Company: SDAWW
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001213900-25-036086
Chunk: 104

Company: SunCar Technology Group Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 4A
Chunk 104
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,172       51  
  Promotional service expenses                                                          65,500       23      112,504       31      164,262       37  
  Selling expenses                                                                      16,477        6       20,578        6       22,587        5  
  General and administrative expenses                                                   37,742       13       22,462        6       46,995       11  
  Research and development expenses                                                      8,478        3       14,111        4       40,244        9  
  Total                                    $                                           294,990      104      379,208      105      500,260      113  

Integrated service cost. The integrated service cost primarily consists of (i) service fees paid to suppliers engaged to provide technical support for our technology
service; and (ii) service fees paid to auto service providers to provide customized service for end customers of its enterprise customers.
The service fee is determined based on and recognized in the period of the actual services rendered.

Promotional Service Expenses. Promotional service expenses represent (i) promotional service fees to expand extensive networks primarily of auto eInsurance sales partners;
and (ii) service fees we pay to promotion channels, including but not limited to offline after-sales networks, online platforms, and emerging
EV OEMs and service providers. Promotional service expenses are recognized in the period incurred.

Selling Expenses. Selling
expenses primarily consist of (i) salaries and employment benefits for employees who work in the service lines; (ii) promotional service
fees; (iii) communication and travel expenses, and (iv) depreciation expenses related to sales. Depreciation expenses are calculated on
a straight-line basis over the estimated useful lives of the assets.

General and Administrative
Expenses. General and administrative expenses primarily consist of (i) staff costs, rental and depreciation expenses related to general
and administrative personnel; (ii) share-based compensation expenses; and (iii) other corporate expenses.

Research and Development
Expenses. Research and development expenses primarily consist of payroll and employee benefits for research and development employees,
rental expenses, utilities, and other related expenses to design, develop, and maintain the technology service platform and to support
its internal and external customers, and for share-based compensation expenses.

Results of Operations

Year ended December 31, 2024 compared with
year ended December 31, 2023

The following table sets