Senmiao Technology Limited announced that on September 10, 2020 the Board appointed Haitao Liu to serve as the Company’s Chief Operating Officer, effective immediately. Haitao Liu served as the Chief Executive Officer of Sichuan Senmiao from August 1, 2018 to September 10, 2020. Liu previously served as Chief Executive Officer of Shenzhen Qianhai Tuteng Internet Financial Services Co. Ltd., a peer-to-peer online lending company specialized in auto loans, from May 2015 to April 2018. Prior to that, he served as the Deputy General Manager of Chengdu High-Tech Zone Xingrui Microfinance Co. Ltd., a company offering loans to small businesses and individuals, from May 2012 to April 2015, as the Chief Financial Officer of Sichuan Information Industry Co. Ltd., an information technology company, from July 2006 to May 2012, and as the Deputy General Manager of Sichuan Zhongxin Hengde CPA Co. Ltd. from June 2000 to July 2006.