Company: SDAWW
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001213900-25-036086
Chunk: 52

Company: SunCar Technology Group Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 3
Chunk 52
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 denied or rescinded. Although SunCar is currently not required to
obtain permission or approval from any of the PRC government and has not received any denial to list on the U. S. exchange, our operations
could be adversely affected, directly or indirectly, by existing or future laws and regulations relating to its business or industry.

Because our business is conducted in RMB
and the price of our ordinary shares is quoted in United States dollars, changes in currency conversion rates may affect the value of
your investments. Any significant revaluation of the RMB may materially and adversely affect our cash flows, revenue and financial condition.
Changes in the conversion rate between the United States dollar and the RMB will affect the amount of proceeds we will have available
for our business.

Our business is conducted
in the PRC, our books and records are maintained in RMB, which is the only lawful currency of the PRC, and the financial statements that
we file with the SEC and provide to our shareholders are presented in United States dollars. Changes in the exchange rate between the
RMB and dollar affect the value of our assets and the results of our operations in United States dollars. The value of the RMB against
the United States dollar and other currencies may fluctuate and is affected by, among other things, changes in the PRC’s political
and economic conditions and perceived changes in the economy of the PRC and the United States. Any significant revaluation of the RMB
may materially and adversely affect our cash flows, revenue and financial condition. Further, our ordinary shares offered by this Report
are offered in United States dollars, we will need to convert the net proceeds we receive into RMB in order to use the funds for our business.
Changes in the conversion rate between the United States dollar and the RMB will affect that amount of proceeds we will have available
for our business.

There remains significant
international pressure on the Chinese government to adopt a flexible currency policy to allow the Renminbi to appreciate against the U. S.
dollar. Significant revaluation of the Renminbi may have a material and adverse effect on your investment. Substantially all of our revenues
and costs are denominated in Renminbi. Any significant revaluation of Renminbi may materially and adversely affect our revenues, earnings
and financial position, and the value of, and any dividends payable on, our ordinary shares in U. S. dollars.

A significant depreciation
of the Renminbi against the U. S.