Company: SCAG
Filing Date: 2025-11-12
Form Type: 20-F
Source: 0001213900-25-109190
Chunk: 128

Company: Scage Future
Filing Date: 2025-11-12
Form: 20-F
Item: Item 6
Chunk 128
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 finance from
Tilburg University in the Netherlands in 2001 and a doctor’s degree in finance from the University of Lausanne in 2004.

Mr. Calvin Kunghas served as an independent director of Scage Future since the Closing. He served as Chairman of the Finnovate Board and Chief Executive
Officer of Finnovate from May 2023 to June 2025. Mr. Kung served as a senior director at GDS Holdings Limited, a developer and operator
of data centers in China and Southeast Asia from June 2020 to March 2023. During his tenure at GDS, Mr. Kung coordinated its secondary
listing on the Hong Kong Stock Exchange, the release of its sustainability strategy, and its application for a Singapore development
license. He assisted with other projects at GDS across operations, finance, legal and investor relations. From February 2017 to June
2020, Mr. Kung was director at RADII, a media and marketing platform. Prior to RADII, Mr. Kung worked as a corporate attorney in Beijing
and New York. He began his career in credit research at Goldman Sachs & Co. in New York. Mr. Kung received a bachelor’s degree
from Duke University and Juris Doctor from Northwestern University.

Mr. Yixian Wanghas served as an independent director of Scage Future since the Closing. He is an investment manager and financial advisor. Since 2014,
Mr. Wang has participated in investment projects across industries. Representative projects include Qihoo 360, WeDoctor Group, Didi Chuxing,
and Shandong Tianye. He has also managed real estate and urban renewal funds in China’s first tier cities. From 2009 to 2014, Mr.
Wang served as Assistant Vice President at China Construction Bank International’s Investment Banking Department, responsible for
large-scale mergers and acquisitions and capital markets projects. From 2007 to 2009, Mr. Wang worked at J. P. Morgan and UBS Securities.
Mr. Wang obtained a Bachelor of Science degree from University College London.

Ms. Xiang Jiehas served as the chief financial officer of Scage International and Scage Future since September 2025. Ms. Xiang Jie previously served
as Chief Risk Officer at Nanjing Xinghai Private Fund Management Company, a leading domestic fund management firm, from June 2023 to
October 2025. From 2020 to 2023