Company: SDAWW
Filing Date: 2025-10-27
Form Type: 6-K
Source: 0001213900-25-102611
Chunk: 3

Company: SunCar Technology Group Inc.
Filing Date: 2025-10-27
Form: 6-K
Chunk 3
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 Effective     
 Ownership     
 56.33%        |     | Principal               
 Activities              
 Auto eInsurance service |
|:--------------------------------------------------------------------------------|:----|:------------------|:----|:--------------|:----|:--------------|:----|:------------------------|
| Shanghai Feiyou Trading Co., Limited (“Shanghai Feiyou”)                        |     | June 11, 2009     |     | PRC           |     | 100.00%       |     | Technology services     |
| Shanghai Xuanbei Automobile Service Co., Limited (“Shanghai Xuanbei”)           |     | April 26, 2018    |     | PRC           |     | 100.00%       |     | Auto service            |
| Shanghai Shengshi Dalian Automobile Service Co., Limited (“Shengda Automobile”) |     | June 8, 2013      |     | PRC           |     | 84.58%        |     | Auto service            |
| Haiyan Trading (Shanghai) Co., Limited (“Haiyan”)                               |     | November 22, 2012 |     | PRC           |     | 100.00%       |     | Holding company         |

| 2. | SUMMARY                            
 OF SIGNIFICANT ACCOUNTING POLICIES |

| (a). | Basis of presentation |

The accompanying consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) for interim financial information, and with the rules and regulations of the United States Securities and Exchange Commission (the “SEC”). Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. Unaudited interim results are not necessarily indicative of the results for the full fiscal year. The accompanying unaudited condensed financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes for the years ended December 31, 2023 and 2024.

The unaudited condensed consolidated financial statements include the financial statements of the Company and its subsidiaries. All intercompany transactions and balances among the Company and its subsidiaries have been eliminated upon consolidation. For consolidated subsidiaries where the Group’s ownership in the subsidiary is less than 100%, the equity interest not held by the Group is shown as non-controlling interests.

| (b). | Use of estimates |

The preparation of the unaudited condensed consolidated financial statements in accordance with US GAAP requires management to make estimates and