Company: SDAWW
Filing Date: 2025-05-21
Form Type: 6-K
Source: 0001213900-25-046449
Chunk: 33

Company: SunCar Technology Group Inc.
Filing Date: 2025-05-21
Form: 6-K
Chunk 33
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 31, 2025 and through the issuance
date of these consolidated financial statements.

Capital commitments

The Group’s capital commitments primarily
relate to commitments on purchase of other cloud infrastructure. Total capital commitment contracted but not yet reflected in the consolidated
financial statements as of March 31, 2025 was $, which was expected to be paid within year.

| 18. | SUBSEQUENT EVENTS |

The Company has evaluated the impact of events
that have occurred subsequent to March 31, 2025, through the issuance date, May 21, 2025, of the consolidated financial statements, except
for the events mentioned below, the Company did not identify any other subsequent events occurred that would require recognition in the
consolidated financial statements or disclosure in the notes to the consolidated financial statements.

In an arbitration that took place in New York
involving GEM Global Yield LLC SCS and GEM Yield Bahamas Limited (collectively, “GEM”) that sought monetary damages against
Auto Services Group Limited (“ASGL”) concerning an alleged breach of contractual obligations, the arbitration tribunal issued
an award at the end of April, 2025 (the “Award”). The Award requires ASGL to pay GEM $ million plus simple interest at
% per annum. GEM filed an application to convert the Award to a money judgment on May 9, 2025, which is currently pending enforcement.

F-26 OPERATING AND FINANCIAL REVIEW AND PROSPECTS A. Operating Results You should read the following discussion and analysis of our financial condition and results of operations in conjunction with our unaudited condensed consolidated financial statements and the related notes included elsewhere in Form 6-K. This discussion contains forward-looking statements that involve risks and uncertainties. Our actual results and the timing of events could differ materially from those anticipated in these forward-looking statements as a result of various factors, including those set forth under “Risk Factors” and elsewhere in the Form 20-F for the year ended December 31, 2024. Business Overview We are a leading provider of cloud and mobile app-based auto eInsurance services, technology services, and auto services in China. We generate revenue from selling our auto eInsurance services, technology services, and auto services. For our auto eInsurance business, we facilitate the sale of auto insurance products underwritten by major insurance companies in China. We receive commissions from these insurance companies which are typically a percentage of the premium paid by the policy holder. We implement, automate, and