Company: SDAWW
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001213900-25-036086
Chunk: 70

Company: SunCar Technology Group Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 4
Chunk 70
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ITEM 4. INFORMATION ON THE COMPANY

A. History and Development of the Company

The Company was incorporated
under the laws of the Cayman Islands on August 6th, 2021 solely for the purpose of effectuating the Business Combination, which
was consummated on May 17, 2023. See a description of the material terms of the Business Combination as described in the Form F-4 in the
section entitled, “The Business Combination Proposal”. The Company owns no material assets other than its interests
in ASGL and GBRG acquired in the Business Combination and does not operate any business other than through ASGL, its wholly-owned subsidiary.
ASGL is Cayman Islands exempted company. SeeItem 5-Operating and Financial Review and Prospectsfor a discussion of ASGL’s
operating and financial review and prospects for the year ended December 31, 2024.

The mailing address of the
Company’s principal executive office is Suite 209, No. 656 Lingshi Road, Jing’an District, Shanghai, 200072, People’s
Republic of China, and its telephone number is (86) 138-1779-6110. The Company’s official website is https://suncartech. com/. The
information contained on, or accessible through, the Company’s website is not incorporated by reference into this Report, and you
should not consider it a part of this Report.

The Company is subject to
certain of the informational filing requirements of the Exchange Act. Since the Company is a “foreign private issuer”, the
officers, directors and principal shareholders of the Company are exempt from the reporting and “short-swing” profit recovery
provisions contained in Section 16 of the Exchange Act with respect to their purchase and sale of Class A Ordinary Shares. In addition,
the Company is not required to file reports and financial statements with the SEC as frequently or as promptly as U. S. public companies
whose securities are registered under the Exchange Act. However, the Company is required to file with the SEC an Annual Report on Form
20-F containing financial statements audited by an independent accounting firm. On March 30, 2023, the Company and GBRG furnished to its
shareholders a proxy statement/prospectus relating to the Business Combination. The SEC also maintains a website at http://www. sec. gov
that contains reports and other information that the Company files with or furnishes electronically to the SEC.

B.