SunCar Technology Group Inc. Announces Service Agreement With CMBC

SunCar Technology Group Inc. ("SunCar" or the "Company") (NASDAQ:SDA), a leading provider of digitalized enterprise automotive after-sales services and online auto insurance intermediation service in

SunCar Technology Group Inc. (“SunCar” or the “Company”) (NASDAQ:SDA), a leading provider of digitalized enterprise automotive after-sales services and online auto insurance intermediation service in China, today announced that it has renewed its annual destination pickup service agreement with China Minsheng Banking Corp., Ltd. (“CMBC”), public listed (SSE: 600016, SEHK: 1988) bank with over $40 billion annual revenue principally known for corporate banking with small-medium enterprises.

SunCar’s destination pickup service is widely praised by its customers, combining passenger, business, luxury cars which can meet different business and travel needs of the customers. The service covers 79 airports and 330 high-speed rail stations in China. For elite institutional customers such as CMBC, SunCar is the top choice for value-added services during business travel. Through its comprehensive services SunCar helps its customers maintain and build relations with their end customers, the businesses and individuals across China.

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