Company: SCAG
Filing Date: 2025-11-12
Form Type: 20-F
Source: 0001213900-25-109190
Chunk: 157

Company: Scage Future
Filing Date: 2025-11-12
Form: 20-F
Item: Item 10
Chunk 157
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 The depositary typically appoints a custodian to safekeep
the securities on deposit. In this case, the custodian is Citibank, N. A. - Hong Kong, having its principal office at 9/F Citi Tower,
One Bay East, 83 Hoi Bun Road, Kwun Tong, Kowloon, Hong Kong,

The form of deposit agreement
for the ADSs and the form of ADRs that represents an ADS have been incorporated by reference as exhibits to this annual report.

Fees and Charges

As an ADS holder, you will
be required to pay the following fees (some of which may be cumulative) under the terms of the deposit agreement:

                                                                                                                                              Fees                                                                    
  Issuance of ADSs (e.g., an issuance of ADS upon a deposit                                                                                   Up to U. S. $5.00 per 100 ADS issued                                    
  Cancellation of ADSs (e.g., a cancellation of ADSs for delivery of                                                                          Up to U. S. $5.00 per 100 ADS cancelled                                 
  Distribution of cash dividends or other cash distributions (e.g., upon                                                                      Up to U. S. $5.00 per 100 ADS held                                      
  Distribution of ADSs pursuant to (i) stock dividends or                                                                                     Up to U. S. $5.00 per 100 ADS held                                      
  Distribution of financial instruments, including, without limitation,                                                                       Up to U. S. $5.00 per 100 ADS held                                      
  ADS Services                                                                                                                                Up to U U. S. $5.00 per 100 ADSs held on the applicable record date(s)  
  Registration of ADS transfers (e.g., upon a registration of the transfer                                                                    Up to U U. S. $5.00 per 100 ADS (or fraction thereof) transferred       
  Conversion of ADSs of one series for ADSs of another series (e.g.,                                                                          Up to U. S. $5.00 per 100 ADS (or fraction thereof) converted           

As an ADS holder you will
also be responsible to pay certain charges (some of which may be cumulative) such as:

  taxes (including applicable interest and penalties) and                                                                                     
  the registration fees as may from time to time be in effect for the                                                                         
  certain cable, telex and facsimile transmission and delivery expenses;                                                                      
  the fees, expenses, spreads, taxes and other charges of the depositary                                                                      
  the reasonable