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Smart Share Global Limited Regains Compliance with the

SHANGHAI, Feb. 03, 2025 (GLOBE NEWSWIRE) — Sensible Share World Restricted (Nasdaq: EM) (“Vitality Monster” or the “Firm”), a client tech firm offering cell system charging service, as we speak introduced that it acquired a notification letter (the “Compliance Notification”) from the Itemizing {Qualifications} Division of the Nasdaq Inventory Market LLC (“Nasdaq”), dated January 31, 2025, notifying the Firm that it has regained compliance with the requirement of minimal bid worth of US$1.00 per share set forth underneath Nasdaq Itemizing Rule 5550(a)(2).
As introduced on August 9, 2024, the Firm acquired a letter from Nasdaq indicating that it was not in compliance with Nasdaq Itemizing Rule 5550(a)(2), because the closing bid worth of its American Depositary Shares (the “ADSs”) had been under US$1.00 per ADS for the earlier 30 consecutive enterprise days. The Firm was supplied with a compliance interval of 180 calendar days, or till February 3, 2025, to regain compliance with the minimal bid worth requirement.
On January 31, 2025, Nasdaq confirmed within the Compliance Notification that the closing bid worth of the Firm’s ADSs has been at US$1.00 per share or increased for the ten consecutive enterprise days from January 16, 2025 to January 30, 2025. Accordingly, the Firm has regained compliance with the minimal bid worth requirement, and the matter is now closed.
About Sensible Share World Restricted
Sensible Share World Restricted (Nasdaq: EM), or Vitality Monster, is a client tech firm with the mission to energise on a regular basis life. The Firm is the most important supplier of cell system charging service in China with the primary market share. The Firm supplies cell system charging service by way of its energy banks, that are positioned in POIs similar to leisure venues, eating places, procuring facilities, inns, transportation hubs and public areas. Customers might entry the service by scanning the QR codes on Vitality Monster’s cupboards to launch the facility banks. As of June 30, 2024, the Firm had 9.5 million energy banks in 1,267,000 POIs throughout greater than 2,100 counties and county-level districts in China.
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Hansen Shi
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