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Organization and Principal Activities (Details)
$ / shares in Units, ¥ in Thousands, $ in Thousands
6 Months Ended 12 Months Ended
Mar. 01, 2022
CNY (¥)
Jun. 30, 2023
USD ($)
$ / shares
shares
Jun. 30, 2022
shares
Dec. 31, 2022
USD ($)
$ / shares
Dec. 31, 2021
USD ($)
[1]
Organization and Principal Activities (Details) [Line Items]          
Nominal consideration amount (in Yuan Renminbi) ¥ 1     $ 40,854 [1]
Additional Paid-in Capital [Member]          
Organization and Principal Activities (Details) [Line Items]          
Additional paid in capital (in Dollars) | $   $ 3      
Maximum [Member]          
Organization and Principal Activities (Details) [Line Items]          
Par value of ordinary shares (in Dollars per share) | $ / shares   $ 0.00005      
Weighted average number of ordinary shares outstanding | shares     418,668,614    
Minimum [Member]          
Organization and Principal Activities (Details) [Line Items]          
Par value of ordinary shares (in Dollars per share) | $ / shares   $ 0.0001      
Weighted average number of ordinary shares outstanding | shares     80,000,000    
Common Class A [Member]          
Organization and Principal Activities (Details) [Line Items]          
Conversion of share | shares   30,371,435      
Par value of ordinary shares (in Dollars per share) | $ / shares   $ 0.0001   $ 0.0001  
Common Class B [Member]          
Organization and Principal Activities (Details) [Line Items]          
Conversion of share | shares   49,628,565      
Par value of ordinary shares (in Dollars per share) | $ / shares   $ 0.0001   $ 0.0001  
[1]

On December 3, 2021, Shengda Group transfered all of its equity interest, which was 55.09% as of the transfer date, of SUNCAR Online to Shanghai Feiyou, at price RMB4 per share, totaling RMB282 million. Upon completion of the transfer, Feiyou is liable to Shengda Group RMB282 million for the transfer of SUNCAR Online, which is eliminated in the consolidated financial statements as an intercompany balance as of December 31, 2021. As a result of the disposal of Shengda Group, Shengda Group became the related party of the Group, and the balance due to Shengda Group was not eliminated on the consolidated level but presented as amount due to a related party. On March 1, 2022, the Group entered into a share purchase agreement (the “SPA”) with an affiliate of Mr. Ye, the Group’s Chairman of the Board of Directors to transfer the total equity of Shengda Group with the consideration of RMB 1. Pursuant to the SPA, the Group agreed to repay the debt owed to Shengda Group by full before June 1, 2023.

 

In April 2023, the Group negotiated with Shengda Group and consented to have an extension of payment to extend the repayment date to December 31, 2025, with annual interest rate of 1% from June 1, 2023 to December 31, 2025 (See Note 21).