Company: SDAWW
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001213900-25-036086
Chunk: 167

Company: SunCar Technology Group Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 16G
Chunk 167
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Item 16G. – Corporate Governance

in this Report.

Committees of SunCar’s Board of Directors

SunCar has established an
Audit Committee, a Compensation Committee and a Nominating and Corporate Governance Committee of its Board of Directors. SunCar has also
adopted a charter for each of the three committees. Each committee’s members and functions are described below.

Audit Committee. SunCar’s
Audit Committee consists of Lin Bao, Yongsheng Liu and Haidong Zhang, and is chaired by Lin Bao. SunCar has determined that each of the
foregoing persons satisfies the “independence” requirements of Rule 5605(c)(2) of the Listing Rules of the Nasdaq and meets
the independence standards under Rule 10A-3 under the Exchange Act, as amended. The Audit Committee oversees SunCar’s accounting
and financial reporting processes and the audits of its financial statements. The Audit Committee is responsible for, among other things:

  establishing clear hiring policies for employees or former employees of the independent auditors;                                                                                                     
  reviewing and recommending to SunCar’s Board of Directors for approval, the appointment, re-appointment or removal of the independent auditor, after considering its annual performance evaluatio...  
  approving the remuneration and terms of engagement of the independent auditor and pre-approving all auditing and non-auditing services permitted to be performed by SunCar’s independent auditors...  
  obtaining a written report from SunCar’s independent auditor describing matters relating to its independence and quality control procedures;                                                          
  reviewing with the independent registered public accounting firm any audit problems or difficulties and management’s response;                                                                        
  discussing with SunCar’s independent auditor, among other things, the audits of the financial statements, including whether any material information should be disclosed, issues regarding accoun...  
  reviewing and approving all proposed related party transactions, as defined in Item 404 of Regulation S-K under the Securities Act;                                                                   
  reviewing and recommending the financial statements for inclusion within SunCar’s quarterly earnings releases and to its Board of Directors for inclusion in its annual reports;                      
  discussing the annual audited financial statements with management and the independent registered public accounting firm;                                                                             
  reviewing policies with respect to risk assessment and risk management;                                                                                                                               
  reviewing the adequacy and effectiveness of SunCar’s accounting and internal control policies and procedures and any special steps taken to monitor and control major financial risk exposures;       
  periodically reviewing and reassessing the adequacy of the committee charter