Item 5. Market for Registrant’s Common Equity
Item 5. 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.”
Holders
Based upon information furnished
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.
Dividends
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
None.
Recent Sales of Unregistered Securities
None.
Use of Proceeds
Not applicable.
Item 6. [Reserved]
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