Senmiao buys Hunan Xixingtianxia for 5.33M shares; authorized share increase not approved

Senmiao Technology Ltd

Acquires 100% of Hunan Xixingtianxia from Li Xiaoli and Liu Xiaohong for 5,331,667 shares of common stock.
Li Xiaoli gets 3,465,591 shares ($2.3M); Liu Xiaohong gets 1,866,076 shares ($1.2M).
Closing to occur within 30 business days after October 22, 2021.
Corrected vote: Amendment to increase authorized shares from 100M to 500M failed (17.1M for, 1.5M against).
Original 8-K incorrectly reported approval; error discovered by inspector of elections.

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