Company: SDAWW
Filing Date: 2025-10-27
Form Type: 6-K
Source: 0001213900-25-102611
Chunk: 10

Company: SunCar Technology Group Inc.
Filing Date: 2025-10-27
Form: 6-K
Chunk 10
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 the unaudited condensed consolidated financial statements:

|                                                 |     | As of December 31, |        |     | As of  June 30, |        |
|                                                 |     |               2024 |        |     |            2025 |        |
| Balance sheet items, except for equity accounts |     |                    | 7.2993 |     |                 | 7.1636 |

|                                                                                            |     | For the six months ended 
                 June 30, |        |     |      |        |
|                                                                                            |     |                     2024 |        |     | 2025 |        |
| Items in the statements of operations and comprehensive loss, and statements of cash flows |     |                          | 7.2150 |     |      | 7.2526 |

No representation is made that the RMB amounts could have been, or could be, converted into U.S. dollars at the rates used in translation.

F-11 SUNCAR TECHNOLOGY GROUP INC NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (In U.S. Dollar thousands, except share and per share data)

| (i). | Recent accounting pronouncements |

The Group is an “emerging growth company” (“EGC”) as defined in the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). Under the JOBS Act, EGC can delay adopting new or revised accounting standards issued subsequent to the enactment of the JOBS Act until such time as those standards apply to private companies.

In November 2023, the FASB issued ASU 2023-07, which modifies the disclosure and presentation requirements of reportable segments. The new guidance requires the disclosure of significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”) and included within each reported measure of segment profit and loss. In addition, the new guidance enhances interim disclosure requirements, clarifies circumstances in which an entity can disclose multiple segment measures of profit or loss, provides new segment disclosure requirements for entities with a single reportable segment, and contains other disclosure requirements. The update is effective for annual periods beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The Group has adopted ASU2023-07 for annual periods beginning from January 1, 2024 (See Note 3).

In December 2023, the F