Company: SDAWW
Filing Date: 2025-02-06
Form Type: 424B5
Source: 0001213900-25-010989
Chunk: 96

Company: SunCar Technology Group Inc.
Filing Date: 2025-02-06
Form: 424B5
Chunk 96
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, but this is unlikely to succeed unless there is evidence of fraud, bad faith, collusion
or inequitable treatment of the shareholders.

Further, transactions similar to a merger, reconstruction
and/or an amalgamation may in some circumstances be achieved through means other than these statutory provisions, such as a share capital
exchange, asset acquisition or control, or through contractual arrangements of an operating business.

Shareholders’ Suits. Derivative actions have been brought in the Cayman Islands courts, and the Cayman Islands courts have confirmed the availability for such
actions. In most cases, we will be the proper plaintiff in any claim based on a breach of duty owed to us, and a claim against (for example)
our officer or directors usually may not be brought by a shareholder. However, based both on Cayman Islands authorities and on English
authorities, which would in all likelihood be of persuasive authority and be applied by a court in the Cayman Islands, exceptions to the
foregoing principle apply in circumstances in which:

| ● | a company is acting, or proposing                       
 to act, illegally or beyond the scope of its authority; |

| ● | the act complained of, although                                                                                                       
 not beyond the scope of the authority, could be effected if duly authorized by more than the number of votes which have actually been 
 obtained; or                                                                                                                          |

| ● | those who control the company               
 are perpetrating a “fraud on the minority.” |

A shareholder may have a direct right of action
against us where the individual rights of that shareholder have been infringed or are about to be infringed.

Special Considerations for Exempted Companies. We
are an exempted company with limited liability under the Companies Act. The Companies Act distinguishes between ordinary resident companies
and exempted companies. Any company that is registered in the Cayman Islands but conducts business mainly outside of the Cayman Islands
may apply to be registered as an exempted company. The requirements for an exempted company are essentially the same as for an ordinary
company except for the exemptions and privileges listed below:

| ● | an exempted company does not                                                       
 have to file an annual return of its shareholders with the Registrar of Companies; |

| ● | an exempted company’s                          
 register of members is not open to inspection; |

| ● | an exempted company does not            
 have to hold an annual general meeting; |

| ● | an exempted company may issue 
 shares with no par value;     |

| ● | an exempt