Company: SDAWW
Filing Date: 2025-12-22
Form Type: 6-K
Source: 0001213900-25-124170
Chunk: 48

Company: SunCar Technology Group Inc.
Filing Date: 2025-12-22
Form: 6-K
Chunk 48
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” and has been entitled to a preferential tax rate of 15% since 2018, and successfully renewed the qualification in December 2021 and December 2024, which would be effective for 3 years. Dividends paid by its wholly foreign-owned subsidiaries in China to its intermediary holding companies in Hong Kong will be subject to a withholding tax rate of 10%, unless they qualify for a special exemption. If its intermediary holding companies in Hong Kong satisfy all the requirements under the Arrangement between Mainland China and the Hong Kong Special Administrative Region for the Avoidance of Double Taxation and Tax Evasion on Income and receive approval from the relevant tax authority, then dividends paid to them by its wholly foreign-owned subsidiaries in China will be subject to a withholding tax rate of 5% instead. If our holding company in the Cayman Islands or any of its subsidiaries outside of China were deemed to be a “resident enterprise” under the Enterprise Income Tax Law, it would be subject to enterprise income tax on its worldwide income at a rate of 25%. Liquidity and Capital Resources

|                                                     |     | For the nine months ended September 30, 
 2024                                    
 (in thousands)                          |         |   |     | 2025 |         |   |
|:----------------------------------------------------|:----|:----------------------------------------|--------:|:--|:----|:-----|--------:|:--|
| Net cash provided by (used in) operating activities |     | $                                       |   1,182 |   |     | $    | (11,072 | ) |
| Net cash used in investing activities               |     |                                         |  (9,792 | ) |     |      |  (9,013 | ) |
| Net cash (used in) provided by financing activities |     |                                         |  (2,325 | ) |     |      |  16,273 |   |
| Effect of exchange rate changes                     |     |                                         |     329 |   |     |      |     793 |   |
| Net decrease in cash and restricted cash            |     | $                                       | (10,606 | ) |     | $    |  (3,019 | ) |

Our principal sources of liquidity have been cash provided from bank borrowings and revenue generated from business operations. As of September 30, 2025, we had US$23.7 million in cash, and US$2.8 million restricted cash, of which US