Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 350

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 350
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 Percentage of 
         Total |   |
| Research and development   |     |        33 |     |          35.5 | % |
| Sales and marketing        |     |        10 |     |          10.8 | % |
| Manufacturing              |     |        19 |     |          20.4 | % |
| General and administration |     |        31 |     |          33.3 | % |
| Total                      |     |        93 |     |           100 | % |

We believe we offer our employees competitive compensation packages and a dynamic work environment that encourages initiative and is based on merit. As a result, we have been able to attract and retain talented personnel and maintain a stable core management team. We believe that we maintain a good working relationship with our employees, and we have not experienced any major labor disputes. None of our employees are represented by a labor union. As required by PRC regulations, we participate in various government statutory employee benefit plans, including social insurance, namely pension insurance, medical insurance, unemployment insurance, work -relatedinjury insurance and maternity insurance, and housing funds. We are required under PRC law to make contributions to employee benefit plans at specified percentages of the salaries, bonuses and certain allowances of our employees, up to a maximum amount specified by the local government regulations from time to time. We enter into standard labor and confidentiality agreements with all employees and non -competeagreements with our core employees. The non -competerestricted period typically expires two years after the termination of employment. Properties We are currently headquartered in Nanjing, Jiangsu province, China. As of June30, 2024, we leased three properties in Nanjing and Beijing for office space and an exhibit and storage center, with an aggregate floor area of 3,900.3 square meters. Insurance Pursuant to PRC regulations, we provide social insurance including pension insurance, unemployment insurance, work -relatedinjury insurance and medical insurance for our employees based in China. We do not maintain business liability or interruption insurance or key -maninsurance to cover our operations in China, which, we believe, is consistent with the customary industry practice in China. Legal Proceedings We may from time to time be subject to various legal or administrative claims and proceedings arising in the ordinary course of our business. We are currently not a party to any material legal or administrative proceedings.

162 Our History and Corporate Structure Scage International is an exempted company with limited liability incorporated in the Cay