Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 566

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 566
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. 4.ACCOUNTS RECEIVABLE, NET Accounts receivable, net consisted of the following:

|                                   |     | As of June 30, |      2024 |   |     |   |   2023 |   |
|:----------------------------------|:----|:---------------|----------:|:--|:----|:--|-------:|:--|
| Accounts receivable               |     | $              | 2,085,535 |   |     | $ | 86,605 |   |
| Less: Provision for credit losses |     |                |   (79,535 | ) |     |   | (6,668 | ) |
| Accounts receivable, net          |     | $              | 2,006,000 |   |     | $ | 79,937 |   |

For the year ended June 30, 2024, the Group pledged US$4,906,529 (RMB35,656,730) of accounts receivable owned or entitled to dispose of by law as the pledged assets to provide guarantee for the short -termloan contract of US$1,376,046 (RMB10,000,000) signed with China Everbright Bank (Note 9). Provisions for credit losses of US$73,310 and US$6,953 were recorded for the years ended June 30, 2024 and 2023, respectively. Movement of allowance for credit losses was as follows:

|                                         |     | For the years ended 
 June 30,            |   2024 |   |     |   |  2023 |   |
|:----------------------------------------|:----|:--------------------|-------:|:--|:----|:--|------:|:--|
| Balance at beginning of the year        |     | $                   |  6,668 |   |     | $ |     — |   |
| Add: Provision for credit losses        |     |                     | 73,310 |   |     |   | 6,953 |   |
| Foreign currency translation adjustment |     |                     |   (443 | ) |     |   |  (285 | ) |
| Balance at the end of the year          |     | $                   | 79,535 |   |     | $ | 6,668 |   |

F-28

SCAGE INTERNATIONAL LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS