SunCar Technology Group Inc. announced an exclusive vehicle service contract with the Sichuan Branch of China Construction Bank, one of China's larger financial institutions. SunCar expects to derive cumulative revenue from the contract valued at approximately RMB 23.4 million, or USD 3.3 million. This one-year exclusive contract with the Sichuan Branch follows SunCar's recently announced agreement with the Fujian Branch of China Construction Bank, valued at RMB 25 million.

These agreements with different branches of China Construction Bank validates superior service quality and reliability and reinforces strategic vision of expanding client network across China's vast banking sector. SunCar will provide a comprehensive range of automotive services tailored to meet the unique needs of China Construction Bank's Sichuan Branch clientele. SunCar's extensive network, which includes over 460 car wash locations and numerous service points for other automotive needs, positions SunCar to deliver top-tier services efficiently and effectively.