Senmiao Technology Limited announced that Mr. Xiang Hu and Dr. Yulei Rao will not be standing for reelection at the Meeting and will serve as directors until the end of their term which concludes as of the date of the Meeting. The Board, with the recommendation of the Nominating and Corporate Governance Committee, nominated Ms. Sichun Wang and Ms. Jie Gao to replace Mr. Hu and Dr. Rao as directors.