Maples Group Advises Special Committee of Smart Share on US$327 Million Going-Private Transaction

Maples and Calder, the Maples Group’s law firm, is pleased to have acted as Cayman Islands counsel to the special committee of the board of directors of Smart Share Global Limited (“Smart Share”) in connection with its successful going‑private transaction by way of merger with Mobile Charging Limited (the “Merger Sub”).

The transaction, which completed on 29 April 2026 and was valued at approximately US$327 million, resulted in Smart Share becoming a wholly owned subsidiary of Mobile Charging Group Holdings Limited and its delisting from NASDAQ.

Smart Share (NASDAQ: EM), also known as Energy Monster, is a leading mobile device charging services provider in China.

The transaction highlights the Maples Group’s strong track record in advising on complex cross-border going-private transactions involving Cayman-incorporated, US-listed companies.

The Maples Group team was led by Corporate Partner, Karen Zhang Pallaras, with assistance from Legal Manager, Charmaine Chow, both based in Hong Kong.

Skadden, Arps, Slate, Meagher & Flom LLP and Commerce & Finance Law Offices acted as the U.S. and PRC legal counsel, respectively, to the Special Committee of Smart Share.

The Maples Group was also recently named in the inaugural Panel List of Hong Kong Legal Services Providers Supporting “Go Global”, published by the Hong Kong Department of Justice, recognising its track record in supporting the overseas expansion for Chinese companies.