Company: SDAWW
Filing Date: 2025-02-04
Form Type: 6-K
Source: 0001213900-25-010076
Chunk: 26

Company: SunCar Technology Group Inc.
Filing Date: 2025-02-04
Form: 6-K
Chunk 26
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classified the balance to non-current portion after the extension.   During the nine months ended September 30, 2024, the Group repaid the debt owned to Shengda Group through transfer of shares of SunCar Online at an aggregate amount of $6.2 million. The non-cash gains from the difference of repurchase price and transfer price of $4.5 million were charged to additional-paid-in capital for Shengda Group and the Group were under common control. |

| (2) | Other payables were for the ordinary course of operation, which were interest free, unsecure and could be settled on demand. |

|                                                       |     | For the nine months ended 
             September 30, |     |     |      |       |
|                                                       |     |                      2023 |     |     | 2024 |       |
| Amount paid by a related party on behalf of the Group |     |                           | 167 |     |      | 1,111 |
| Accrued interests of amount due to Shengda Group      |     |                           | 134 |     |      |   216 |
| Repayments of payables to Shengda Group               |     |                           |   - |     |      | 6,202 |

F-22

15. CONCENTRATION RISK

Financial instruments that potentially expose
the Group to concentrations of credit risk consist primarily of accounts receivable. The Group conducts credit evaluations of its customers,
and generally does not require collateral or other security from them. The Group evaluates its collection experience and long outstanding
balances to determine the need for an allowance for credit losses. The Group conducts periodic reviews of the financial condition and
payment practices of its customers to minimize collection risk on accounts receivable.

|                                         |     | For the nine months ended 
             September 30, |    |   |     |      |    |   |
|                                         |     |                      2023 |    |   |     | 2024 |    |   |
| Percentage of the Group’s total revenue |     |                           |    |   |     |      |    |   |
| Customer A                              |     |                           | 19 | % |     |      | 14 | % |
| Customer B                              |     |                           | 18 | % |     |      | 20 | % |
| Customer C                              |     |                           | 10 | % |     |      | 16 | % |

|