CHENGDU, China, March 13, 2019
/PRNewswire/ -- Senmiao Technology Limited ("Senmiao" or the
"Company") (NASDAQ: AIHS), an operator of an online lending
marketplace connecting Chinese investors with individual and
small-to-medium-sized enterprise borrowers, and a provider of
automobile transaction and financing services in China, today announced that Sichuan Jinkailong
Automobile Leasing Co., Ltd. ("Jinkailong"), a variable interest
entity of Senmiao's majority owned subsidiary Hunan Ruixi Financial
Leasing Co., Ltd. ("Ruixi"), has signed a cooperation agreement
with Shanghai Jitu Information Technology Co., Ltd. ("Jitu"), a
cooperator of Ctrip.com International, Limited (NASDAQ: CTRP). The
agreement allows Jinkailong to provide auto transaction and
financing services for drivers who participate in Jitu's intercity
ride-hailing platform in Sichuan
Province. Jinkailong expects to provide transaction and
financing services for up to 100 drivers in 2019, as a backdrop to
Jitu expanding its intercity ride-hailing program in Sichuan Province.
Xi Wen, Chairman, Chief Executive
Officer and President of Senmiao, commented, "through partnerships
with leading ride-hailing and ride-sharing platforms such as Didi
and Jitu, Jinkailong offers a path for participating in the booming
Chinese ride-hailing and ride-sharing market. We look forward to
this partnership with Jitu growing and bearing fruit in 2019 and
beyond."
About Senmiao
Headquartered in Chengdu,
Sichuan Province, Senmiao operates
an online lending platform, www.ihongsen.com, which connects
Chinese investors with individual and small-to-medium-sized
enterprise borrowers. Senmiao also owns a majority interest in a
Chinese automobile financial leasing company offering facilitation,
purchase services, management, guarantee and other automobile
transaction services. For more information about the Company,
please visit: http://ir.ihongsen.com/index.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning the
Chinese online P2P industry, the development of the Company's
automobile transaction and financing services and the Chinese
vehicle financial leasing market, and the Company's plans,
objectives, goals, strategies, and performance, as well as the
assumptions such statements and other statements that are not
statements of historical facts. When the Company uses words such as
"may," "will," "intend," "should," "believe," "expect,"
"anticipate," "project," "estimate" or similar expressions that do
not relate solely to historical matters, it is making
forward-looking statements. Forward-looking statements
are not guarantees of future performance and involve risks and
uncertainties that may cause actual results to differ materially
from the Company's expectations, including, but not limited to,
risks and uncertainties relating to the following: the risk
that the anticipated growth of the Company's automobile transaction
and financing services may not be realized; the Company's future
business development; product and service demand and acceptance;
changes in technology; economic conditions; reputation and brand;
the impact of competition and pricing; the impact of government
regulations; fluctuations in general economic and business
conditions in China and other
risks expressed in reports filed by the Company with the U.S.
Securities and Exchange Commission. For these reasons,
among others, investors are cautioned not to place undue reliance
on any forward-looking statements. The Company's filings with the
U.S. Securities and Exchange Commission are available for review
at www.sec.gov. The Company undertakes no obligation
to publicly revise any forward‐looking statements to
reflect changes in events or circumstances.
For more information, please contact:
At the Company:
Julie Zhu
Email: julie@ihongsen.com
Phone: +86-181-9085-0098
Investor Relations:
Tony Tian,
CFA
Weitian Group LLC
Email: ttian@weitianco.com
Phone: +1-732-910-9692
View original
content:http://www.prnewswire.com/news-releases/senmiao-technology-cooperates-with-ctrip-subsidiary-in-sichuan-province-300812198.html
SOURCE Senmiao Technology Limited