Company: SDAWW
Filing Date: 2025-02-06
Form Type: 424B5
Source: 0001213900-25-010989
Chunk: 3

Company: SunCar Technology Group Inc.
Filing Date: 2025-02-06
Form: 424B5
Chunk 3
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. The New Overseas Listing Rules apply to overseas
securities offerings and/or listings conducted by (i) companies incorporated in the PRC, or PRC domestic companies, directly and (ii)
companies incorporated overseas with operations primarily in the PRC and valued on the basis of interests in PRC domestic companies, or
indirect offerings. Under the New Overseas Listing Rules, a filing-based regulatory system applies to “indirect overseas offerings
and listings” of companies in mainland China, which refers to securities offerings and listings in an overseas market made under
the name of an offshore entity but based on the underlying equity, assets, earnings or other similar rights of a company in mainland China
that operates its main business in mainland China. The New Overseas Listing Rules state that, any post-listing follow-on offering by an
issuer in an overseas market, including issuance of shares, convertible notes, exchangeable notes and preferred shares, shall be subject
to filing requirement within three business days after the completion of the offering. Additionally, if we do not obtain the permissions
and approvals of the filing procedure for any subsequent offering in a timely manner under PRC laws and regulations, we may be subject
to investigations by competent PRC regulators, fines or penalties, ordered to suspend our relevant operations and rectify any non-compliance,
prohibited from engaging in relevant business or conducting any offering, and these risks could result in a material adverse change in
our operations, limit our ability to continue to offer securities to investors, or cause such securities to significantly decline in value
or become worthless. Based on our understanding of the rules, we are required to submit the filing report to the CSRC within three business
days upon the completion of this offering pursuant to this prospectus supplement. It is uncertain whether such filing can be completed
or how long it will take to complete such filing. Any delay in completing such filing procedures might affect the other filing procedures
with respect to other applicable circumstances, under the New Overseas Listing Rules in the future, such as the secondary listing, primary
listing, spin-off listing and making overseas offering and listing anew after being delisted from an overseas exchange, which might affect
our future public market financings and capital market transactions. To date, there are uncertainties in the interpretation and enforcement
of these new laws and guidelines, which could materially and adversely impact our business and financial outlook and may impact our ability
to accept foreign investments, or continue to list on a U.S. or other foreign exchange.

Sun