CHENGDU,
China, March 28, 2024 /PRNewswire/ -- Senmiao
Technology Limited ("Senmiao" or the "Company") (Nasdaq: AIHS),
a financing and servicing company focused on the online
ride-hailing industry in China as
well as an operator of its own online ride-hailing platform, today
announced that it has received a letter from the Nasdaq Listing
Qualifications Staff, dated March 26,
2024, notifying the Company that it has regained compliance
with the minimum bid price requirement under the Listing Rules of
The Nasdaq Stock Market. The letter noted that as a result of the
closing bid price of the Company's common stock having been at
$1.00 per share or greater for 20
consecutive business days, from February 27,
2024 to March 25, 2024, the
Company has regained compliance with Listing Rule 5550(a)(2), and
the matter is now closed.
About Senmiao Technology Limited
Headquartered in Chengdu,
Sichuan Province, Senmiao provides
automobile transaction and related services including sales of
automobiles, facilitation and services for automobile purchases and
financing, management, operating leases, guarantees and other
automobile transaction services, as well as operates its own
ride-hailing platform aimed principally at the growing online
ride-hailing market in Senmiao's areas of operation in China. For more information about Senmiao,
please visit: http://www.senmiaotech.com. Senmiao routinely
provides important updates on its website.
Cautionary Note Regarding Forward-Looking
Statements
This press release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
These forward-looking statements (including those relating to the
operation of Senmiao's ride-hailing platform) are subject to
significant risks, uncertainties and assumptions, including those
detailed from time to time in the Senmiao's filings with the SEC,
and represent Senmiao's views only as of the date they are made and
should not be relied upon as representing Senmiao's views as of any
subsequent date. Senmiao undertakes no obligation to publicly
revise any forward-looking statements to reflect changes in events
or circumstances.
For more information, please contact:
At the Company:
Yiye Zhou
Email: edom333@ihongsen.com
Phone: +86 28 6155 4399
Investor Relations:
The Equity Group Inc.
In China
Carolyne Sohn, Vice
President
Lucy Ma, Associate
+1
408-538-4577
+86 10 5661 7012
csohn@equityny.com
lma@equityny.com
Alice Zhang, Associate
+1 212-836-9610
azhang@equityny.com
© 2024 Senmiao Technology Ltd. All rights reserved.
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SOURCE Senmiao Technology Limited