Company: SCAG
Filing Date: 2025-07-03
Form Type: 20-F
Source: 0001213900-25-061408
Chunk: 50

Company: Scage Future
Filing Date: 2025-07-03
Form: 20-F
Item: Item 1
Chunk 50
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  Research and development               37                 39  
  Sales and marketing                    11                 11  
  Manufacturing                          19                 20  
  General and administration             29                 30  
  Total                                  96                100  

We believe we offer our employees
competitive compensation packages and a dynamic work environment that encourages initiative and is based on merit. As a result, we have
been able to attract and retain talented personnel and maintain a stable core management team. We believe that we maintain a good working
relationship with our employees, and we have not experienced any major labor disputes. None of our employees are represented by a labor
union.

As required by PRC regulations,
we participate in various government statutory employee benefit plans, including social insurance, namely pension insurance, medical insurance,
unemployment insurance, work-related injury insurance and maternity insurance, and housing funds. We are required under PRC law to
make contributions to employee benefit plans at specified percentages of the salaries, bonuses and certain allowances of our employees,
up to a maximum amount specified by the local government regulations from time to time.

We enter into standard labor
and confidentiality agreements with all employees and non-compete agreements with our core employees. The non-compete restricted
period typically expires two years after the termination of employment.

E. Share Ownership

The following table sets
forth information regarding the beneficial ownership of our Ordinary Shares as of the date of this Report by:

  each person known by us to be the beneficial               

  each of our officers and directors; and  

  all our officers and directors as a group.  

The calculations in the table
below are based on 72,243,992 Ordinary Shares issued and outstanding as of the date of this Report.

 ────────────────────────────────────────────────────────────────────────────────────────
  Directors and Executive Officers (1):                                                 
  Chao Gao (2)                                          45,441,182      62.9      62.9  
  Yuanchi Guo (3)                                        3,903,900       5.4       5.4  
  Ziqian Guan (4)                                        3,123,110       4.3       4.3  
  Kevin Chen                                                     —         —         —  
  Qiuliang Peng                                                  —         —         —  
  Calvin Kung                                               25,000       0.0       0.0  
  Yixian Wang                                                    —