AIHS - Senmiao provides Oct 2022 metrics for its ride-hailing platform

• Senmiao Technology ( NASDAQ: AIHS ) -6.7% Tuesday after it announced operating metrics for its online ride-hailing platform for October 2022.
• In Oct, Senmiao and its affiliates reported over 0.9M total completed orders, up 71.6% from over 0.5M total orders in Sept 2022, as a result of restrictions being lifted following their suspension in Chengdu in first half of Sept 2022.
• Since the launch of its online ride-hailing platform in Oct 2020, nearly 20.0M rides have been completed.
• Over 5.0M rides completed on the Major Platform since August 2021 and over 1.0M rides completed on Xiehua, Anma and Xiaoma since April 2022.
• Active drivers completing rides via its platforms in Oct 2022 was 7,574, up ~25.6% from 6,030 in Sept 2022.

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