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NEW YORK, July 30, 2026 (GLOBE NEWSWIRE) -- SunCar Technology Group Inc. ('SunCar” or the 'Company”) (NASDAQ: SDA), a leader in delivering AI-powered B2B auto insurance and services in China, today announced that, on July 27, 2026, the Company received a notification letter ('Nasdaq Notification”) from the Nasdaq Listing Qualifications Department ('Nasdaq”) notifying the Company that its Class A ordinary shares, par value $0.0001 per share (the 'Ordinary Shares”), is not in compliance with the minimum bid price requirement from June 10, 2026 through July 24, 2026. As set forth in the Nasdaq Listing Rules 5550(a)(2) ('Nasdaq Listing Rule”), it requires that the closing bid price for the Company’s Ordinary Shares listed on the Nasdaq be maintained at a minimum of $1.00 per share and failure to meet it for 30 consecutive business days constitutes a compliance deficiency.