 Senmiao Technology Limited Senmiao NASDAQ: AIHS, a provider of automobile transaction and related services targeting the online ride-hailing industry in China, today announced the pricing of an underwritten public offering of 12,000,000 shares of its common stock at a public offering price of 0.50 per share, before underwriting discounts and commissions. In addition, Senmiao has granted the underwriters a 45-day option to purchase up to an additional 1,800,000 shares of its common stock at the public offering price, less underwriting discounts and commissions. All shares of common stock are being offered by Senmiao. Gross proceeds from the offering will be approximately US6 million. The offering is expected to close on or about August 6, 2020, subject to the satisfaction of customary closing conditions. 