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Senmiao Technology Ltd (NASDAQ:AIHS) announced several changes to its board and executive leadership, effective Tuesday, according to a statement based on a recent SEC filing.
Ms. Sichun Wang resigned as a director, chairwoman of the audit committee, and member of both the compensation and nominating committees. The company stated that her resignation was not due to any disagreement with Senmiao Technology regarding accounting, operations, policies, or practices.
The board appointed Mr. Si (Simon) Li as an independent director to fill the vacancy left by Ms. Wang. Mr. Li will serve as chairman of the audit committee, and as a member of the compensation and nominating committees. Mr. Li is currently Chief Financial Officer of Token Cat Limited (NASDAQ:TC) and has prior experience in private equity and capital operations. He holds degrees from Beijing Technology and Business University, the University of Pennsylvania, and Tsinghua University. His annual compensation will be $30,000.
The company also appointed Mr. Chong Chen as an independent director, a member of the compensation and audit committees, and chairman of the nominating committee, following the resignation of Mr. Trent D. Davis on November 21, 2025. Mr. Chen is the Financial Controller for Shenzhen Qianhai Huineng Technology Industrial Co., Ltd. and is a certified public accountant in the United States and United Kingdom. His annual compensation will be $30,000.
Additionally, Mr. Ronggang (Jonathan) Zhang was named Chief Executive Officer, executive director, and chairman of the board, succeeding Mr. Xi Wen, who resigned on November 21, 2025. Mr. Zhang has served as an independent director for several companies, including Chijet Motor Company, Inc. (NASDAQ:CJET), SOS Ltd (NYSE:SOS), and NFT Limited (NYSE American:MI). He is also CEO of 5CGroup International Asset Management Co., Ltd. and a strategic development consultant at SG & CO PRC Lawyers. Mr. Zhang’s annual compensation will be $50,000.
Senmiao Technology reported that there are no family relationships or related party transactions involving the new appointees that require disclosure under SEC regulations.
This information is based on a press release statement included in the company’s SEC filing.
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