AIHS discloses Wen Xi CEO/Chair exit and board change

Rhea-AI Filing Summary

Senmiao Technology Limited (AIHS) reported major leadership changes. Effective November 21, 2025, Wen Xi resigned as Chief Executive Officer and Chairman of the Board, and Trent D. Davis resigned as a director, with his resignation effective immediately.

The company states that both Mr. Wen and Mr. Davis resigned for personal reasons and that their decisions were not due to any disagreement with Senmiao on operations, policies, or practices. The company expressed appreciation for their years of service.

Insights

Corporate governance analyst

AIHS announces same-day CEO/Chair and director resignations.

Senmiao Technology Limited disclosed that Wen Xi resigned as Chief Executive Officer and Chairman of the Board, effective November 21, 2025, and that director Trent D. Davis resigned effective immediately on the same date. Concentrated leadership changes at the top level often mark an important governance transition for a company.

The company states that both resignations are for personal reasons and explicitly notes there was no disagreement regarding operations, policies, or practices. That language aims to reassure stakeholders that there are no disclosed internal disputes driving the departures.

While no successor leadership details are included in the excerpt, investors will typically look to subsequent disclosures for information on new appointments, any strategic shifts tied to the leadership change, and how responsibilities are reallocated following November 21, 2025.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 21, 2025

SENMIAO TECHNOLOGY LIMITED

(Exact name of registrant as specified in its charter)

Nevada		001-38426		35-2600898
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

16F, Shihao Square, Middle Jiannan Blvd. High-Tech Zone, Chengdu Sichuan, People’s Republic of China		610000
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: +86 28 61554399

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.0001 per share		AIHS		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective November 21, 2025, Wen Xi (“Mr. Wen”) resigns to the board of directors (the “Board”) of Senmiao Technology Limited (the “Company”) as the Chief Executive Officer and Chairman of the Board of the Company.

On November 21, 2025, Trent D. Davis (“Mr. Davis”) resigns from his directorship of the Board of the Company, effective immediately.

Mr. Wen and Mr. Davis’s decisions are due to personal reasons and are not a result of any disagreement with the Company on any matter relating to its operations, policies or practices. The Company thanks them for their years of service.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	SENMIAO TECHNOLOGY LIMITED
Date: November 21, 2025	By:	/s/ Xiaoyuan Zhang
	Name:	Xiaoyuan Zhang
	Title:	Chief Financial Officer

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FAQ

What leadership changes did Senmiao Technology Limited (AIHS) announce?

On November 21, 2025, Senmiao Technology Limited announced that Wen Xi resigned as Chief Executive Officer and Chairman of the Board, and Trent D. Davis resigned from his position as director.

Why did Wen Xi and Trent D. Davis resign from Senmiao Technology Limited (AIHS)?

The company states that both Mr. Wen and Mr. Davis resigned for personal reasons and that their decisions were not the result of any disagreement with Senmiao regarding its operations, policies, or practices.

When were the resignations at Senmiao Technology Limited (AIHS) effective?

Wen Xi’s resignation as CEO and Chairman was effective November 21, 2025. Trent D. Davis’s resignation as director was also effective on November 21, 2025, and is described as effective immediately.

Did Senmiao Technology Limited (AIHS) report any disagreements related to the director or officer departures?

No. The company explicitly states that the decisions of Mr. Wen and Mr. Davis to resign were not due to any disagreement with Senmiao on matters related to its operations, policies, or practices.

Who signed the 8-K filing for Senmiao Technology Limited (AIHS)?

The report was signed on behalf of Senmiao Technology Limited by Xiaoyuan Zhang, who is identified as the company’s Chief Financial Officer.