Company: SDAWW
Filing Date: 2025-10-27
Form Type: 6-K
Source: 0001213900-25-102611
Chunk: 31

Company: SunCar Technology Group Inc.
Filing Date: 2025-10-27
Form: 6-K
Chunk 31
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 | % |     |      | 14 | % |
| Supplier C                               |     |                          |  * |   |     |      | 12 | % |

| * | represent percentage less than 10% |

F-29 SUNCAR TECHNOLOGY GROUP INC NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (In U.S. Dollar thousands, except share and per share data)

| 17. | COMMITMENTS       
 AND CONTINGENCIES |

Lease Commitments

The total future minimum lease payments of property management fee and short-term lease under the non-cancellable operating lease with respect to the office as of June 30, 2025 are payable as follows:

|               |     | Lease      
 Commitment |    |
| Within 1 year |     |            | 85 |
| Total         |     |            | 85 |

Contingencies

In the ordinary course of business, the Group may be subject to legal proceedings regarding contractual and employment relationships and a variety of other matters. The Group records contingent liabilities resulting from such claims, when a loss is assessed to be probable and the amount of the loss is reasonably estimable.

On July 18, 2025, the People’s Court of Songjiang District, Shanghai, issued a judgment to revoke, within the amount of the creditor’s rights confirmed in the civil mediation agreement in favor of the plaintiff, the equity transfer of SunCar Online by the defendant, Zhejiang Shengling Automotive Service Co., Ltd.(also known as Shengda Group), to Shanghai Feiyou, and ordered the restoration of the equity ownership.

Shanghai Feiyou has filed an appeal against the judgment, and the case has been accepted for second-instance review. As of the issuance date of the consolidated financial statements, the appeal remains pending and the ultimate outcome of the case cannot be reasonably estimated. Considering the amount of the plaintiff’s claim against Shengda Group, Shanghai Feiyou’s shareholding percentage in SunCar Online, and the concerted action arrangements between Shanghai Feiyou and other shareholders, the Group believes that this dispute will not affect Shanghai Feiyou’s effective control over SunCar Online, and is not expected to have a material impact on the consolidated financial statements.

On April 25, 2025, the Red Romance Investment Limited (“Red Romance”) filed a civil lawsuit against the Group. Red Romance alleged that they entered a consulting service contract with the Group for the provision of financing-related services in August 202