Company: SDAWW
Filing Date: 2025-02-06
Form Type: 424B5
Source: 0001213900-25-010989
Chunk: 88

Company: SunCar Technology Group Inc.
Filing Date: 2025-02-06
Form: 424B5
Chunk 88
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 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 of Directors may, in its
absolute discretion, decline to register any transfer of any Ordinary Share which is not fully paid up or on which SunCar has a lien.
SunCar’s Board of Directors may also decline to register any transfer of any Ordinary Share unless:

| ● | the instrument of transfer is lodged with us, accompanied by the certificate for the Ordinary Shares to which it relates and such other evidence as SunCar’s Board of Directors may reasonably require to show the right of the transferor to make the transfer; |
| ● | the instrument of transfer is in respect of only one class of shares;                                                                                                                                                                                            |
| ● | the instrument of transfer is properly stamped, if required;                                                                                                                                                                                                     |
| ● | in the case of a transfer to joint holders, the number of joint holders to whom the Ordinary Share is to be transferred does not exceed four; and                                                                                                                |
| ● | a fee of such maximum sum as the Nasdaq may determine to be payable or such lesser sum as SunCar’s directors may from time to time require is paid to SunCar in respect thereof.                                                                                 |

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If SunCar’s directors refuse to register
a transfer they shall, within two months after the date on which the instrument of transfer was lodged, send to each of the transferor
and the transferee notice of such refusal.

The registration of transfers may, after