Company: SDAWW
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001213900-25-036086
Chunk: 153

Company: SunCar Technology Group Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 10
Chunk 153
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 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 course of business. In addition, under the Companies Act no such share may be redeemed or repurchased (a) unless it
is fully paid up, (b) if such redemption or repurchase would result in there being no shares outstanding, or (c) if the company has commenced
liquidation. In addition, SunCar may accept the surrender of any fully paid share for no consideration.

Variations of Rights
of Shares. If at any time SunCar’s share capital is divided into different classes or series of shares, the rights attached
to any class or series of shares (unless otherwise provided by the terms of issue of the shares of that class or series), whether or not
SunCar is being wound-up, may be varied with the consent in writing of a majority the holders of the issued shares of that class or series
or with the sanction of an ordinary resolution at a separate meeting of the holders of the shares of the class or series. The rights conferred
upon the holders of the shares of any class issued shall not, unless otherwise expressly provided by the terms of issue of the shares
of that class, be