Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 579

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 579
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 million at the time of redemption. The redemption period is within two years from the Shareholder Agreement was signed, i.e. from January 24, 2024 to January 23, 2026. (b)Share Swap to Equity Interest in the Group: Guodao would first request Beijing Scage Future to return the investment in full, and then Guodao will reinvest in Scage International Limited to obtain certain percentage of equity interest in Scage International Limited in the form of outbound direct investment (ODI). The percentage of equity interest to be obtained and the entity value of Scage International Limited will be negotiated by both parties at the time of redemption. For initial recognition, on the date the Group received cash investment, the Group initially recorded the carrying amount at cash consideration. In determining subsequent measurement, the Group first attributed noncontrolling interest share of the Beijing Scage Future’s net loss pursuant to ASC 810 -10, then adjust the noncontrolling interest to the maximum redemption amount (if higher) according to ASC 480 -10-S99-3A. The Group recognized the maximum redemption amount including responsibilities of both the Group and the Founder as Guodao can enforce payment of the full obligation against the Group according to the Shareholder Agreement.

| Mezzanine Equity – Redeemable Non-controlling Interests 
 Balance as of June 30, 2023                             |     | Redeemable      
 Non-controlling 
 Interests       |         — |   |
|:--------------------------------------------------------|:----|:----------------|----------:|:--|
| Contribution from redeemable non-controlling interests  |     |                 | 2,765,487 |   |
| Attribution of net loss                                 |     |                 |    (7,738 | ) |
| Accretion of redeemable non-controlling interests       |     |                 | 1,851,388 |   |
| Foreign exchange adjustment                             |     |                 |   (24,153 | ) |
| Balance as of June 30, 2024                             |     | $               | 4,584,984 |   |

F-39 SCAGE INTERNATIONAL LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 14.ORDINARY SHARES The Group’s authorized share capital is US$50,000 divided into 5,000,000,000shares consisting of: (i) 4,968,808,414 are designated as Ordinary Shares with a par value of US$0.00001