Company: SCAG
Filing Date: 2025-07-03
Form Type: 20-F
Source: 0001213900-25-061408
Chunk: 108

Company: Scage Future
Filing Date: 2025-07-03
Form: 20-F
Item: Item 10
Chunk 108
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 the A&R MAA may discourage, delay or prevent a change of control of us or management that shareholders may consider favorable, including provisions that:
 

●                                              authorize our board of directors to issue preferred                                            
    shares in one or more series and to designate the price, rights, preferences, privileges and restrictions of such preferred shares without
                                               any further vote or action by our shareholders; and                                            
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●   limit the ability of shareholders to requisition
     and convene general meetings of shareholders.  
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However, under Cayman Islands law, our directors may only exercise the rights and powers granted to them under the A&R MAA for a proper purpose and for what they believe in good faith to be in the best interests of us.
 
C. Material Contracts
 
Information regarding certain material contracts we entered in connection with the Business Combination is set forth in “Item 4. Information on the Company—A. History and Development of the Company.”
D. Exchange Controls
 
There are no governmental laws, decrees, regulations or other legislation in the Cayman Islands that may affect the import or export of capital, including the availability of cash and cash equivalents for use by us, or that may affect the remittance of dividends, interest, or other payments by us to non-resident holders of Cayman Islands of our Ordinary Shares. There is no limitation imposed by laws of Cayman Islands or in the A&R MAA on the right of non-residents to hold or vote shares.
 
For PRC laws relating to exchange controls that are applicable to us and the PRC Subsidiaries, see “Regulations Applicable to Scage International’s Business—Regulations Relating to Foreign Currency Exchange” in the Form F-4, which is incorporated herein by reference.
 
E. Taxation
 
The material United States federal income tax consequences of owning and disposing of our securities following the Business Combination are described in the Form F-4 in the sections entitled “U.S. Federal Income Tax Considerations,” which is incorporated herein by reference.
F. Dividends and Paying Agents
 
We have no current plans to pay dividends. We do not currently have a paying agent.
 
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G. Statement by Experts
 
The consolidated financial statements of Scage Future as of June 30, 2024 and for the period from July 14, 2023 (inception) through June 30, 2024 included in this Report have been audited by Marcum Asia CPAs LLP, an