Smart Share Global Limited Declares a Special Cash Dividend
March 11 2024 - 6:00AM
Smart Share Global Limited (Nasdaq: EM) (“Energy Monster” or the
“Company”), a consumer tech company providing mobile device
charging service, today announced that its Board of Directors
approved a special cash dividend of US$0.015 per ordinary share, or
US$0.03 per American Depositary Share (“ADS”), to holders of
ordinary shares and holders of ADSs of record as of the close of
business on May 31, 2024, U.S. Eastern Time, payable in U.S.
dollars. Dividend to be paid to the Company’s ADS holders through
the depositary bank will be subject to the terms of the deposit
agreement. The payment date is expected to be on or around June 7,
2024 for holders of ordinary shares and on or around June 14, 2024
for holders of ADSs.
The total amount of cash to be distributed for
the dividend is expected to be approximately US$8 million, which
will be funded by surplus cash on the Company’s balance sheet. As
of September 30, 2023, the Company had approximately RMB3.3 billion
in cash and cash equivalents, short-term investments and restricted
cash.
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 September 30, 2023, the Company had 8.7 million power banks in
1,189,000 POIs across more than 2,000 counties and county-level
districts in China.
Contact Us
Investor RelationsHansen Shiir@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. 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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