Company: SCAG
Filing Date: 2025-11-12
Form Type: 20-F
Source: 0001213900-25-109190
Chunk: 59

Company: Scage Future
Filing Date: 2025-11-12
Form: 20-F
Item: Item 3
Chunk 59
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 are voted.

A holder of the Company ADSs
may only exercise the voting rights with respect to the underlying Ordinary Shares in accordance with the provisions of the deposit agreement.
Upon receipt of voting instructions of a holder of Company ADSs in the manner set forth in the deposit agreement, the depositary bank
will endeavor to vote the underlying Ordinary Shares in accordance with these instructions. When a general meeting is convened, holders
of Company ADSs may not receive sufficient notice of a shareholders’ meeting to permit them to withdraw the Ordinary Shares underlying
the Company ADSs to allow them to cast their votes with respect to any specific matter. In addition, the depositary bank and its agents
may not be able to send voting instructions to holders of Company ADSs or carry out their voting instructions in a timely manner. we
will make all reasonable efforts to cause the depositary bank to extend voting rights to holders of Company ADSs in a timely manner,
but we cannot assure such holders that they will receive the voting materials in time to ensure that they can instruct the depositary
bank to vote their shares. Furthermore, the depositary bank will not vote on any matter for which voting is conducted on a show of hands
basis in accordance with our Amended and Restated Memorandum and Articles of Association and will not have an obligation to demand voting
on a poll basis. The depositary bank and its agents will not be responsible for any failure to carry out any instructions to vote, for
the manner in which any vote is cast, or for the effect of any such vote. As a result, holders of Company ADSs may not be able to exercise
their right to vote and may lack recourse if their equity shares are not voted as requested.

We and the depositary bank are entitled
to amend the deposit agreement and to change the rights of Company ADS holders under the terms of such agreement, and we may terminate
the deposit agreement, without the prior consent of the Company ADS holders.

We and the depositary bank
are entitled to amend the deposit agreement and to change the rights of the Company ADS holders under the terms of such agreement, without
the prior consent of the Company ADS holders. We and the depositary bank may agree to amend the deposit agreement in any way it decides
is necessary or advantageous to it. Amendments may reflect, among other things, operational changes in the Company ADS program, legal
developments affecting Company ADSs or changes in the terms of our business relationship with the depositary bank. In the event that