Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 380

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 380
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,070 |     | 104.9 |     | 6,361,937 |     | 1,452.6 |

General and administrative expense Our general and administrative expenses mainly consist of (1) employee compensation, (2) professional service fees, (3) business development expenses, (4) provision for credit losses of financial assets, and (5) other expenses related to general and administrative personnel. Research and development expenses Our research and development (“R&D”) expenses mainly consist of (1) employee compensation, (2) materials and supplies expenses related to our R&D functions, and (3) depreciation and rental expenses related to our R&D functions. Selling and marketing expenses Our selling and marketing expenses mainly consist of (1) employee compensation, (2) marketing and advertising expenses, and (3) depreciation and rental expenses for leased properties related to our marketing functions. Impairment loss of long-lived assets If the sum of the expected undiscounted cash flow is less than the carrying amount of the long -livedassets, we would recognize an impairment loss, which is the excess of carrying amount over the fair value of the assets, using the market approach. Other (expenses)/income, net Other (expenses)/income consists of interest expenses, net, investment income from short -terminvestments and other income, net. Interest expenses, net mainly consist of interest income and expenses, bank charges and exchange gain or loss. Investment income from short -terminvestments mainly consists of proceeds of interest from maturities of short -terminvestments. Other income, net primarily consists of government subsidy and gain from disposal of property and equipment. Taxation Cayman Islands We are incorporated in the Cayman Islands. Under the current laws of the Cayman Islands, we are not subject to income or capital gains taxes. In addition, dividend payments are not subject to withholdings tax in the Cayman Islands.

186 British Virgin Islands Under the current laws of the British Virgin Islands, entities incorporated in British Virgin Islands are not subject to tax on their income or capital gains. Hong Kong According to Tax Amendment No. 3 Ordinance 2018 published by the Hong Kong government, effective April1, 2018, under the two -tieredprofits tax rates regime, the first 2.0million Hong Kong Dollar (“HKD”) of profits of the qualifying group entity will be taxed at 8.25%, and profits above HKD2.0million will be taxed at 16.5%. Under Hong Kong tax