KMBP Holdings Limited Reduces Stake in SunCar Technology Group Inc. via Open Market Sales

KMBP Holdings Limited filed Amendment No. 4 to its Schedule 13D on April 3, 2026, reporting a decrease in its position in SunCar Technology Group Inc. (SDA). The reporting person sold a total of 628,700 Class A Ordinary Shares through a series of open market transactions on the NASDAQ between March 12, 2026, and April 1, 2026. These sales were executed at weighted average prices ranging from approximately $1.699 to $1.933 per share, with the largest single-day divestment of 253,727 shares occurring on April 1, 2026. Following these transactions, KMBP Holdings Limited remains a significant shareholder, beneficially owning 20,203,442 Class A Ordinary Shares. This represents approximately 36.4% of the 55,569,794 shares outstanding as of the Issuer's last reported count. The voting and investment power over these shares is managed by KMBP's board of directors, which currently includes Mark Qiu, Yu Chun Yin, and Bai Wei. No single director is deemed to have individual beneficial ownership under the 'rule of three'.