Senmiao Technology Ltd 10-K

Item 2. Properties We currently maintain our principal executive office at 16F, Shihao Square, Middle Jiannan Blvd., High-Tech Zone, Chengdu, Sichuan, People’s Republic of China 610000, comprising an aggregate of 143 square meters under a lease agreement that expires on June 30, 2024. The cost for the office is approximately $1,520 per month in aggregate. The Company previously entered into two office lease agreements in the same building, comprising an aggregate of 965 square meters with a monthly rental cost of approximately $10,700. The leasing term was from April 1, 2023 to March 31, 2026 while such lease was terminated in December 2023. We maintain another office for our Automobile Transaction and Related Services and Online Ride-hailing Platform Services in the city of Changsha, China, comprising an aggregate of 650 square meters. We lease the office for a monthly rent of approximately $3,700 under a lease agreement that expires in May 2025. We also lease a parking lot for automobiles and an exhibition hall in Changsha, with total areas of 2,500 square meters. The monthly rent for the parking lot and the exhibition hall is approximately $1,400 and approximately $1,800, respectively. We consider our current facilities adequate for our current operations.