Company: SCAG
Filing Date: 2025-11-12
Form Type: 20-F
Source: 0001213900-25-109190
Chunk: 191

Company: Scage Future
Filing Date: 2025-11-12
Form: 20-F
Item: Item 19
Chunk 191
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F-9

SCAGE
FUTURE

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

(In
U. S. dollars, except for share and per share data, or otherwise noted)

  ORGANIZATION                      
  AND PRINCIPAL ACTIVITIES (cont.)  
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As
of June 30, 2025, the Company’s major subsidiaries are as follows:

  Name                                                                               Controlled by            Date of                Percentage of Effective Ownership      Principal Activities                                                                                                                                                                                  
                                                                                                              Incorporation                                                                                                                                                                                                                                                       
  Scage International                                                                The Company              December 8, 2021                                    100%      Investment holding                                                                                                                                                                                    
  Finnovate                                                                          The Company              March 15, 2021                                      100%      Investment holding                                                                                                                                                                                    
  Scage BVI                                                                          Scage International      December 21, 2021                                   100%      Investment holding                                                                                                                                                                                    
  Scage HK                                                                           Scage BVI                January 3, 2022                                     100%      Investment holding                                                                                                                                                                                    
  Scage U. S. Corporation (“ Scage US”)                                              Scage HK                 February 21, 2024                                   100%      Investment holding                                                                                                                                                                                    
  Scage WFOE                                                                         Scage HK                 December 1, 2021                                    100%      Investment holding                                                                                                                                                                                    
  Scage Nanjing                                                                      Scage WFOE               June 3, 2019                                        100%      Research and development of new energy vehicle technology, electronic devices and machinery; wholesale and retail of new energy vehicle, production and testing equipment, auto parts, electronic...  
  Nanjing Scage Intelligent Technology Co., Ltd. (“ Scage Intelligent Nanjing”)      Scage Nanjing            May 17, 2021                                        100%      Vehicle rental, propose to engage in vehicle research and development, trial production, road test and other services and to cooperate with other entities on research and development according ...  
  Scage (Beijing) Automotive Technology Co., Ltd. (“ Scage Beijing”)                 Scage Nanjing            April 12, 2021                                      100%      No actual operation, propose to engage in research and development of battery in the future                                                                                                           
  Scage (Shanghai) New Energy Technology Co., Ltd. (“ Scage Shanghai NET”)           Sc