Company: SDAWW
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001213900-25-036086
Chunk: 17

Company: SunCar Technology Group Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 3
Chunk 17
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including our personnel), or inadvertent acts or inactions by our vendors, partners
or personnel, could result in the loss, disclosure or misuse of confidential personal or business information or the theft of client,
and could have a materially adverse effect on our business or results of operations or that of our customers, result in liability, litigation,
regulatory investigations and sanctions or a loss of confidence in our ability to serve clients, or cause current or potential clients
to choose another service provider. As the global environment continues to grow increasingly hostile, the security of our operating environment
is ever more important to our customers and potential clients. As a result, the breach or perceived breach of our security systems could
result in a loss of confidence by our customers or potential clients and cause them to choose another service provider, which could have
a materially adverse effect on our business.

As of the date of this Report,
we believe we are not subject to any material cybersecurity risks. Although we believe that we maintain a robust program of information
security and controls and none of the data or cyber security incidents that we have encountered to date have materially impacted us, we
cannot guarantee that our measures will always be reliable, a data or cyber security incident could disrupt our continuing service to
our customers and their end users, force us in providing inferior services, or delay the completion of our service, and then in turn have
a materially adverse effect on our business, results of operations, financial condition and reputation.

We face intense competition in the markets
we operate in, and some of our competitors may have greater resources or brand recognition than us.

The automobile auto eInsurance
market and the integrated auto service market in China are highly fragmented and competitive. In our auto services business, we primarily
compete with a large number of large integrated service providers and other independent auto service providers. We compete for customers
on the basis of product offerings, pricing, customer services and reputation. In our auto eInsurance business, we face competition from
insurance companies that use their in-house sales force, exclusive sales agents, telemarketing, and Internet or mobile channels to distribute
their insurance products, and from business entities that distribute insurance products on an ancillary basis, such as commercial banks,
postal offices and automobile dealerships, as well as from other professional insurance intermediaries.

Some of our current and future
competitors may have greater financial and marketing resources than we do, and may be able to offer services that we do not currently
have and may not offer in the future