Company: SCAG
Filing Date: 2025-11-12
Form Type: 20-F
Source: 0001213900-25-109190
Chunk: 76

Company: Scage Future
Filing Date: 2025-11-12
Form: 20-F
Item: Item 4
Chunk 76
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 designed for road and port
transportation, Andromeda+, a hydrogen-electric hybrid semi-tractor truck, primarily designed for
long-distance road and port transportation, and Sky Turtle, an unmanned, plug-in hybrid dump truck, primarily
designed for off-road, mining uses. We also offer two farm tractor models, EV-2604 - Unmanned Farm TractorandEV-2604 - Electric
Farm Tractor. We have also made achievements in developing all-electric port tractors, long-endurance hybrid power
tractors, and wide-body, high-power hybrid mining vehicles, represented by ourAndromeda,
Andromeda+and Sky Turtlemodels, respectively.

We have made substantial
improvements over time to better align with customer needs. We guide and assist customers in establishing energy supply stations, including
advanced solar-storage supercharging networks and self-sufficient hydrogen supply stations. Our industry reputation, backed
by our high-quality product and service offerings, has attracted a great number of domestic and international customers for business
cooperation.

Proprietary technologies underpinned by
strong R& D capabilities and collaborations

We believe our R& D capabilities
form the cornerstone of our competitiveness and long-term growth. We boast a robust research and development team with extensive
experience. As of June 30, 2025, we had 39 full-time R& D staff, accounting for 39.4% of our total workforce. Such low adoption
rate is mainly due to the absence of suitable products and energy supply systems, as traditional heavy-duty truck manufacturers
lack the research and development capabilities for heavy-duty NEV systems.

We have independently developed
our electric control and steering system, IDHP system and SOEC hydrogen production technology to address this issue. Specifically, centering
on truck chassis, the IDHP system integrates multi-motors, automatic transmission and electric control and exhibits remarkable reliability
and scalability. This allows us to flexibly configure truck chassis structures and enable product diversification. The modularized IDHP
system demonstrates high energy efficiency and large power capacity, which increases our vehicles’ load capacity. It is also small
in size and convenient for installation. Our hybrid power system is further integrated with an electric propulsion system that saves
chassis space for battery placement, or a hydrogen supply system without compromising the vehicle’s aerodynamic structure.

We incorporate advanced algorithms
to precisely allocate power to each wheel, reducing energy loss, enhancing road adaptability, increasing range, and lowering operating