Senmiao Technology Limited Engages Strategic Advisory Firm to Support Government Relations and Strategic Advisory Efforts

Senmiao Technology Limited announced today that it has engaged a government relations and strategic advisory firm, to provide government relations and strategic advisory services in support of the Company's AI data center (AIDC) business. The engagement is effective August 2, 2026. Under the engagement, Mr. Justin Evans will support the Company with government meeting attendance and briefings, strategic introductions to town, county and state officials, identification and pursuit of applicable economic development incentives (including FILOT and tax credit programs), and ongoing advisory support on local political dynamics, stakeholder positioning and communications strategy. The engagement is not limited to any single project or jurisdiction; will support the Company's site development and government relations efforts across multiple states and, as opportunities arise, in international markets as the Company expands its footprint. Mr. Evans, who leads the engagement, brings two decades of experience in economic development, site development and government relations, guiding corporations and institutions through the incentive qualification, permitting and stakeholder processes that determine whether major capital projects are delivered. He founded and led Evans Public Affairs, an independent public affairs practice he built and ran for more than a decade advising corporate, institutional and entertainment-industry clients. Mr. Evans's project experience includes serving as lead government relations advisor supporting the establishment of a $150 million+ high-tech solar cell manufacturing facility in Spartanburg County, South Carolina — coordinating municipal infrastructure, workforce development partnerships and state and local incentive qualification — and supporting the establishment of a $60 million solar panel manufacturing plant in North Las Vegas, Nevada, in each case taking a lead role on permitting, incentives and government stakeholder engagement. For more than a decade, he has also partnered on historic preservation and adaptive reuse real estate development projects, structuring layered public-private financing combining federal and state historic tax credits, New Markets Tax Credits and related economic development tools. Site selection, power procurement, permitting, incentive qualification, and community and government support are among the principal determinants of whether an AI data center project can be delivered. AIHS engaged Mr. Evans to strengthen the Company's capabilities in these areas as it advances its AIDC business, including its Nebula Matrix AI LLC joint venture platform with Constant Energy Construction Corp. (“CECC”). Ronggang (Jonathan) Zhang, Chairman and Chief Executive Officer of AIHS, stated, “Building AI data centers in the United States is as much about land, power, permitting and local support as it is about capital and engineering. Justin has spent his career navigating precisely those environments at the state and local level, and he pairs that with a serious commercial track record. As we advance our AIDC business, including Nebula Matrix AI, this is exactly the capability we need alongside our development and construction partners.” Mr. Evans stated, “Projects like these are won or lost at the state and local level — in council chambers, permitting offices and utility interconnection queues — long before the first...