Senmiao Technology Limited announced the appointment of Ms. Xiaoyuan Zhang as Chief Financial Officer and Treasurer of the company, effective September 17, 2018. Ms. Zhang replaces Ms. Rong Zhu who resigned from her positions as Chief Financial Officer and Treasurer of Senmiao. Ms. Zhu will remain with the company as Chief Financial Officer of Sichuan Senmiao Ronglian Technology Co.

Ltd., Senmiao's Chinese operating entity. Ms. Zhang joined Senmiao from Ernst & Young Hua Ming LLP where she had served as senior auditor and assurance manager since October 2010.