Company: SDAWW
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001213900-25-036086
Chunk: 132

Company: SunCar Technology Group Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 5
Chunk 132
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 the Insurance Law and the amended Provisions
on the Supervision of Professional Insurance Agencies in 2015, which effectively eliminated the requirement for salespersons to pass the
qualification examination organized by the CBIRC and obtain a qualification certificate for providing insurance referral services. In
addition, the rise of the internet and smart phones also prompted us to explore alternative marketing methods. Consequently, we redefined
our marketing strategies after 2015 to focus on external insurance sales partners connected through our digital platform to our online
insurance interface.

We engage external insurance
sales partners to assist us in promoting the services and products we intermediate, refer potential insurance policy purchasers to us
and help facilitate our transaction process. Depending on the nature of our external insurance sales partners, they may use a variety
of means to achieve this, such as displaying our advertisements on their websites or billboards and sign-posts in their business premises,
utilizing our digital platform and online insurance interface to provide information about the insurance products we facilitate to potential
insurance purchasers, and conveying the potential purchase intention of their customers to us.

Transaction Process
and Our Online Insurance Interface

Our proprietary technologies
enable our in-house operation staff and external insurance sales partners to serve end consumers conveniently throughout the transaction
process. We embed such technologies in our online insurance interface used by our external insurance sales partners. Our proprietary insurance
app is designed to allow our external insurance sales partners to help potential insurance purchasers obtain accurate real-time insurance
premium quotes and make the shopping process efficient and convenient for our end consumers. Our external insurance sales partners guide
insurance purchasers through the selection and application process via the insurance app. Potential insurance purchasers can obtain insurance
premium quotes, submit insurance applications and generally receive the relevant insurance company’s underwriting decisions from
our online insurance interface, which automatically interacts with the systems of the insurance companies that we collaborate with. In
addition, our external insurance sales partners may contact our online client service personnel through our online insurance interface
or call them directly to get further help or information for potential insurance purchasers.

Our referral service providers,
external registered sales representatives and channel partners are primarily registered users of our online insurance interface and end
consumers only access our online insurance interface through our external insurance sales partners. For convenience of services, our channel
partners such as EV OEM may register multiple accounts for their employees and stores. These registered users utilized our online insurance
interface frequently and assisted end consumers to obtain over 35 million and over 27 million times insurance premium quotes through our
online insurance interface annually