Senmiao Technology Limited announced that Ms. Xin Chen resigned from her positions as Chief Executive Officer of Senmiao. Ms. Chen's resignation was due to personal reasons and did not result from any disagreement with the company. To fill the vacancies created by Ms. Chen's resignation, the company's Board of Directors appointed Mr. Xi Wen as the Chief Executive Officer of the company in addition to his current roles as the President, Secretary and Chairman of the Board.