06/12/2026 | Press release | Distributed by Public on 06/12/2026 14:06
Item 5.07 Submission of Matters to a Vote of Security Holders
On June 11, 2026, Senmiao Technology Limited., a Nevada corporation (the "Company") held its Annual Meeting of Stockholders (the "Annual Meeting"). A total of 3,135,844 shares of common stock, constituting a quorum, were represented in person or by valid proxies at the Annual Meeting. The final results for each of the matters submitted to a vote of stockholders at the Annual Meeting, as set forth in the Definitive Proxy Statement filed with the Securities and Exchange Commission on May 15, 2026, are as follows:
Proposal 1: The Company's stockholders elected the following five nominees as directors, to serve until the next annual meeting of stockholders of the Company and until their respective successors are duly elected and qualified, by the following vote:
| Name | For | Withheld |
Broker Non-Votes |
|||||||||
| Ronggang (Jonathan) Zhang | 2,353,697 | 7,368 | 818,056 | |||||||||
| Chong Chen | 2,353,707 | 7,358 | 818,056 | |||||||||
| Si (Simon) Li | 2,353,752 | 7,313 | 818,056 | |||||||||
| Jie Gao | 2,353,747 | 7,318 | 818,056 | |||||||||
| Xiaojuan Lin | 2,353,662 | 7,403 | 818,056 | |||||||||
Proposal 2: The Company's stockholders voted to ratify appointment of Marcum Asia CPAs LLP as the Company's registered public accounting firm for the fiscal year ending March 31, 2026 by the following vote:
| For | Against | Abstentions | ||||||||
| 3,150,280 | 28,202 | 639 | ||||||||
Proposal 3: The Company's stockholders voted to approve, for purposes of Nasdaq Listing Rule 5635, the issuance of shares of Common Stock underlying the warrants issued pursuant to the Securities Purchase Agreement dated November 14, 2025 ("Warrant Share Issuance Proposal") by the following vote:
| For | Against | Abstentions | Broker Non-Votes | |||||||||||
| 2,334,904 | 26,127 | 34 | 818,057 | |||||||||||
Proposal 4: The Company's stockholders voted to authorize (but not require) the Board of Directors to effect one or more reverse stock splits of the Company's issued and outstanding Common Stock at any time prior to the Company's next annual meeting of stockholders, with an aggregate ratio of up to one-for-one hundred (1:100), with the exact timing and ratio to be determined by the Board of Directors in its sole discretion ("Reverse Stock Split Proposal") by the following vote:
| For | Against | Abstentions | ||||||||
| 2,794,305 | 384,729 | 87 | ||||||||
Proposal 5: The Company's stockholders voted to approve an amendment to the Company's Articles of Incorporation to increase the total number of authorized shares of Common Stock from 50,000,000 to 500,000,000 ("Authorized Share Increase Proposal") by the following vote:
| For | Against | Abstentions | ||||||||
| 2,747,548 | 383,827 | 47,746 | ||||||||
Proposal 6: The Company's stockholders voted to approve the issuance of shares of Common Stock and warrants to purchase shares of Common Stock (the "PIPE Warrants") in connection with the Company's private placement of up to $11,000,000 pursuant to the Securities Purchase Agreement dated April 23, 2026 (the "PIPE Proposal") by the following vote:
| For | Against | Abstentions | Broker Non-Votes | |||||||||||
| 2,331,324 | 28,248 | 1,493 | 818,056 | |||||||||||