UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One): ¨ Form
10-K ¨ Form 20-F ¨ Form
11-K x Form 10-Q ¨ Form
10-D
¨ Form
N-CEN ¨ Form N-CSR
For Period Ended: June 30, 2025
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Transition Report on Form 10-K |
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Transition Report on Form 20-F |
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Transition Report on Form 11-K |
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Transition Report on Form 10-Q |
For the Transition Period Ended: _____________________________________
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Read Instructions (on back page) Before Preparing
Form. Please Print or Type.
Nothing in this form shall be construed to imply
that the Commission has verified any information contained herein. |
If the notification relates to a portion of the
filing checked above, identify the Item(s) to which the notification relates:
PART I – REGISTRANT INFORMATION
Senmiao Technology Limited
Full Name of Registrant:
N/A
Former Name if Applicable:
16F, Shihao Square, Middle Jiannan
Blvd., High-Tech Zone
Address of Principal Executive Office (Street and number):
Chengdu, Sichuan, China 610000
City, State and Zip Code
PART II – RULES 12b-25(b) AND (c)
If the subject report could not be filed without
unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed (Check box
if appropriate)
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(a) |
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The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense; |
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(b) |
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The subject annual report, semi-annual report,
transition report on Form 10-K, Form 20-F, Form 11-K, Form N-CEN or Form N-CSR, or portion thereof, will be filed on or before the fifteenth
calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution
report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and |
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(c) |
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The accountant’s statement or other exhibit required by Rule 12(b)-25(c) has been attached if applicable. |
PART III – NARRATIVE
State below in reasonable detail why Forms
10-K, 20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time
period.
Senmiao Technology Limited (the “Registrant”)
requires additional time to complete certain disclosures to be included in the Quarterly Report on Form 10-Q for the fiscal period ended
June 30, 2025 (the “Form 10-Q”). The preparation and review of such disclosures required to be presented in the Form 10-Q
could not be completed and filed by the Registrant without undue hardship and expense to the Registrant due in part to the circumstances
described in Part IV below. The Registrant expects to file the Form 10-Q on or before the fifth calendar day following the prescribed
due date.
PART IV – OTHER INFORMATION
(1) Name and telephone number of person to contact
in regard to this notification:
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Xi Wen |
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+86 28 |
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61554399 |
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(Name) |
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(Area Code) |
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(Telephone Number) |
(2) Have all other periodic reports required under
Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12
months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s).
☒ Yes ☐ No
(3) Is it anticipated that any significant change
in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included
in the subject report or portion thereof?
☒ Yes
☐ No
If so, attach an explanation of the anticipated
change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be
made.
As the registrant completed a corporate structure
change, disposing of one of its subsidiaries in August 2024, the comparative financial figures in relation to operations under the disposed
subsidiary in the fiscal period ended June 30, 2025 was reclassified to items named “XXXX-discontinued operations”. Management’s
current reasonable estimates of the results of operation are as follows, which are subject to change upon the completion of the financial
statements: (i) total other income, net, increased to approximately $0.33 million for the three months ended June 30, 2025 from approximately
$0.04 million for the three months ended June 30, 2024; (ii) loss from operations decreased to approximately $0.61 million for three months
ended June 30, 2025 from approximately $0.78 million for the three months ended June 30, 2024; (iii) net loss decreased to approximately
$0.28 million for the three months ended June 30, 2025 from approximately $0.76 million for the three months ended June 30, 2024; and
(iv) comprehensive loss decreased to approximately $0.32 million for the three months ended June 30, 2025 from approximately $0.80 million
for the three months ended June 30, 2024. Additional narrative and quantitative disclosure regarding the registrant’s results of
operations for the three months ended June 30, 2025 will be disclosed in the registrant’s Quarterly Report on Form 10-Q.
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Senmiao Technology Limited |
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(Name of Registrant as Specified in Charter) |
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has caused this notification to be signed on its
behalf by the undersigned hereunto duly authorized.
| Date: August 15, 2025 |
By: |
/s/ Xi Wen |
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Name: |
Xi Wen |
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Title: |
Chief Executive Officer
(Principal Executive Officer) |
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ATTENTION
Intentional misstatements or omissions of fact
constitute Federal criminal violations. (See 18 U.S.C. 1001). |
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