Company: SDAWW
Filing Date: 2025-02-06
Form Type: 424B5
Source: 0001213900-25-010989
Chunk: 82

Company: SunCar Technology Group Inc.
Filing Date: 2025-02-06
Form: 424B5
Chunk 82
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 commissions, and reports. For
insurance purchasers, our online insurance interface provides data-driven, AI-empowered real time quotation, pricing, underwriting and
payment, by connecting to our market-wide insurer clients and the full spectrum of their policy selections. Our AI-empowered hybrid cloud
infrastructure provides the secure storage and computation to support the demands by both insurance companies as well as end customers.

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We have started making our technologies into a
new business line. With growing demands to efficiently manage their businesses, our automotive service providers are now paying for our
online tools to streamline their business workflows, manage their customer relationships and automate orders processing. With the iterative
upgrades of our technology, we are working on developing a SaaS model product offering and plan to gradually turn our automotive service
providers into our technology customers.

We believe the cross-utilizations and interconnections
between our auto service and auto eInsurance business lines enable positive feedback loops between them and symbiotic growth of both.
While we are developing our nation-wide automotive service provider network, these service providers become our sales partners of our
auto eInsurance business. Conversely, when we engage with insurance companies to sell their insurance products, we also engage them as
clients of our auto service solutions. We believe our synergistic business development will boost our sales channels as well as client
network in both of our business segments.

As our business is closely connected to the automotive
industry, we have also embraced the recent trends of electric and smart vehicles. We are now working with 20 mainstream NEV and smart
car panel players, embedding our auto service solutions into their online applications and panels, and providing various insurance products
to NEV owners.

Emerging Growth Company Status

We are an “emerging
growth company,” as defined in the Jumpstart Our Business Startups Act of 2012 (“JOBS Act”). As an emerging growth company,
it is exempt from certain requirements related to executive compensation, including the requirements to hold a nonbinding advisory vote
on executive compensation and to provide information relating to the ratio of total compensation of its Chief Executive Officer to the
median of the annual total compensation of all of its employees, each as required by the Investor Protection and Securities Reform Act
of 2010, which is part of the Dodd-Frank Act.

Section 102(b)(1)
of the Jumpstart Our Business Startups Act of 2012 (“JOBS Act”) exempts emerging growth companies from being required to comply