Company: SDAWW
Filing Date: 2025-02-06
Form Type: 424B5
Source: 0001213900-25-010989
Chunk: 19

Company: SunCar Technology Group Inc.
Filing Date: 2025-02-06
Form: 424B5
Chunk 19
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 result in fines and/or other penalties that may have a material adverse effect on our reputation, business, results of 
 operations and financial condition. See Risk Factor under such title.                                                                  |

| ● | Because the commission revenue we earn on the                                                                                                
 sale of insurance products is based on premium and commission rates set by insurance companies, any decrease in these premiums or commission 
 rates, or increase in the referral fees we pay to our external referral sources, may have an adverse effect on our results of operation.     |

| ● | The insurance business is historically cyclical                                                                                           
 in nature, and there may be periods with excess underwriting capacity and unfavorable premium rates, which may negatively affect SunCar’s 
 overall revenues.                                                                                                                         |

Risks Related to Doing Business in China

| ● | PRC regulations relating to investments in offshore                                                                                
 companies by PRC residents may subject our PRC-resident beneficial owners or our PRC Operating Entities to liability or penalties. |

| ● | Substantial uncertainties exist with respect                                                                                            
 to the interpretation and implementation of the PRC Foreign Investment Law and how it may impact the viability of our current corporate 
 structure, corporate governance and business operations.                                                                                |

| ● | The Chinese government exerts substantial influence                   
 over the manner in which SunCar must conduct our business activities. |

| ● | Our business is conducted in RMB and the price                                                                                            
 of our ordinary shares is quoted in United States dollars, changes in currency conversion rates may affect the value of your investments. |

| ● | We may become subject to a variety of laws and                                                                                        
 regulations in the PRC regarding privacy, data security, cybersecurity, and data protection. SunCar may be liable for improper use or 
 appropriation of personal information.                                                                                                |

| ● | If SunCar is classified as a PRC resident enterprise                                                                                          
 for PRC income tax purposes, such classification could result in unfavorable tax consequences to us and our non-PRC shareholders and ordinary 
 shareholders.                                                                                                                                 |

<div align='center'>S-3</div>

| ● | Failure to obtain any preferential tax treatments                                                                                               
 or the discontinuation, reduction or delay of any of the preferential tax treatments that may be available to us in the future could materially 
 and adversely affect our business, financial condition and results of operations.                                                               |

| ● | The permission or approval of the China Securities                                                                                      
 Regulatory Commission may be required in future offerings or financings, and, if required, we cannot predict whether we will be able to 
 obtain such permission or