Company: SDAWW
Filing Date: 2025-02-04
Form Type: 6-K
Source: 0001213900-25-010076
Chunk: 38

Company: SunCar Technology Group Inc.
Filing Date: 2025-02-04
Form: 6-K
Chunk 38
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 |                           |  1,721 |    |     |      |      79 |    |
| Adjusted EBITDA                 |     | $                         |  3,144 |    |     | $    |   8,194 |    |
| Net loss Margin                 |     |                           |   (1.9 | )% |     |      |   (19.7 | )% |
| Adjusted EBITDA Margin          |     |                           |    1.3 | %  |     |      |     2.6 | %  |

| (1) | Non-cash expense related to compensation costs for equity 
 classified awards (both for the subsidiary and the Group) |

| (2) | Includes non-recurring transaction related fees and expenses                               
 associated with the Company’s Business Combination and prior and subsequent capital raises |

8 Taxation Cayman Islands Under the current laws of the Cayman Islands, we are not subject to tax on income or capital gain. Additionally, upon payments of dividends to the shareholders, no Cayman Islands withholding tax will be imposed. British Virgin Islands Our subsidiaries incorporated in the BVI are not subject to taxation in the British Virgin Islands. Hong Kong According to Tax (Amendment) (No. 3) Ordinance 2018 published by Hong Kong government, form April 1, 2018, under the two-tiered profits tax rates regime, the profits tax rate for the first HKD2 million of assessable profits will be lowered to 8.25% (half of the rate specified in Schedule 8 to the Inland Revenue Ordinance (IRO)) for corporations, and the remaining profits will continue to be taxed at the existing tax rate, 16.5%. No provision for Hong Kong profits tax had been made to China Auto Market Group Ltd., a subsidiary of us, during the nine months ended September 30, 2023 and 2024 as it did not have assessable profit during the periods presented. PRC Generally, our subsidiaries, which are considered PRC resident enterprises under PRC tax law, are subject to enterprise income tax on their worldwide taxable income as determined under PRC tax laws and accounting standards at a rate of 25%. According to Taxation [2019] No. 13 which was effective from January 1, 2019 to December 31, 2021 and Taxation [2021] No. 12 which was effective from January 1, 2021