Senmiao sells loss-ridden ride-hailing units for no consideration; CFO resigns

Senmiao Technology Ltd

Disposed of wholly-owned Yicheng and Zecheng for no cash consideration; units had accumulated ~$11M losses.
Subsidiaries had no operations in past fiscal year; buyer is non-affiliate Hu Mao Sheng Tang Holdings Limited.
CFO Xiaoyuan Zhang resigned effective Dec 31, 2025, not due to any accounting disagreement.
Pro forma shows $3.5M financing in Nov 2025, boosting cash to $4.1M as of Sep 30, 2025.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Senmiao Technology Ltd entered into Acquisition Agreement with Hu Mao Sheng Tang Holdings Limited. valued at no additional consideration (effective 2025-12-31).

Action: entry
Agreement: asset purchase
Counterparty: Hu Mao Sheng Tang Holdings Limited.
Value: no additional consideration
Effective: 2025-12-31

Exact text from the filing

On December 31, 2025, the Company, entered into a certain Acquisition Agreement (the “ Acquisition Agreement ”) with Hu Mao Sheng Tang Holdings Limited., a non-affiliated Hong Kong company (the “ HMST ” or “ Purchaser ”).

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306 material agreements filed in the last 30 days. Browse all material agreements →

Senmiao Technology Ltd filing history →

Source: SEC EDGAR

accession 0001213900-26-002216

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