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

Company: SunCar Technology Group Inc.
Filing Date: 2025-02-04
Form: 6-K
Chunk 25
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and , respectively.

F-21

14. RELATED PARTY TRANSACTIONS

| Name of related parties |     | Relationship with the Group                                                               |
| Shengda Group           |     | An entity ultimately controlled by Mr. Ye Zaichang, the Company’s Chief Executive Officer |

Balances with related parties

| Amount due to a related party, current            
 Shengda Group                                     
 Other payables (2)                                
 Amount due to a related party, non-current        
 Shengda Group                                     |     | December 31, 
 2023         |  4,751 
  4,751 |     | September 30, 
 2024          |  6,569 
  6,569 |
|:--------------------------------------------------|:----|:-------------|-------:|:----|:--------------|-------:|
| Payables due to the transfer of SunCar Online (1) |     |              | 29,688 |     | $             | 23,675 |
|                                                   |     | $            | 29,688 |     | $             | 23,675 |

| (1) | On December 3, 2021, Shengda Group transfered all of its equity interest, which was 55.09% as of the transfer date, of SunCar Online to Shanghai Feiyou, at price RMB4 per share, totaling RMB282 million. Upon completion of the transfer, Feiyou is liable to Shengda Group RMB282 million for the transfer of SunCar Online. As a result of the disposal of Shengda Group, Shengda Group became the related party of the Group, and the balance due to Shengda Group was presented as amount due to a related party. On March 1, 2022, the Group entered into a share purchase agreement (the “SPA”) with an affiliate of Mr. Ye to transfer the total equity of Shengda Group with the consideration of RMB 1. Pursuant to the SPA, the Group agreed to repay the debt owed to Shengda Group by full before June 1, 2023.   In April 2023, the Group negotiated with Shengda Group and consented to have an extension of payment to extend the repayment date to December 31, 2025, with annual interest rate of 1% from June 1, 2023 to December 31, 2025. Therefore, the Group re