Company: SDAWW
Filing Date: 2025-02-06
Form Type: 424B5
Source: 0001213900-25-010989
Chunk: 89

Company: SunCar Technology Group Inc.
Filing Date: 2025-02-06
Form: 424B5
Chunk 89
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 compliance
with any notice required of the Nasdaq, be suspended and the register closed at such times and for such periods as SunCar’s Board
of Directors may from time to time determine, provided, however, that the registration of transfers shall not be suspended
nor the register closed for more than 30 days in any year as SunCar’s board may determine.

Liquidation.On a return of capital
on winding up or otherwise (other than on conversion, redemption or purchase of Ordinary Shares), if the assets available for distribution
amongst SunCar’s shareholders shall be more than sufficient to repay the whole of the share capital at the commencement of the winding
up, the surplus shall be distributed amongst SunCar’s shareholders in proportion to the par value of the shares held by them at
the commencement of the winding up, subject to a deduction from those shares in respect of which there are monies due, of all monies payable
to SunCar for unpaid calls or otherwise. If SunCar’s assets available for distribution are insufficient to repay all of the paid-up
capital, the assets will be distributed so that the losses are borne by SunCar’s shareholders in proportion to the par value of
the shares held by them. Any distribution of assets or capital to a holder of Ordinary Share will be the same in any liquidation event.
Any distribution of assets or capital to a holder of a SunCar Class A Ordinary Share and a holder of a SunCar Class B Ordinary Share will
be the same in any liquidation event.

Redemption, Repurchase and Surrender of Ordinary Shares.SunCar may issue shares on terms that such shares are subject to redemption, at SunCar’s option or at the
option of the holders thereof, on such terms and in such manner as may be determined, before the issue of such shares, by SunCar’s
Board of Directors or by a special resolution of SunCar’s shareholders. SunCar may also repurchase any of its shares provided that
the manner and terms of such purchase have been approved by its Board of Directors or are otherwise authorized by its Memorandum and Articles
of Association. Under the Companies Act, the redemption or repurchase of any share may be paid out of SunCar’s profits or out of
the proceeds of a fresh issue of shares made for the purpose of such redemption or repurchase, or out of capital (including share premium
account and capital redemption reserve) if the company can, immediately following such payment, pay its debts as they fall due in the
ordinary