Company: SDAWW
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001213900-25-036086
Chunk: 154

Company: SunCar Technology Group Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 10
Chunk 154
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 deemed to be varied by the creation or issue of further shares ranking pari passuwith such existing class of
shares.

Inspection of Books
and Records. Holders of SunCar Ordinary Shares have no general right under Cayman Islands law to inspect or obtain copies of SunCar’s
list of shareholders or its corporate records. (other than the memorandum and articles of association, the register of mortgages and charges
and any special resolutions passed by shareholders). Under Cayman Islands law, the names of our current directors can be obtained from
a search conducted at the Registrar of Companies in the Cayman Islands. However, SunCar will provide its shareholders with annual audited
financial statements. See “ Where You Can Find Additional Information.”

Issuance of Additional
Shares. SunCar’s Memorandum and Articles of Association authorize its Board of Directors to issue additional ordinary shares
from time to time as its Board of Directors shall determine, to the extent of available authorized but unissued shares.

SunCar’s Memorandum
and Articles of Association also authorize its Board of Directors to establish from time to time one or more series of preferred shares
and to determine, with respect to any series of preferred shares, the terms and rights of that series, including:

  the designation of the series;                                              
  the number of shares of the series;                                         
  the dividend rights, dividend rates, conversion rights, voting rights; and  
  the rights and terms of redemption and liquidation preferences.             

SunCar’s Board of Directors
may issue preferred shares without action by its shareholders to the extent authorized but unissued. Issuance of these shares may dilute
the voting power of holders of ordinary shares.

Anti-Takeover Provisions. Some provisions of SunCar’s Memorandum and Articles of Association may discourage, delay or prevent a change of control
of SunCar or management that shareholders may consider favorable, including provisions that authorize SunCar’s Board of Directors
to issue preferred shares in one or more series and to designate the price, rights, preferences, privileges and restrictions of such preferred
shares without any further vote or action by its shareholders.

Exempted Company. SunCar
is an exempted company with limited liability under the Companies Act. The Companies Act distinguishes between ordinary resident companies
and exempted companies. Any company that is registered in the Cayman Islands but conducts business mainly outside the Cayman Islands may
apply to be registered as an exempted company. The requirements for an exempted company are essentially the same as