Smart Share Global announces extension of share repurchase program

Smart Share Global announced the extension of its share repurchase program and changes to management team. The Company’s board of directors authorized a further 12-month extension to its existing share repurchase program through September 27, 2024. The Share Repurchase Program was originally approved by the Board on September 28, 2021, under which the Company may repurchase up to US$50.0 million of its shares through September 27, 2022. On September 28, 2022, the Company announced that the Share Repurchase Program was extended through September 27, 2023 as authorized by the Board. As of September 15, 2023, the Company had cumulatively repurchased approximately US$5.7 million of its shares under the Share Repurchase Program.