Senmiao Technology announces over 2.1 million completed rides on its ride-hailing platform in May 2021

Senmiao Technology Limited ("Senmiao") (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 operating metrics for its proprietary online ride-hailing platform for the month of May 2021. From April 2021 to May 2021, the growth rate of the number of completed orders was approximately 20%, and the growth rate of the number of drivers completing rides via the platform (known as Active Drivers) was approximately 9%.

Since the launch of Senmiao's online ride-hailing platform in Chengdu in October 2020, in Changsha in December 2020, in Neijiang in January 2021, and in Guangzhou at the end of March 2021, over 8.4 million rides have been completed using the platform, including over 2.1 million rides during May 2021. The average monthly growth rate of the number of completed orders and Active Drivers during the five months ended May 31, 2021, was approximately 36% and 34%, respectively.