Company: SDAWW
Filing Date: 2025-02-04
Form Type: 6-K
Source: 0001213900-25-010076
Chunk: 42

Company: SunCar Technology Group Inc.
Filing Date: 2025-02-04
Form: 6-K
Chunk 42
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3 was US$2.2 million, primarily consisting of US$2.6 million in non-current assets purchase, US$3.9 million in purchase of software and equipment, offset by proceeds from sale of short-term investment of US$4.8 million. 10 Financing Activities 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. Net cash provided by financing activities for the nine months ended September 30, 2023 was US$34.1 million, consisting primarily of US$85.5 million from short-term bank borrowings and US$21.7 million from proceeds from private placement, offset by repayments of short-term bank borrowings of US$75.2 million. Capital Expenditures Our capital expenditures are primarily incurred for purchase of software and equipment, and the installation of private and other cloud systems. Its capital expenditures were US$6.5 million and US$9.9 million for the nine months ended September 30, 2023 and 2024, 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 its 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, 2024.

|                       |     | Payment Due by Period 
 Within                
 one year              |        |     | 1-3 years |   |     | Total |        |
|:----------------