Company: SCAG
Filing Date: 2025-11-12
Form Type: 20-F
Source: 0001213900-25-109190
Chunk: 166

Company: Scage Future
Filing Date: 2025-11-12
Form: 20-F
Item: Item 15
Chunk 166
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ITEM 15. CONTROLS AND PROCEDURES

Disclosure Controls and Procedures

Our management, with the
participation of our chief executive officer and chief financial officer, has performed an evaluation of the effectiveness of our disclosure
controls and procedures (as defined in Rule 13a-15(e) under the Exchange Act) as of the end of the period covered by this annual report,
as required by Rule 13a-15(b) under the Exchange Act.

As of June 30, 2025, we identified
material weaknesses in our internal control over financial reporting. The material weaknesses identified are mainly as follows:

  insufficient financial reporting and accounting personnel with appropriate knowledge, skills,                                                  

  lack of sufficient controls designed and implemented in IT environment and IT general control                                           

Notwithstanding
the identified material weaknesses,, our management has concluded that, as of June 30, 2025, the information required to be disclosed
by us in the reports that we file or submit under the Exchange Act was recorded, processed, summarized and reported, within the time periods
specified in the SEC’s rules and forms, and that the information required to be disclosed by us in the reports that we file or submit
under the Exchange Act is accumulated and communicated to our management, including our executive officers and directors, to allow timely
decisions regarding required disclosure.

Management’s Annual Report on Internal
Control over Financial Reporting

Our management is responsible
for establishing and maintaining adequate internal control over financial reporting, as such term is defined in Rule 13a-15(f) under the
Exchange Act, for our company. A company’s internal control over financial reporting is a process designed to provide reasonable
assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance
with generally accepted accounting principles.

A company’s internal
control over financial reporting includes those policies and procedures that (i) pertain to the maintenance of records that, in reasonable
detail, accurately and fairly reflect the transactions and dispositions of the assets of the company, (ii) provide reasonable assurance
that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting
principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and
directors of the company, and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition,
use, or disposition of the company’s assets that could have a material effect on the financial statements.

Because of its