Company: SDAWW
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001213900-25-036086
Chunk: 61

Company: SunCar Technology Group Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 3
Chunk 61
---
 its 2022 HFCAA Determination Report (the “2022 Report”) its determination that the PCAOB was able to secure
complete access to inspect and investigate audit firms in the People’s Republic of China (PRC), and the PCAOB Board voted to vacate
previous determinations to the contrary. According to the 2022 Report, this determination was reached after the PCAOB had thoroughly tested
compliance with every aspect of the Protocol necessary to determine complete access, including on-site inspections and investigations
in a manner fully consistent with the PCAOB’s methodology and approach in the U. S. and globally. According to the 2022 Report, the
PRC Authorities had fully assisted and cooperated with the PCAOB in carrying out the inspections and investigations according to the Protocol,
and have agreed to continue to assist the PCAOB’s investigations and inspections in the future. As required by the HFCAA, if in
the future the PCAOB determines it no longer can inspect or investigate completely because of a position taken by any foreign authority,
including but is not limited to mainland China relevant authority, the PCAOB will act expeditiously to consider whether it should issue
a new determination.

Our previous auditor, Marcum
Asia CPAs LLP (formerly, Marcum Bernstein & Pinchuk LLP) (“ Marcum Asia”), and our current auditor, Enrome LLP (“ Enrome”),
the independent registered public accounting firm that issues the audit report included elsewhere in this Report, as auditors of companies
that are traded publicly in the United States and firms registered with the PCAOB, are both subject to laws in the United States pursuant
to which the PCAOB conducts regular inspections to assess the auditors’ compliance with the applicable professional standards. Marcum
Asia is headquartered in Manhattan, New York, and is subject to inspection by the PCAOB on a regular basis with the last inspection in
2020. Enrome is headquartered in Singapore, Singapore, and is subject to inspection by the PCAOB on a regular basis and can be inspected
by PCAOB. As of the date of this Report, neither of previous and current auditors is among the firms listed on the PCAOB Determination
List issued in December 2021, the latest list publicly available.

Such recent developments would
add uncertainties to our offering and we cannot assure you whether the SEC, the PCAOB, Nasdaq, or other regulatory authorities would apply
additional and more stringent criteria to us after considering the effectiveness of our auditor’s audit procedures and