Company: SCAG
Filing Date: 2025-11-12
Form Type: 20-F
Source: 0001213900-25-109190
Chunk: 132

Company: Scage Future
Filing Date: 2025-11-12
Form: 20-F
Item: Item 6
Chunk 132
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nominating and corporate governance committee will be to assist the board in:

  screening and recommending                                                                                                                   

  identifying individuals qualified                                                                               

  reviewing the qualifications                                                                                                              

  identifying members of the                                                                                                               

  reviewing and recommending                                                       

  overseeing the evaluation of                

  handling such other matters                                                                    

Code of Ethics

We have adopted a new code
of business conduct (the “ Code of Business Conduct”) that applies to all directors, executive officers and employees. Our
Code of Business Conduct is a “code of ethics,” as defined in Item 406(b) of Regulation S-K. Copies of the Code of Business
Conduct and charters for each of our board committees will be provided without charge upon request from us and are posted on our website.
We will make any legally required disclosures regarding amendments to, or waivers of, provisions of our code of ethics on our Internet
website.

Corporate Governance Guidelines

We have adopted the corporate
governance guidelines in accordance with the corporate governance rules of Nasdaq that serve as a flexible framework within which our
board of directors and its committees operate. These guidelines cover a number of areas including board membership criteria and director
qualifications, director independence, director responsibilities, roles of the Chair of the Board and Chief Executive Officer, meetings
of independent directors, committee responsibilities and assignments, board member access to management and independent advisors, director
communications with third parties, director compensation, director orientation and continuing education, evaluation of senior management
and management succession planning. A copy of our corporate governance guidelines has been posted on our website.

D. Employees

As of June 30, 2025, we had 99 employees, all of whom were located
in China. As of the date of this annual report, we have not experienced, and do not expect to experience, labor shortages that impact
our business. The following table sets forth the number of our employees by function as of June 30, 2025, 2025.

  Function                        Number of      Percentage of  
                                  Employees              Total  
 ────────────────────────────────────────────────────────────────
  Research and development               39               39.4  
  Sales and marketing                     9                9.1  
  Manufacturing                          17               17.2  
  General and administration             34               34.3  
  Total                                  99                100  

We believe we offer our employees
competitive compensation packages and a dynamic work environment that encourages initiative and is based on