Smart Share Global Limited announced on January 21, 2025, that its Special Committee, formed to evaluate the preliminary non-binding going-private proposal, has retained independent advisors. Kroll, LLC has been appointed as the independent financial advisor to the committee.
Skadden, Arps, Slate, Meagher & Flom LLP has been engaged as the U.S. legal counsel for the Special Committee. These appointments are in connection with the committee's review of the proposal received on January 5, 2025, from Trustar Mobile Charging Holdings Limited and key company executives.
The Board cautions shareholders that no decisions have been made regarding the proposal, and there is no assurance that a definitive agreement will be executed or that the transaction will be consummated. The engagement of independent advisors is a standard procedure to ensure a fair and comprehensive evaluation.
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