Company: SDAWW
Filing Date: 2025-02-04
Form Type: 6-K
Source: 0001213900-25-010076
Chunk: 44

Company: SunCar Technology Group Inc.
Filing Date: 2025-02-04
Form: 6-K
Chunk 44
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Car Online at an aggregate amount of US$6.2 million. The non-cash gains from the difference of repurchase price and transfer price of US$4.5 million were charged to additional-paid-in capital. As of September 30, 2024, the payables due to the transfer of SunCar Online was US$23.7 million, and other payable was US$6.6 million for the ordinary course of operation, which were interest free, unsecure and could be settled on demand. B. Liquidity and Capital Resources Please see “Operating Results-Liquidity and Capital Resources” above. C. Research and Development, Patents and Licenses, etc. For the nine months ended September 30, 2023 and 2024, our research and development expenses were US$5.5 million, and US$33.6 million, respectively. Its research and development expenses consist primarily of payroll, employee benefit and share-based compensation for research and development, rental expense, utilities and other related expenses related to design, develop and maintain technological service platform to support its internal and external business. We expect spending in research and development to continue to be significant over time as we plan to continue to invest in our technology and innovation to enhance customer experience and provide value to our business partners. D. Trend Information Other than as disclosed in this report, we are not aware of any trends, uncertainties, demands, commitments or events as of September 30, 2024 that are reasonably likely to have a material and adverse effect on its net revenues, income, profitability, liquidity or capital resources, or that would cause the disclosed financial information to be not necessarily indicative of future results of operations or financial conditions. E. Critical Accounting Estimates Please see “Operating Results-Critical Accounting Estimates” above. 12 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

| Date: February 4, 2025 | SunCar Technology Group Inc. 
 By:                          | /s/ Zaichang Ye              |
|:-----------------------|:-----------------------------|:-----------------------------|
|                        | Name:                        | Zaichang Ye                  |
|                        | Title:                       | Chief Executive Officer      |
|                        |                              | -Principal Executive Officer |

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