Smart Share Global Limited Announces Shareholders’ Approval of Merger Agreement

Core Viewpoint - Smart Share Global Limited, also known as Energy Monster, has received shareholder approval for a merger agreement that will result in the company becoming a privately held entity, with its American depositary shares (ADSs) no longer traded on any exchange [1][3]. Group 1: Merger Details - The extraordinary general meeting (EGM) held on December 31, 2025, saw approximately 79.0% of the total outstanding ordinary shares represented, with 92.8% of the votes cast in favor of the merger agreement [2]. - The merger agreement, dated August 1, 2025, involves the merger of Mobile Charging Merger Limited into Smart Share Global Limited, making the latter a wholly-owned subsidiary of Mobile Charging Investment Limited [1][2]. Group 2: Company Overview - Smart Share Global Limited is a leading consumer tech company in China, specializing in mobile device charging services through a network of shared power banks located in various points of interest (POIs) [4]. - As of December 31, 2024, the company operated 9.6 million power banks across 1,279,900 POIs in over 2,200 counties and county-level districts in China [4].