Company: SDAWW
Filing Date: 2025-10-27
Form Type: 6-K
Source: 0001213900-25-102611
Chunk: 17

Company: SunCar Technology Group Inc.
Filing Date: 2025-10-27
Form: 6-K
Chunk 17
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                          |  25 |     |      |  10 |
| Total Lease cost                        |     | $                        | 417 |     | $    | 440 |

For the six months ended June 30, 2024 and 2025, the short-term lease expenses amounted to $ 70and $ 82, respectively.

Other information related to leases where the Group is the lessee is as follows:

|                                       |     | For the six months ended 
                 June 30, |      |   |     |      |      |   |
|                                       |     |                     2024 |      |   |     | 2025 |      |   |
| Weighted-average remaining lease term |     |                          | 0.84 |   |     |      | 0.29 |   |
| Weighted-average discount rate        |     |                          | 4.30 | % |     |      | 3.94 | % |

As of June 30, 2025, the following is a schedule of future minimum payments under the Group’s operating leases:

| For the calendar year ended June 30, 
 Remainder of 2025                    |     | Operating Leases | 218 |   |
|:-------------------------------------|:----|:-----------------|----:|:--|
| 2026                                 |     |                  |  66 |   |
| 2027                                 |     |                  |  10 |   |
| Total lease payments                 |     |                  | 294 |   |
| Less: imputed interest               |     |                  |  (4 | ) |
| Total                                |     | $                | 290 |   |

| 10. | WARRANTS |

GEM Warrant

On November 4, 2022, Auto Services Group Limited entered into a Share Purchase Agreement (the “GEM Purchase Agreement”) with GEM Global Yield LLC SCS (“GEM Investor”) and GEM Yield Bahamas Limited (“GYBL”) relating to a share subscription facility. Pursuant to the GEM Purchase Agreement, Auto Services Group Limited has the right to sell to GEM Investor up to $ 125million of its ordinary shares (the “GEM Shares”) for a 36-month period following a public listing of the Group’s ordinary shares (the “Investment Period”). GEM Investor would pay 90% of the average daily closing price during the pricing period, which is a 30-day period after Sun