Senmiao Technology Ltd

Senmiao is not a Chinese operating company but a U.S. holding company incorporated in the State of Nevada on June 8, 2017. As a holding company with no material operations of its own, Senmiao conducts a substantial majority of its operations through its Operating Entities established in the PRC, including its subsidiary and the equity investee company. Since November 2018, we have been providing automobile transaction and related services focusing on the online ride-hailing industry in the People’s Republic of China ( PRC or China ) through our majority owned subsidiary, Hunan Ruixi, and its equity investee company, Jinkailong. Prior to December 31, 2025, we provided automobile transaction and related services in Sichuan Province of China through our former majority owned subsidiary, Jiekai and our former wholly owned subsidiary, Corenel, Yicheng and Senmiao Consulting. In December 2025, Senmiao entered into a certain Acquisition Agreement (the Sichuan Acquisition Agreement ) with Hu Mao Sheng Tang Holdings Limited., a non-affiliated Hong Kong company ( HMST ). Pursuant to the Sichuan Acquisition Agreement, we sold all of the equity interests in Yicheng, Senmiao Consulting and its subsidiaries, which were our former subsidiaries in Sichuan Province of China ( former subsidiaries in Sichuan ), to HMST for nil consideration, while we undertook certain liabilities of $518,388 which were previously assumed by former subsidiaries in Sichuan (the Disposition ).