What changed in this filing

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Item 5. Market for Registrant’s Common Equity

2026-06-30 compared with 2025-07-10 · 43 added, 37 removed, 2 unchanged (98% of the section changed)

Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities

common stock trades on the Nasdaq Capital Market under the symbol “AIHS.”

Market for Registrant’s Common Equity, Related Stockholder

Matters, and Issuer Purchases of Equity Securities

Market Information

Our common stock trades

on the Nasdaq Capital Market under the symbol “AIHS.”

Based upon information furnished

by our transfer agent, as of July 7, 2025, the Company had approximately 33 stockholders of record.

Because some of our common stock is

held by brokers and other institutions on behalf of stockholders, we are unable to estimate the total number of stockholders represented

by our transfer agent, as of June 26, 2026, the Company had approximately 49 stockholders of record.

Because some of our common stock

is held by brokers and other institutions on behalf of stockholders, we are unable to estimate the total number of stockholders represented

by these record holders.

have never declared or paid cash dividends on our shares.

Nor do we have any present plan to pay any cash dividends on our common stock

in the foreseeable future.

We currently intend to retain most, if not all, of our available funds and any future earnings to operate

and grow our business.

board of directors has the discretion to declare and pay dividends in the future as we are a holding company and we rely on dividends

and other distributions on equity paid by our PRC subsidiaries for our cash and financing requirements, including the funds necessary

to pay dividends and other cash distributions to our stockholders and service any debt we may incur.

The Foreign Investment Law, and

the Company Law of the PRC (2006), as amended, contain the principal regulations governing dividend distributions by wholly foreign owned

Under these regulations, wholly foreign owned enterprises may pay dividends only out of their accumulated profits, if any,

determined in accordance with PRC accounting standards and regulations.

Additionally, such companies are required to set aside 10% of

their after-tax profits of the year, if any, to statutory reserve funds until such time as the accumulated reserve funds reach and remain

above 50% of the registered capital amount.

These reserves are not distributable as cash dividends except in the event of liquidation

and cannot be used for working capital purposes.

A PRC company is not permitted to distribute any profits until any losses from prior

fiscal years have been offset.

Profits retained from prior fiscal years may be distributed together with distributable profits from the

current fiscal year.

As of March 31, 2025, the total respective registered capital of all the Company’s direct subsidiaries was

approximately RMB515 million (approximately $71.0 million).

And as of March 31, 2025, most of the Company’s subsidiaries incorporated

in the PRC have suffered accumulated loss and the Company concluded none of subsidiaries has ability to transfer a portion of their net

assets to the Company either in the form of dividends, loans or advances.

if our subsidiaries and affiliates in China incur debt on their own in the future, the instruments governing the debt may restrict its

ability to pay dividends or make other payments.

If we or our subsidiary and affiliates are unable to receive all of the revenues from

our operations through the current contractual arrangements, we may be unable to pay dividends on our common stock.

of Our Equity Securities

Sales of Unregistered Securities

We have never declared or

paid cash dividends on our shares.

Nor do we have any present plan to pay any cash dividends on our common stock in the foreseeable future.

We currently intend to retain most, if not all, of our available funds and any future earnings to operate and grow our business.

Our board of directors has the discretion to declare and pay dividends

in the future as we are a holding company and we rely on dividends and other distributions on equity paid by our PRC subsidiary for our

cash and financing requirements, including the funds necessary to pay dividends and other cash distributions to our stockholders and service

any debt we may incur.

The Foreign Investment Law, and the Company Law of the PRC (2006), as amended, contain the principal regulations

governing dividend distributions by wholly foreign owned enterprises.

Under these regulations, wholly foreign owned enterprises may pay

dividends only out of their accumulated profits, if any, determined in accordance with PRC accounting standards and regulations.

Additionally,

such companies are required to set aside 10% of their after-tax profits of the year, if any, to statutory reserve funds until such time

as the accumulated reserve funds reach and remain above 50% of the registered capital amount.

These reserves are not distributable as

cash dividends except in the event of liquidation and cannot be used for working capital purposes.

A PRC company is not permitted to distribute

any profits until any losses from prior fiscal years have been offset.

Profits retained from prior fiscal years may be distributed together

with distributable profits from the current fiscal year.

As of March 31, 2026, the Company has only one subsidiary, Hunan Ruixi, incorporated

in the PRC, with total registered capital of $10.0 million.

As of March 31, 2026, this subsidiary has incurred accumulated losses, and

the Company has concluded that the subsidiary is unable to remit any portion of its net assets to the Company by way of dividends, intercompany

loans or advances.

Furthermore, if our subsidiary

and affiliates in China incur debt on their own in the future, the instruments governing the debt may restrict its ability to pay dividends

or make other payments.

If we or our subsidiary and affiliates are unable to receive all of the revenues from our operations through

the current contractual arrangements, we may be unable to pay dividends on our common stock.

Purchases of Our Equity Securities

Recent Sales of Unregistered Securities

Use of Proceeds

Not applicable.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity