Smart Share Global Limited announced the resignation of Ms. Juan Li as a director of the Company and the Board of Directors has approved the appointment of Ms. Xiao Xiao as a director of the Company in place of Ms. Li, both effective December 20, 2022. Ms. Xiao Xiao is an investment director at Alibaba Group Holding Ltd., where she has served since 2020. Prior to that, Ms. Xiao had a career spanning across key roles at a number of companies, including Cathay Capital and Fresh Capital.

Ms. Xiao received a bachelor degree in engineering from Tsinghua University and an MBA from the Hong Kong University of Science and Technology.