Smart Share Global Limited (NASDAQ:EM) Q4 2022 Earnings Call Transcript

We believe as people adjust to the complete opening up of the offline economy, this gap between will gradually normalize to pre-COVID levels.As for POI composition compared to pre-COVID, restaurants and shopping malls both increased as a percentage of total POIs, while entertainment and hotel POIs decreased. As for balancing between the two models, our approach is exactly designed for that. Our direct model will be more focused on higher tier cities and large KAs, while our network partner model will complement our direct model to capture the rest of the market, this approach has worked quite well during COVID time. And we continue to leverage this approach because we are the only player within the industry with a full-scale direct model team and also work with the highest quality partners for network partner model.We do believe that the scale and efficiencies of our two models lead the industry and will be a driver in increasing our market share in China’s mobile device charging service industry.

Thank you.Operator We are now approaching the end of the conference call. I will turn the call over to Energy Monster’s CFO, Maria Xin, for closing remarks.Maria Xin Once again, thank you for joining us today. Please don’t hesitate to contact us if you have any further questions. Thank you for your continued support, and we look forward to speaking with you in the coming months. Thank you.Operator Thank you for your participation in today’s conference. This concludes the presentation. You may now disconnect. Good day.