Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 256

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 256
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 Stone Capital Limited is a private equity management company founded in October 2017 by Mr. Xiaoma (Sherman) Lu and Mr. Chunyi (Charlie) Hao. East Stone Capital Limited was formed for the purpose of engaging in emerging markets and emerging industries. East Stone Capital Limited spearheaded the initial public offering of East Stone Acquisition Corporation (“ESSC”) in February 2020 and completed ESSC’s de -SPACtransaction in November 2022. East Stone Capital Limited also acquired a majority interest in the sponsor of Tristar Acquisition I Corporation (“TRIS”) in July 2023, and TRIS completed a de -SPACtransaction in August 2024. During the first quarter of 2023, East Stone Capital Limited engaged in discussions for potential investment opportunities, including de -SPACtransactions. One of such opportunities involved the acquisition of the sponsor interests in Finnovate, which was nearing its liquidation date. In March 2023, Mr.Lu had a meeting with Mr.Kung to discuss the opportunity, and facilitated an introduction to Finnovate’s sponsor. After being introduced to Finnovate, Mr.Kung assembled a team to facilitate the takeover of the Sponsor. East Stone Capital Limited provided advice and expertise in structuring and executing the Sunorange Investment, but did not contribute capital or cash to the transaction. East Stone Capital Limited has also advised Mr.Kung from time to time since the Sunorange Investment, providing valuable insights based on its prior SPAC transactions. In addition, Mr.Hao was elected to the Finnovate Board in May 2023 on account of his significant SPAC expertise and relationship networks. For more information about Mr.Hao’s background, please see the section entitled “Management of Finnovate.” As consideration for consulting services related to Sunorange’s takeover of the Sponsor, East Stone Capital Limited was granted an indirect beneficial interest in 300,000 Founder Shares through its stake in Jemapellehelene Holding Limited. Description of Negotiations between Finnovate and Scage International Upon execution of the Investment Agreement with the Sponsor on April 27, 2023, Mr. Kung contacted Mr. Yixian (Ethan) Wang, a mutual business acquaintance of several years. From 2002 to 2007, Mr. Wang studied in the U.K. From 2008 to 2014, Mr. Wang worked in the investment research division of J.P. Morgan and UBS, and in the investment banking did not contribute capital or cash to