Recent Updates — SDA

SunCar Technology Group Inc. announced the resignation of Bohong Du as Chief Financial Officer and director, effective September 16, 2026, citing personal reasons with no disagreements regarding operations or policies. Eric H. Zhang was appointed as the new Chief Financial Officer on September 18, 2026, ceasing his role as an independent director but continuing as a non-independent board member and leaving all committee chairmanships. Xuefeng Qian was appointed as an independent director on the same date, joining the Audit Committee and chairing the Compensation and Nominating and Corporate Governance Committees. Mr. Qian receives annual compensation of RMB 120,000 (approximately USD 17,700). SunCar Technology Group Inc. operates in the automotive technology sector.

SunCar Technology Group Inc. reported unaudited financial results for the six months ended June 30, 2026. Total revenues increased to $276.5 million from $222.3 million in the prior year period, driven by growth across auto eInsurance, technology service, and auto service segments. The company returned to profitability with an operating income of $6.3 million compared to a $1.2 million loss previously, resulting in net income attributable to non-controlling interests of $3.6 million. Cash reserves decreased to $16.8 million from $25.0 million at year-end 2025. The filing also details a legal dispute where Shanghai Zanxing’s equity interest in SunCar Online was reduced from 55.34% to 47.92%, though the group maintains effective control through concerted action arrangements. SunCar Technology Group Inc. operates in the automotive aftermarket industry, providing integrated vehicle maintenance, insurance, and technology services.