Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 114

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 114
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in relation to the overseas listing activities of PRC enterprises, the PRC enterprises are required to strictly comply with the relevant requirements on confidentiality and archives management, establish a sound confidentiality and archives system, and take necessary measures to implement their confidentiality and archives management responsibilities; •during the course of an overseas offering and listing, if a PRC enterprise needs to publicly disclose or provide to securities companies, securities service providers or overseas regulators, any materials that contain relevant state secrets, government work secrets or information that has a sensitive impact (i.e., be detrimental to national security or the public interest if divulged), the PRC enterprise should complete the relevant approval/filing and other regulatory procedures; and 21 •working papers produced in the PRC by securities companies and securities service providers, which provide PRC enterprises with securities services during their overseas issuance and listing, should be stored in the PRC, and competent PRC authorities must approve the transmission of all such working papers to recipients outside the PRC. Any failure or perceived failure by Scage International to comply with the Archives Rules and the confidentiality requirements and other PRC laws and regulations may result in Scage International being held legally liable by competent authorities. Regulatory Licenses for Scage International’s Operations in China Certain aspects of Scage International’s business depend on obtaining and maintaining licenses, approvals, permits or qualifications from, or completing filing or record procedures with, PRC regulators. Obtaining such approvals, licenses, permits or qualifications depends on Scage International’s compliance with regulatory requirements. PRC regulatory authorities also have discretion to grant, renew and revoke licenses and approvals and to implement laws and regulations, to certain extent subject to PRC laws and regulations. Based on PRC laws and regulations currently in effect and the legal advice of Scage International’s PRC counsel, Jingtian & Gongcheng, and subject to different interpretations of these laws and regulations that may be adopted by PRC authorities, each of the PRC Subsidiaries has obtained a business license, and no other specific permission or approval is required of Scage International or the PRC Subsidiaries to conduct their current business in China as of the date of this proxy statement/prospectus. Pursuant to the Administrative Measures on Automobile Sales, which was promulgated by MOFCOM on April5, 2017 and became effective on July1, 2017, Nanjing Scage and its subsidiary, Xinjiang Scage Chuangyuan Automobile Technology Co., Ltd., filed with MOFCOM as automobile dealers. Apart