Smart Share Global Limited Announces 12-Month Extension of Share Repurchase Program

SHANGHAI, China, Sept. 28, 2022 (GLOBE NEWSWIRE) — Smart Share Global Limited (“Energy Monster” or the “Company”), a consumer tech company providing mobile device charging service, today announced that its board of directors (the “Board”) authorized a 12-month extension to its existing share repurchase program (the “Share Repurchase Program”) through September 27, 2023. The Share Repurchase Program was originally approved by the Company’s board of directors on September 28, 2021, under which the Company may repurchase up to US$50.0 million of its shares through September 27, 2022. As of September 26, 2022, the Company had cumulatively repurchased approximately US$3.7 million of its ADSs under the Share Repurchase Program.