Company: SDAWW
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001213900-25-036086
Chunk: 29

Company: SunCar Technology Group Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 3
Chunk 29
---
, currently we may not be able to insure certain risks related to our assets or business even if we desire to. If we
were to incur substantial losses or liabilities due to natural disaster, disruption in our network infrastructure or business operations,
or any material litigation, our results of operations could be materially and adversely affected. Our current insurance coverage may not
be sufficient to prevent us from any loss, and we may not be able to successfully claim our losses under our current insurance policies
on a timely basis, or at all. If we incur any loss beyond the coverage of our insurance policies, or the amount indemnified is significant
less than our actual loss, our business, financial condition and results of operations could be materially affected.

We face risks related to natural disasters,
health epidemics and other outbreaks, which could significantly disrupt our operations.

In addition to the impact
of COVID-19, our business could be materially and adversely affected by natural disasters, health epidemics or other public safety concerns
affecting China. Natural disasters may give rise to server interruptions, breakdowns, system failures, technology platform failures or
internet failures, which could cause the loss or corruption of data or malfunctions of software or hardware as well as adversely affect
our ability to operate our platform and provide services and solutions. In recent years, there have been outbreaks of epidemics in China
and globally, such as H1N1 flu, avian flu or another epidemic. Our business operations could be disrupted by any of these epidemics. In
addition, our results of operations could be adversely affected to the extent that any health epidemic harms the Chinese economy in general.
A prolonged outbreak of any of these illnesses or other adverse public health developments in China or elsewhere in the world could have
a material adverse effect on our business operations. Such outbreaks could significantly impact the insurance industry, which could severely
disrupt our operations and adversely affect our business, financial condition and results of operations. Our headquarters are located
in Beijing, where most of our management and employees currently reside. Consequently, if any natural disasters, health epidemics or other
public safety concerns were to affect Beijing, our operation may experience material disruptions, which may materially and adversely affect
our business, financial condition and results of operations.

Risks Related to SunCar’s Insurance Services

We participate in the business as an insurance
intermediary, therefore, we only obtained necessary licenses for the sale of insurance, but these insurances do not allow us to create/modify
insurance products either