Company: SDAWW
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001213900-25-036086
Chunk: 158

Company: SunCar Technology Group Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 10
Chunk 158
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essment of
the nature of the equity transfer. A reasonable commercial purpose may be established when the overall offshore structure is set up to
comply with the requirements of supervising authorities of international capital markets. If the State Administration of Taxation’s
challenge of a transfer is successful, they will deny the existence of the offshore holding company that is used for tax planning purposes.
Since Circular 698 has a brief history, there is uncertainty as to its application.

F. Dividends and Paying Agents

The
Company has never declared or paid any cash dividends and has no plan to declare or pay any dividends on Ordinary Shares in the foreseeable
future. The Company currently intends to retain any earnings for future operations and expansion.

G. Statement by Experts

Not
applicable.

H. Documents on Display

We
are subject to certain of the informational filing requirements of the Exchange Act. Since we are a “foreign private issuer,”
our officers, directors and principal shareholders are exempt from the reporting and “short-swing” profit recovery provisions
contained in Section 16 of the Exchange Act, with respect to their purchase and sale of our equity securities. In addition, we are not
required to file reports and financial statements with the SEC as frequently or as promptly as U. S. companies whose securities are registered
under the Exchange Act. However, we are required to file with the SEC an Annual Report on Form 20-F containing financial statements audited
by an independent accounting firm. We will also furnish to the SEC, on Form 6-K, unaudited financial information with respect to our first
two fiscal quarters. Information filed with or furnished to the SEC by us will be available on our website. On March 30, 2023, the Company
and GBRG furnished to its shareholders a proxy statement/prospectus relating to the Business Combination. The SEC also maintains a website
at http://www. sec. gov that contains reports and other information that we file with or furnish electronically with the SEC.

I. Subsidiary Information

Not
applicable.

ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK