Company: SDAWW
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001213900-25-036086
Chunk: 151

Company: SunCar Technology Group Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 10
Chunk 151
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 meeting, shall be an extraordinary general meeting. Shareholders’ annual general meetings and any other general
meetings of SunCar’s shareholders may be called by a majority of its Board of Directors or its chairman or, in the case of an extraordinary
general meeting only, upon a requisition of shareholders holding at the date of deposit of the requisition not less than one-third of
the votes attaching to the issued and outstanding shares entitled to vote at general meetings, in which case the directors are obliged
to call such meeting and to put the resolutions so requisitioned to a vote at such meeting; however, SunCar Memorandum and Articles of
Association do not provide its shareholders with any right to put any proposals before any annual general meetings or any extraordinary
general meetings not called by such shareholders. Advance notice of at least fifteen (15) days is required for the convening of SunCar’s
annual general meeting and other general meetings unless such notice is waived in accordance with its articles of association.

An ordinary resolution to
be passed at a meeting by the shareholders requires the affirmative vote of a simple majority of the votes attaching to the ordinary shares
cast by those shareholders entitled to vote who are present in person or by proxy at a general meeting, while a special resolution also
requires the affirmative vote of no less than two-thirds of the votes attaching to the ordinary shares cast by those shareholders entitled
to vote who are present in person or by proxy at a general meeting. A special resolution will be required for important matters such as
a change of name or making changes to SunCar’s Memorandum and Articles of Association.

Conversion. Each
SunCar Class B ordinary share is convertible into one SunCar Class A ordinary share at any time at the option of the holder thereof. SunCar
Class A ordinary shares are not convertible into SunCar Class B ordinary shares under any circumstances. Upon any sale, transfer, assignment
or disposition of SunCar Class B ordinary shares by a holder to any person or entity which is not an affiliate of such holder, such SunCar
Class B ordinary shares shall be automatically and immediately converted into the equivalent number of SunCar Class A ordinary shares.

Transfer of Ordinary
Shares. Subject to the restrictions in SunCar’s Memorandum and Articles of Association as set out below, any of SunCar’s
shareholders may transfer all or any of his or her ordinary shares by an instrument of transfer in the usual or common form or any other
form approved by SunCar’s Board of Directors.

SunCar’s Board