Smart Share Global Ltd (EM) SEC Filings, Aug 2025-Mar 2026

Smart Share Global Ltd director Gan Jiawei filed an initial ownership report detailing indirect holdings in the company. The filing shows 7,414,766 Class A ordinary shares held of record by LIGAN Legend Limited, which is wholly owned by Gan. It also reports 793,390 American depositary shares, each ADS representing two Class A ordinary shares.

Smart Share Global Ltd president and director Xu Peifeng filed an initial ownership report showing his equity interests in the company. He holds options to buy 850,000 Class A ordinary shares at an exercise price of $0.01 per share expiring on August 23, 2031, and options over 5,000,000 Class A ordinary shares at $0.01 per share expiring on April 1, 2034. The 850,000-share grant vests 25% on the first anniversary of the August 23, 2021 grant date, with the remaining 75% vesting in equal annual installments over three years. The 5,000,000-share grant vests 50% on the second anniversary of the April 1, 2024 grant date, with the remaining 50% vesting in equal annual installments over the following two years. Indirectly, through Super June Limited, which is wholly owned by Xu, he holds 27,397,000 Class B ordinary shares and 1,500,000 American depositary shares, with each ADS representing two Class A ordinary shares.

Smart Share Global Ltd’s Chief Marketing Officer Victor Yaoyu Zhang filed an initial ownership report showing his equity interests in the company. He holds options to buy 380,000 Class A ordinary shares at an exercise price of $0.01 per share expiring on August 23, 2031, and options to buy 1,000,000 Class A ordinary shares at $0.01 per share expiring on April 1, 2034. These options were granted in 2021 and 2024 with multi‑year vesting schedules.

Indirectly, through Victor Family Limited, which is wholly owned by Zhang, the filing lists 7,306,970 Class B ordinary shares and 400,000 American depositary shares. Each ADS represents two Class A ordinary shares according to the disclosure. The filing records these as existing holdings rather than new market transactions.

Smart Share Global Ltd filed a Form 3 for Chief Financial Officer Xin Maria Yi, detailing her existing equity interests. She holds options to purchase 300,000 Class A ordinary shares at an exercise price of $0.01 per share expiring in 2031 and options for 1,000,000 Class A ordinary shares at $0.01 expiring in 2034, both subject to multi‑year vesting schedules. The filing also reports indirect ownership of 1,693,194 American depositary shares held by Jade Dew Capital Limited, a company wholly owned by her, with each ADS representing two Class A ordinary shares.

Smart Share Global Ltd Chief Executive Officer Cai Mars Guangyuan filed an initial ownership report showing his equity interests in the company. He holds stock options to acquire 850,000 and 5,000,000 Class A ordinary shares at an exercise price of $0.01 per share, expiring in 2031 and 2034. In addition, 39,270,000 Class B ordinary shares and 2,140,037 American depositary shares are held of record by Smart Share Holdings Limited, which is wholly owned by him. Each ADS represents two Class A ordinary shares.

Smart Share Global Limited received an updated ownership report from investment firm Silver Point Capital and related individuals. They report beneficial ownership of 49,342,200 Class A ordinary shares, representing 11.4% of the class based on 433,223,191 shares outstanding as of July 31, 2025.

The shares are held through Silver Point investment funds, with Silver Point, Edward A. Mule and Robert J. O'Shea sharing voting and dispositive power and no sole authority. The filers certify the stake is held on a passive basis, not to change or influence control of Smart Share Global.

Smart Share Global Limited, also known as Energy Monster, reported that Nasdaq has notified the company it is not in compliance with Nasdaq Listing Rule 5250(c)(1) because it did not timely file a Form 6-K containing an interim balance sheet and income statement for the fiscal half-year ended June 30, 2025. The company has 60 calendar days from the January 14, 2026 notice to submit a plan to regain compliance, and if Nasdaq accepts the plan, it may grant an exception of up to 180 calendar days from the required filing’s due date of June 29, 2026. Trading of the company’s Class A ordinary shares on the Nasdaq Capital Market under the symbol “EM” continues for now, but the shares will be subject to delisting if the company does not regain compliance.

HHLR Advisors, Ltd. and Hillhouse Investment Management, Ltd. report combined beneficial ownership of 62,367,293 Class A ordinary shares, representing 14.4% of Smart Share Global Ltd's Class A shares. The Reporting Persons previously held these positions and filed Schedule 13D because they submitted a Competing Proposal on August 13, 2025 to acquire outstanding shares they do not already own for $1.77 per ADS or $0.885 per share, valuing the issuer at approximately $450 million. This offer is a roughly 42% premium to a prior consortium proposal of $0.625 per share ($1.25 per ADS) and the definitive merger at that price implying a ~$327 million equity value. The Reporting Persons state they will fund the Proposed Acquisition solely through funds they manage and that the proposal may result in transactions including additional purchases, a merger, or delisting of the ADSs. The Competing Proposal is subject to execution of mutually acceptable definitive agreements.

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.