Hillhouse makes preliminary, non-binding bid for Smart Share Global (EM)

Rhea-AI Filing Summary

Smart Share Global Limited filed a Form 6-K to furnish a press release stating it has received a preliminary, non-binding proposal from Hillhouse to acquire the company. The filing itself does not provide terms or conditions of the proposal but highlights that the approach is at an early, non-binding stage. This update signals that a potential change of control is being explored, with further details expected in the accompanying press release and any subsequent communications.

Insights

Cross-border M&A and corporate actions analyst

Smart Share Global reports a preliminary, non-binding takeover approach from Hillhouse.

Smart Share Global Limited has reported that it received a preliminary, non-binding proposal from Hillhouse to acquire the company, as referenced in an attached press release. A preliminary, non-binding proposal typically indicates exploratory interest rather than a firm commitment, and key details such as price, structure, and conditions are not yet set out here.

The non-binding status means Hillhouse can adjust or withdraw its proposal, and the company can evaluate alternatives. Any outcome will depend on subsequent negotiations, board evaluation, and potential regulatory or shareholder processes, none of which are described in this excerpt. Investors would look to future disclosures for concrete terms, including any definitive agreement or recommended transaction.

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 August 2025

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

Exhibit No.	Description
99.1	Press Release—Smart Share Global Limited Announces Receipt of a Preliminary Non-Binding Proposal to Acquire the Company from Hillhouse

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.

	SMART SHARE GLOBAL LIMITED
	By	:	/s/ Maria Yi Xin
	Name	:	Maria Yi Xin
	Title	:	Chief Financial Officer

Date: August 15, 2025

FAQ

What did Smart Share Global Limited (EM) disclose in this Form 6-K?

Smart Share Global Limited furnished a Form 6-K indicating that, via Exhibit 99.1, it has issued a press release announcing receipt of a preliminary, non-binding proposal from Hillhouse to acquire the company.

Who is proposing to acquire Smart Share Global Limited (EM)?

The company disclosed that it received a preliminary, non-binding acquisition proposal from Hillhouse, as stated in the description of Exhibit 99.1.

Is the Hillhouse proposal to acquire Smart Share Global binding?

No. The filing describes the Hillhouse approach as a preliminary non-binding proposal, indicating it is an early-stage expression of interest rather than a definitive agreement.

Where can investors find more details about the Smart Share Global takeover proposal?

Additional information is referenced in Exhibit 99.1, titled "Press Release—Smart Share Global Limited Announces Receipt of a Preliminary Non-Binding Proposal to Acquire the Company from Hillhouse."

Does this Form 6-K mean that Smart Share Global has agreed to be acquired?

No. The Form 6-K only reports that a preliminary, non-binding proposal has been received from Hillhouse. It does not state that any acquisition agreement has been signed or approved.

What is the filing date and form type for this Smart Share Global update?

The update is provided on Form 6-K for the month of August 2025 and is dated August 15, 2025.