Company: SDAWW
Filing Date: 2025-12-22
Form Type: 6-K
Source: 0001213900-25-124170
Chunk: 34

Company: SunCar Technology Group Inc.
Filing Date: 2025-12-22
Form: 6-K
Chunk 34
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 2025 was $, of which $ was expected to
be paid within year and $ was expected to be paid more than year.

| 18. | SUBSEQUENT EVENTS |

On July 18, 2025, the People’s Court of
Songjiang District, Shanghai, issued a judgment to revoke, within the amount of the creditor’s rights confirmed in the civil mediation
agreement in favor of the plaintiff, the equity transfer of SunCar Online by the defendant, Zhejiang Shengling Automotive Service Co.,
Ltd. (also known as Shengda Group), to Shanghai Feiyou, and ordered the restoration of the equity ownership. Shanghai Feiyou subsequently
filed an appeal against the judgment.

On October 31, 2025, the People’s Court
upheld the original judgement. Considering the amount of the plaintiff’s claim against Shengda Group, Shanghai Feiyou’s equity
interest in SunCar Online was probably reduced from % to %. According to concerted action arrangements between Shanghai Feiyou
and other shareholders, which still collectively hold an aggregate equity interest of % in SunCar Online, the Group believes that
the outcome of this dispute will not affect Shanghai Feiyou’s effective control over SunCar Online, and is not expected to have
a material impact on the consolidated financial statements.

On October 31, 2025, GEM presented a
winding-up petition (the “Petition”) to the Grand Court of the Cayman Islands, requesting for the liquidation and
winding up of SunCar, in connection with a non-payment under an Award issued at the end of April 2025 as described under Note 8. On
December 16, 2025, the GEM and SunCar agreed to the terms of a Consent Order for the adjournment of the Petition (the
“Consent Order”). The Consent Order provides for the total payment of $ million by SunCar to GEM in two equal
instalments on December 31, 2025 and January 31, 2026. The Cayman Court approved the adjournment of the Petition based on the
Consent Order.

The Company has evaluated the impact of events
that have occurred subsequent to September 30, 2025, through the issuance date, December 22, 2025, of the consolidated financial statements, the
Company did not identify any other subsequent events occurred that would require recognition in the consolidated financial statements
or disclosure