Senmiao Technology Ltd — fact timeline

Senmiao Technology Ltd entered into SPA with certain purchasers valued at $11,000,000 (effective 2026-04-23).

“On April 23, 2026, Senmiao Technology Limited (the “ Company ”) entered into a certain securities purchase agreement (the “ SPA ”) with certain purchasers (the “ Investors ”), pursuant to which the Company agreed to sell an aggregate of up to 10,000,000 units (the “ Units ”), each Unit consisting of one (1) share of its common stock, par value $0.0001 per share (“ Common Stock ”), and four (4) warrants (each, a “ Warrant ”), each to purchase one (1) share of Common Stock (the “ Offering ”), at a purchase price of $1.10 per Unit. The aggregate gross proceeds to the Company from the Offering, if all Units are sold, will be approximately $11,000,000.”

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

“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 ”).”

Senmiao Technology Ltd received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).

“December 1, 2025, we received a letter from the listing qualifications staff (the “ Staff ”) of Nasdaq informing us that, as reported in our quarterly report on Form 10-Q for the period ended September 30, 2025, because our stockholders’ equity was ($132,073), as of September 30, 2025, we did not meet the alternatives of market value of listed securities or net income from continuing operations, and we no longer comply with the Listing Rule. We have 45 calendar days to submit a plan to the Staff to regain compliance. If our plan is accepted, we may be granted an extension of up to 180 calendar”

Senmiao Technology Ltd received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

“July 29, 2025, Senmiao Technology Limited (the “Company”) received a deficiency notice from The Nasdaq Stock Market (“Nasdaq”) informing the Company that its common stock, par value $0.0001 per share (the “Common Stock”), fails to comply with the $1 minimum bid price required for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2) based upon the closing bid price of the Common Stock for the 30 consecutive business days prior to the date of the notice. Nasdaq’s notice has no immediate effect on the listing of the Common Stock on The Nasdaq Capital Market. Pursuan”

Senmiao Technology Ltd shareholders approved Approval of amendment No.2 to the Company’s 2018 equity incentive plan, to increase the number of shares of common stock reserved under the Plan to 1,800,000 shares at the 2024-04-19 meeting.

“A proposal to approve an amendment No.2 to the Company’s 2018 equity incentive plan, to increase the number of shares of common stock reserved under the Plan to 1,800,000 shares: For Against Abstain 4,685,387 200,669 15,509”

Senmiao Technology Ltd shareholders approved Ratification of appointment of Marcum Asia CPAs LLP as the Company's independent registered public accounting firm for the fiscal year ending March 31, 2024 at the 2024-04-19 meeting.

“A proposal to ratify the appointment of Marcum Asia CPAs LLP as the Company’s independent registered public accounting firm for the fiscal year ending March 31, 2024: For Against Abstain 5,884,955 52,336 21,583”

Senmiao Technology Ltd shareholders approved Election of five directors to the Company's board of directors to hold office until the next annual meeting and until their successors are duly elected and qualified at the 2024-04-19 meeting.

“On April 19, 2024, the Company held its annual meeting of stockholders (the “ Annual Meeting ”) for its fiscal year ended March 31, 2023.”