Company: SDAWW
Filing Date: 2025-05-21
Form Type: 6-K
Source: 0001213900-25-046449
Chunk: 9

Company: SunCar Technology Group Inc.
Filing Date: 2025-05-21
Form: 6-K
Chunk 9
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 of the grant. Awards of subsidiary equity is recognized in “non-controlling interest” in the consolidated
entity.

| (h). | Foreign currency transactions and translations |

The Group’s principal country of operations
is the PRC. The financial position and results of its operations are determined using RMB, the local currency, as the functional currency.
The Group’s financial statements are reported using U.S. Dollars (“$”). The results of operations and the unaudited
condensed consolidated statements of cash flows denominated in foreign currency are translated at the average rate of exchange during
the reporting period. Assets and liabilities denominated in foreign currencies at the balance sheet date are translated at the applicable
rates of exchange in effect at that date. The equity denominated in the functional currency is translated at the historical rate of exchange
at the time of capital contribution. Because cash flows are translated based on the average translation rate, amounts related to assets
and liabilities reported on the unaudited condensed consolidated statements of cash flows will not necessarily agree with changes in the
corresponding balances on the unaudited condensed consolidated balance sheets. Translation adjustments arising from the use of different
exchange rates from period to period are included as a separate component of accumulated other comprehensive income (loss) included in
unaudited condensed consolidated statements of changes in equity. Gains and losses from foreign currency transactions are included in
the results of operations.

The value of RMB against $ and other currencies
may fluctuate and is affected by, among other things, changes in the PRC’s political and economic conditions. Any significant revaluation
of RMB may materially affect the Group’s financial condition in terms of $ reporting.

|                                                 |     | December 31, |        |     | March 31, |        |
|                                                 |     |         2024 |        |     |      2025 |        |
| Balance sheet items, except for equity accounts |     |              | 7.2993 |     |           | 7.2567 |

|                                                                                            |     | For the three months ended 
                  March 31, |        |     |      |        |
|                                                                                            |     |                       2024 |        |     | 2025 |        |
| Items in the statements of operations and comprehensive loss, and statements of cash flows |     |                            | 7.1885 |     |      | 7.2728 |

No representation is made that the RMB amounts
could have been, or