Company: SDAWW
Filing Date: 2025-02-06
Form Type: 424B5
Source: 0001213900-25-010989
Chunk: 86

Company: SunCar Technology Group Inc.
Filing Date: 2025-02-06
Form: 424B5
Chunk 86
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 Cayman Islands exempted company and its affairs are governed by the memorandum and articles of association, as amended and restated
from time to time, and Companies Act (As Revised) of the Cayman Islands, which we refer to as the “Companies Act” below, and
the common law of the Cayman Islands.

General.The authorized share capital
of SunCar is $50,000 divided into 500,000,000 Ordinary Shares of par value of $0.0001 each, comprising (a) 400,000,000 Class A Ordinary
Shares of par value of US$0.0001 each and (b) 100,000,000 Class B Ordinary Shares of par value of $0.0001 each. Holders of Class A Ordinary
Shares and Class B Ordinary Shares have the same rights except for voting and conversion rights. All of SunCar’s issued and outstanding
Ordinary Shares are fully paid and non-assessable. Certificates representing the Ordinary Shares are issued in registered form. SunCar
may not issue share to bearer. SunCar’s shareholders who are non-residents of the Cayman Islands may freely hold and transfer their
Ordinary Shares.

Dividends.The holders of SunCar’s
Ordinary Shares are entitled to such dividends as may be declared by its Board of Directors subject to its Memorandum and Articles of
Association and the Companies Act. In addition, SunCar’s shareholders may by ordinary resolution declare a dividend, but no dividend
may exceed the amount recommended by its directors. SunCar’s Memorandum and Articles of Association provide that dividends may be
declared and paid out of SunCar’s profits, realized or unrealized, or from any reserve set aside from profits which its Board of
Directors determines is no longer needed. Dividends may also be declared and paid out of share premium account or any other fund or account
which can be authorized for this purpose in accordance with the Companies Act. No dividend may be declared and paid unless SunCar’s
directors determine that, immediately after the payment, SunCar will be able to pay its debts as they become due in the ordinary course
of business and SunCar has funds lawfully available for such purpose. Holders of SunCar Class A Ordinary Shares and SunCar Class B Ordinary
Shares will be entitled to the same amount of dividends, if declared.

Voting Rights.In respect of all
matters subject to a shareholder’s vote, each SunCar Class A Ordinary Share is entitled to