Senmiao Technology, Qinhong sign cooperation agreement

Senmiao Technology (AIHS) has signed a strategic cooperation agreement with Qinhong International Group. Since its incorporation in 2013, Qinhong has provided financing facilitation support, financial services referral and loan consulting services, primarily to small and medium-sized enterprises and other financial institutions in Southwest China. Pursuant to the Agreement, leveraging both companies’ existing business relationships and customer resources, Senmiao will have the opportunity to participate in Qinhong’s business across China. Furthermore, Qinhong, relying on its extensive relationships with banks and other financial institutions, will assist Senmiao in securing financing to fund its business plan, when needed.