{"url_path":"/sec/aihs/10-q/2026/item-4","section_key":"item-4","section_title":"Item 4 Controls and Procedures.","topic":"sec","document":{"doc_type":"10-Q/A","doc_date":"2026-06-30","source_url":"https://www.sec.gov/Archives/edgar/data/1711012/0001213900-26-073678-index.html","accession_number":"0001213900-26-073678","cik":"0001711012","ticker":"AIHS","issuer_name":"Senmiao Technology Ltd","edgar_url":"https://www.sec.gov/Archives/edgar/data/1711012/0001213900-26-073678-index.html","primary_entity_key":"0001711012","primary_entity_name":"Senmiao Technology Ltd"},"word_count":324,"has_tables":true,"body_markdown":"Item 4. Controls and Procedures.\n\n \n\nEvaluation of Disclosure Controls and Procedures\n\n \n\nBased on an evaluation of\nour disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934, as amended),\nas of December 31, 2025, our Chief Executive Officer and Chief Financial Officer have concluded that our disclosure controls and procedures\nwere not effective due to the following material weaknesses in our internal control over financial reporting:\n\n \n\n \n●\nWe did not have sufficient personnel with appropriate levels of accounting\nknowledge and experience to address complex U.S. GAAP accounting issues and to prepare and review financial statements and related disclosures\nunder U.S. GAAP. Specifically, our control did not operate effectively to ensure the appropriate and timely analysis of and accounting\nfor unusual and non-routine transactions and certain financial statement accounts;\n\n \n\n \n●\nWe are lacking adequate policies and procedures in internal audit function to ensure that our policies and procedures have been carried out as planned; and\n\n \n\n \n●\nWe had deficiencies in our IT general controls regarding to the Logical Access Security, Change Management, IT Operations and Cybersecurity of our financial system, etc.\n\n \n\nWe are improving our IT environment\nand daily management to ensure network and information security. In addition, we plan to address the weaknesses identified above by implementing\nthe following measures:\n\n \n\n \n(i)\nContinuously hiring additional accounting staffs with comprehensive knowledge of U.S. GAAP and SEC reporting requirements;\n\n \n\n \n(ii)\nSetting up an internal\naudit function and continuously ameliorating our internal audit to assist with assessment of Sarbanes-Oxley compliance requirements\nand improvement of internal controls related to financial reporting; and\n\n \n\n \n(iii)\nimproving our IT environment and daily management.\n\n \n\nChanges in Internal Control over Financial Reporting\n\n \n\nThere has been no change\nin our internal control over financial reporting that occurred during the quarter ended December 31, 2025 that has materially affected,\nor is reasonably likely to materially affect, our internal control over financial reporting.\n\n \n\n58\n\n \n\n \n\nPART II – OTHER INFORMATION"}