UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of September 2023
Commission File Number: 001-40298
SMART SHARE GLOBAL LIMITED
6th Floor, 799 Tianshan W Road
Changning District, Shanghai 200335
The People’s Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F x
Form 40-F ¨
Exhibit Index
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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SMART SHARE GLOBAL LIMITED |
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By |
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/s/ Maria Yi Xin |
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Name |
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Maria Yi Xin |
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Title |
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Chief Financial Officer |
Date: September 18, 2023
Exhibit 99.1
Smart Share Global Limited Announces Extension of Share
Repurchase Program and Changes to Management Team
SHANGHAI, China, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Smart
Share Global Limited (“Energy Monster” or the “Company”), a consumer tech company providing mobile device charging
service, today announced the extension of its share repurchase program and changes to management team.
EXTENSION OF SHARE REPURCHASE PROGRAM
The Company’s board of
directors (the “Board”) authorized a further 12-month extension to its existing share repurchase program (the
“Share Repurchase Program”) through September 27, 2024. The Share Repurchase Program was originally approved by the
Board on September 28, 2021, under which the Company may repurchase up to US$50.0 million of its shares (including in the form of
ADSs) through September 27, 2022. On September 28, 2022, the Company announced that the Share Repurchase Program was extended
through September 27, 2023 as authorized by the Board. As of September 15, 2023, the Company had cumulatively repurchased
approximately US$5.7 million of its shares (including in the form of ADSs) under the Share Repurchase Program.
The Company’s proposed repurchases
may be made from time to time through open market transactions at prevailing market prices, in privately negotiated transactions, in block
trades and/or through other legally permissible means, depending on the market conditions and in accordance with applicable rules and
regulations. The Company has no obligation to repurchase shares, and the Board will review the Share Repurchase Program periodically and
may authorize adjustment of its terms and size or suspend or discontinue the program. The Company expects to fund the repurchases under
the Share Repurchase Program with its existing cash balance.
CHANGES TO MANAGEMENT TEAM
The Company announces that its Chief
Technology Officer, Mr. Xiaowei Li, has tendered his resignation from the Company due to personal reasons. The resignation will be effective
on October 31, 2023. The Board has approved the Company’s nomination of Mr. Peifeng Xu to the role of the President of the Company,
in addition to his role as a Director of the Company. The appointment will be effective on September 18, 2023. Following the appointment,
Mr. Xu will be in charge of the operation and the research and development of the Company’s mobile device charging business and
will continue to report to Mr. Mars Guangyuan Cai, Chairman of the Board and Chief Executive Officer of the Company.
“On behalf of the Board and the
Energy Monster family, I would like to thank Xiaowei for his years of dedication and contribution to the Company, and we would all like
to wish him the very best in his future endeavors,” said Mars Guangyuan Cai, Chairman and Chief Executive Officer. “At the
same time, we are pleased to announce that Peifeng has been appointed to the President of the Company and will additionally lead the research
and development effort for our mobile device charging business. We believe Peifeng’s operational expertise in conjunction with his
clear understanding of market needs will allow Energy Monster to deliver hardware and software solutions tailored to the needs of our
users and partners, which will further drive improvements to our efficiency and competitiveness.”
“We are excited to announce the
extension of our share repurchase program,” said Maria Yi Xin, Chief Financial Officer. “We remain positive on the outlook
of the Company especially given the recovery in our growth and profitability this year. The extension of the share repurchase program
reiterates our confidence in the outlook of Energy Monster, as we remain committed to delivering value for our stakeholders.”
About Smart Share Global Limited
Smart Share Global Limited (Nasdaq:
EM), or Energy Monster, is a consumer tech company with the mission to energize everyday life. The Company is the largest provider of
mobile device charging service in China with the number one market share. The Company provides mobile device charging service through
its power banks, which are placed in POIs such as entertainment venues, restaurants, shopping centers, hotels, transportation hubs and
public spaces. Users may access the service by scanning the QR codes on Energy Monster’s cabinets to release the power banks. As
of June 30, 2023, the Company had 8.0 million power banks in 1,109,000 POIs across more than 1,900 counties and county-level districts
in China.
Contact Us
Investor Relations
Hansen Shi
ir@enmonster.com
Safe Harbor Statement
This press release
contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private
Securities Litigation Reform Act of 1995. In some cases, forward-looking statements can be identified by words or phrases such as
“may,” “will,” “expect,” “anticipate,” “target,” “aim,”
“estimate,” “intend,” “plan,” “believe,” “potential,”
“continue,” “is/are likely to,” or other similar expressions. Among other things, the share repurchase program,
as well as the Company’s strategic and operational plans, contain forward-looking statements. The Company may also make
written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission
(“SEC”), in its annual reports to shareholders, in press releases and other written materials and in oral statements
made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about
the Company’s beliefs and expectations, are forward-looking statements. 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; the risk that COVID-19 or other health risks in
China or globally could adversely affect its operations or financial results; general economic and business conditions globally and
in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks,
uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this press release is
as of the date of this press release, and the Company does not undertake any duty to update such information, except as required
under applicable law.
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