - The Company believes it is not owned or controlled by a governmental entity in mainland China[4](index=4&type=chunk) [Major Shareholder Breakdown](index=2&type=section&id=Major%20Shareholder%20Breakdown) This section details the major shareholders holding over 5% of outstanding shares as of March 31, 2023, none identified as governmental entities Major Shareholders (>5% Outstanding Shares) as of March 31, 2023 | Shareholder | % Outstanding Shares | % Total Voting Power | Controlling Entity/Individual | | :-------------------------------- | :------------------- | :------------------- | :-------------------------------- | | Smart Share Holdings Limited | 8.4% | 33.5% | Mr. Mars Guangyuan Cai | | Super June Limited | 5.9% | 23.4% | Mr. Peifeng Xu | | Taobao China Holding Limited | 14.7% | 6.4% | Alibaba Group Holding Limited | | Hillhouse entities | 12.1% | 5.3% | HIM & HHLR Advisors, Ltd. (common control) | | Xiaomi entities | 9.0% | 4.0% | Xiaomi Corporation | | Shunwei entities | 8.1% | 3.5% | Mr. Tuck Lye Koh (via Silver Unicorn Ventures Limited) | | China Ventures Fund I Pte. Ltd. | 6.9% | 3.0% | Softbank Group Corp. | | Beautyworks Investment Limited | 6.6% | 2.9% | Advantech Capital L.P. | | Sky9 Capital entities | 5.2% | 2.3% | Mr. Ronald Cao (via Sky9 Capital Fund III GP Ltd. & Sky9 Capital MVP Fund GP Ltd.) | [Smart Share Holdings Limited](index=2&type=section&id=Smart%20Share%20Holdings%20Limited) This section outlines the ownership and voting power of Smart Share Holdings Limited, controlled by Mr. Mars Guangyuan Cai - Smart Share Holdings Limited holds **8.4%** of outstanding shares and **33.5%** of voting power, wholly owned by Mr. Mars Guangyuan Cai[4](index=4&type=chunk) [Super June Limited](index=2&type=section&id=Super%20June%20Limited) This section details the ownership and voting power of Super June Limited, controlled by Mr. Peifeng Xu - Super June Limited holds **5.9%** of outstanding shares and **23.4%** of voting power, wholly owned by Mr. Peifeng Xu[5](index=5&type=chunk) [Taobao China Holding Limited](index=2&type=section&id=Taobao%20China%20Holding%20Limited) This section presents the ownership and voting power of Taobao China Holding Limited, a subsidiary of Alibaba Group Holding Limited - Taobao China Holding Limited holds **14.7%** of outstanding shares and **6.4%** of voting power, wholly owned by Alibaba Group Holding Limited (NYSE: BABA, HKEx: 9988)[5](index=5&type=chunk) [Hillhouse Entities](index=2&type=section&id=Hillhouse%20Entities) This section outlines the collective ownership and voting power of Hillhouse entities through managed funds - Hillhouse Investment Management, Ltd. (HIM) and HHLR Advisors, Ltd. (HHLR) collectively hold **12.1%** of outstanding shares and **5.3%** of voting power through managed funds, operating under common control[6](index=6&type=chunk) [Xiaomi Entities](index=3&type=section&id=Xiaomi%20Entities) This section details the collective ownership and voting power of Xiaomi entities, controlled by Xiaomi Corporation - People Better Limited, Green Better Limited, and ZMI (HONGKONG) INTERNATIONAL COMPANY LIMITED collectively hold **9.0%** of outstanding shares and **4.0%** of voting power, controlled by Xiaomi Corporation (HKEx: 1810)[7](index=7&type=chunk) [Shunwei Entities](index=3&type=section&id=Shunwei%20Entities) This section outlines the collective ownership and voting power of Shunwei entities, controlled by Mr. Tuck Lye Koh - Shunwei Angels III Limited and Astrend Opportunity III Alpha Limited collectively hold **8.1%** of outstanding shares and **3.5%** of voting power, controlled by Mr. Tuck Lye Koh[8](index=8&type=chunk) [China Ventures Fund I Pte. Ltd.](index=3&type=section&id=China%20Ventures%20Fund%20I%20Pte.%20Ltd.) This section details the ownership and voting power of China Ventures Fund I Pte. Ltd., a Softbank Group Corp. entity - China Ventures Fund I Pte. Ltd. holds **6.9%** of outstanding shares and **3.0%** of voting power, wholly owned by Softbank Group Corp., with Mr. Masayoshi Son as its largest shareholder[9](index=9&type=chunk) [Beautyworks Investment Limited](index=3&type=section&id=Beautyworks%20Investment%20Limited) This section outlines the ownership and voting power of Beautyworks Investment Limited, ultimately controlled by Advantech Capital L.P. - Beautyworks Investment Limited holds **6.6%** of outstanding shares and **2.9%** of voting power, wholly owned by Advantech Master Investment Limited, which is wholly owned by Advantech Capital L.P.[9](index=9&type=chunk) [Sky9 Capital Entities](index=3&type=section&id=Sky9%20Capital%20Entities) This section details the collective ownership and voting power of Sky9 Capital entities, controlled by Mr. Ronald Cao - Sky9 Capital Fund III, L.P. and Sky9 Capital MVP Fund, L.P. collectively hold **5.2%** of outstanding shares and **2.3%** of voting power, controlled by Mr. Ronald Cao through their respective general partners[10](index=10&type=chunk) [Conclusion on Governmental Influence](index=3&type=section&id=Conclusion%20on%20Governmental%20Influence) The Company explicitly states that it is unaware of any governmental entity in mainland China possessing direct or indirect power to direct or influence its management and policies, whether through ownership, contract, or other means - The Company is not aware of any governmental entity in mainland China with direct or indirect power to direct or cause the direction of its management and policies[11](index=11&type=chunk) [Signatures](index=4&type=section&id=Signatures) This section provides details of the authorized signatory for the Form 6-K submission - The report was signed by Maria Yi Xin, Chief Financial Officer, on behalf of Smart Share Global Limited on April 28, 2023[12](index=12&type=chunk)

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SE ...

Smart Share Global Limited (NASDAQ:EM) Q4 2022 Earnings Conference Call April 21, 2023 8:00 AM ET Company Participants Hansen Shi - Director of IR Mars Cai - Chairman and CEO Maria Xin - CFO Conference Call Participants Vicky Wei - Citi Charlie Chen - China Renaissance Operator Hello and thank you for standing-by for Energy Monsters 2022 Fourth Quarter and Fiscal Year 2022 Earnings Conference Call. At this time, all participants are in listen-only mode. Today's conference is being recorded. If you have any ...