Smart Share Global Limited Announces Share Repurchase Program
28 9월 2021 - 8:00PM
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 (“Board”) has
authorized a share repurchase plan under which the Company may
repurchase up to US$50 million of its shares over the next 12
months (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 timing and dollar amount of repurchase
transactions will be subject to the Securities and Exchange
Commission (the “SEC”) Rule 10b-18 and/or Rule 10b5-1 requirements.
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 this program with its existing cash balance.
“The Share Repurchase Program reflects our
confidence in the long-term prospect of the Company,” said Mars
Guangyuan Cai, Chairman and Chief Executive Officer. “We continue
to remain focused on our operations and have recently signed key
accounts in the amusement park, retail and chain restaurant
industries. We also recently expanded our coverage network with the
launch of our service in a variety of popular locations in Macau,
China. By continuing to offer industry leading service capabilities
and expanding our coverage network, we are confident that we will
continue expanding our market share as the number one player in
China’s mobile device charging service industry.”
“The fundamentals of the Company remain solid
even as we are impacted by COVID-19 outbreaks,” said Maria Yi Xin,
Chief Financial Officer. “During September, our operations
continued to recover from the July COVID-19 outbreak and we
continued to maintain a healthy cash balance. Our competitive
advantages in operational excellence, network effect, technology
and brand continue to help us accelerate our market leadership
position compared to our peers. Going forward, these advantages
will help us continually deliver value for our users, location
partners, network partners and shareholders.”
ABOUT SMART SHARE GLOBAL LIMITEDSmart 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, 2021, the
company had 6.0 million power banks in 771,000 POIs across more
than 1,600 counties and county-level districts in China.
Contact UsInvestor
RelationsHansen Shiir@enmonster.com
Safe Harbor StatementThis 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 and quotations from management
in this announcement, 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 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.
Smart Share Global (NASDAQ:EM)
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부터 11월(11) 2024 으로 12월(12) 2024
Smart Share Global (NASDAQ:EM)
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부터 12월(12) 2023 으로 12월(12) 2024