Company: SCAG
Filing Date: 2025-11-12
Form Type: 20-F
Source: 0001213900-25-109190
Chunk: 26

Company: Scage Future
Filing Date: 2025-11-12
Form: 20-F
Item: Item 3
Chunk 26
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 limit our access to capital markets, harm our results of operations,
and lead to a decline in the trading price of our ADSs. Additionally, ineffective internal control over financial reporting could expose
us to increased risk of fraud or misuse of corporate assets and subject us to potential delisting from Nasdaq, regulatory investigations
and civil or criminal sanctions. We may also be required to restate our financial statements from prior periods.

We are subject to anti-corruption, anti-bribery, anti-money laundering,
financial and economic sanctions and similar laws, and non-compliance with such laws can subject us to administrative, civil
and criminal fines and penalties, collateral consequences, remedial measures and legal expenses, all of which could adversely affect
our business, results of operations, financial condition and reputation.

We are subject to anti-corruption,
anti-bribery, anti-money laundering, financial and economic sanctions and similar laws and regulations in various jurisdictions
in which we conduct activities, including the U. S. Foreign Corrupt Practices Act (the “ FCPA”), the U. K. Bribery
Act 2010, and other anti-corruption laws and regulations. The FCPA and the U. K. Bribery Act 2010 prohibit
us and our officers, directors, employees and business partners acting on our behalf, including agents, from corruptly offering, promising,
authorizing or providing anything of value to a “foreign official” for the purposes of influencing official decisions or
obtaining or retaining business or otherwise obtaining favorable treatment. The FCPA also requires companies to make and keep books,
records and accounts that accurately reflect transactions and dispositions of assets and to maintain a system of adequate internal accounting
controls. The U. K. Bribery Act also prohibits non-governmental “commercial” bribery and soliciting or accepting
bribes. A violation of these laws or regulations could adversely affect our business, results of operations, financial condition
and reputation.

We have direct or indirect
interactions with officials and employees of government agencies and state-owned affiliated entities in the ordinary course of business.
These interactions subject us to an increased level of compliance-related concerns. We have implemented policies and procedures
designed to ensure compliance by us and our directors, officers, employees, representatives, consultants, agents and business partners
with applicable anti-corruption, anti-bribery, anti-money laundering, financial and economic sanctions and similar laws and regulations.
However, our policies and procedures may not be sufficient, and our directors, officers