Company: SDAWW
Filing Date: 2025-05-21
Form Type: 6-K
Source: 0001213900-25-046449
Chunk: 23

Company: SunCar Technology Group Inc.
Filing Date: 2025-05-21
Form: 6-K
Chunk 23
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.

| (2) | Volatility |

The volatility of the underlying ordinary
shares during the lives of the warrants was estimated based on the historical stock price volatility of comparable listed companies over
a period comparable to the expected term of the options.

| (3) | Risk-free interest rate |

Risk-free interest rate was estimated
based on the daily treasury long term rate of the U.S. Treasury Department with a maturity period close to the expected term of the warrants.

| (4) | Dividend yield |

The dividend yield was estimated by
the Group based on its expected dividend policy over the expected term of the warrants.

F-19 SUNCAR TECHNOLOGY GROUP INC NOTES TO UNAUDITEDCONDENSED CONSOLIDATED FINANCIAL STATEMENTS (In U.S. Dollar thousands, except share and per share data)

The table summarize the status of warrants outstanding
and exercisable as of March 31, 2025:

|                                               |     | Warrants |            |     | Weighted 
 Average  
 Exercise 
 Price    |       |
|:----------------------------------------------|:----|:---------|-----------:|:----|:---------|------:|
| Warrants outstanding, as of December 31, 2024 |     |          | 12,431,674 |     | $        | 10.72 |
| Warrants exercisable, as of December 31, 2024 |     |          | 12,431,674 |     | $        | 10.72 |
| Issued                                        |     |          |          - |     |          |     - |
| Exercised                                     |     |          |          - |     |          |     - |
| Expired                                       |     |          |          - |     |          |     - |
| Warrants outstanding, as of March 31, 2025    |     |          | 12,431,674 |     | $        | 10.72 |
| Warrants exercisable, as of March 31, 2025    |     |          | 12,431,674 |     | $        | 10.72 |

As of March 31, 2025, the Company had
warrants outstanding to purchase Class A Ordinary Shares with weighted average exercise price of $ per share and remaining
contractual lives of years.

| 11. | SHARE-BASED COMPENSATION |

Share-based compensation of a subsidiary

On September 9, 2020,