Company: SDAWW
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001213900-25-036086
Chunk: 23

Company: SunCar Technology Group Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 3
Chunk 23
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 the evolving needs of the end consumers. We may have limited or no experience
for certain new product and service offerings, and our expansion into these new product and service offerings may not achieve broad acceptance
among our customers or end consumers. These offerings may present new and difficult technological or operational challenges, and we may
be subject to claims if end consumers do not have satisfactory experiences in general. To effectively manage the expected growth of our
business and operational scale, we will need to continue improving our transaction processing, technological, operational and financial
systems, policies, procedures and controls. All of these endeavors involve risks and will require significant management, financial and
human resources. We cannot assure you that we will be able to effectively manage our growth or to implement our strategies successfully.
If we are not able to manage our growth effectively, or at all, our business and prospects may be materially and adversely affected.

We are an “emerging growth company”
and we cannot be certain if the reduced disclosure requirements applicable to “emerging growth companies” will make our ordinary
shares less attractive to investors.

We are an “emerging
growth company,” as defined in the JOBS Act, and we may take advantage of certain exemptions and relief from various reporting requirements
that are applicable to other public companies that are not “emerging growth companies.” In particular, while we are an “emerging
growth company” (1) we will not be required to comply with the auditor attestation requirements of Section 404(b) of the Sarbanes-Oxley
Act, (2) we will be exempt from any rules that may be adopted by the PCAOB requiring mandatory audit firm rotations or a supplement to
the auditor’s report on financial statements, (3) we will be subject to reduced disclosure obligations regarding executive compensation
in our periodic reports and proxy statements and (4) we will not be required to hold nonbinding advisory votes on executive compensation
or shareholder approval of any golden parachute payments not previously approved. We currently intend to take advantage of the reduced
disclosure requirements regarding executive compensation, including the exemptions from the advisory vote requirements and executive compensation
disclosures under the Dodd-Frank Wall Street Reform and Customer Protection Act, or the Dodd-Frank Act, and the exemption from the provisions
of Section 404(b) of the Sarbanes-Oxley Act. In addition, Section 107 of the JOBS Act provides that an emerging growth company can take
advantage of the extended transition period provided in Section 7(a)(