Company: SDAWW
Filing Date: 2025-12-22
Form Type: 6-K
Source: 0001213900-25-124170
Chunk: 51

Company: SunCar Technology Group Inc.
Filing Date: 2025-12-22
Form: 6-K
Chunk 51
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5, our Board of Directors authorized the $30 million share repurchase program, a measure aligned with the Company’s long-term growth strategy and its commitment to enhancing shareholder value. In the first three quarters of 2025, we repurchased 3,438,557 shares at an average price of $4.58 per share for a total of $15.8 million. We believe these repurchases represent an attractive use of capital given our strong growth profile and improving operational metrics. Net cash used in financing activities for the nine months ended September 30, 2024 was US$2.3 million, consisting primarily of US$79.9 million from short-term bank borrowings, and offset by repayments of short-term bank borrowings of US$80.6 million and repayments to related parties of US$1.7 million. Capital Expenditures Our capital expenditures are primarily incurred for the purchase of software and equipment, and the development of our Cloud Platform. Our capital expenditures were US$9.9 million and US$6.7 million, for the nine months ended September 30, 2024 and 2025, respectively. We intend to fund our future capital expenditures with our existing cash balance and bank borrowings. We will continue to incur capital expenditures as needed to meet the expected growth of our business. Off-Balance Sheet Commitments and Arrangements We have not entered into any financial guarantees or other commitments to guarantee the payment obligations of any third parties. In addition, we have not entered into any derivative contracts that are indexed to its shares and classified as shareholder’s equity or that are not reflected in its unaudited condensed consolidated financial statements. Furthermore, we do not have any retained or contingent interest in assets transferred to an unconsolidated entity that serves as credit, liquidity or market risk support to such entity. We do not have any variable interest in any unconsolidated entity that provides financing, liquidity, market risk or credit support to it or engages in leasing, hedging or product development services with it. Tabular Disclosure of Contractual Obligations The following table sets forth our contractual obligations as of September 30, 2025.

|                                                               |     | Payment Due by Period 
 Within one year       |        |     | 2-5 years |        |     | Total |        |
|:--------------------------------------------------------------|:----|:----------------------|-------:|:----|:----------|-------:|:----|:------|-------:|
| Lease liabilities obligation