Company: SCAG
Filing Date: 2025-11-12
Form Type: 20-F
Source: 0001213900-25-109190
Chunk: 138

Company: Scage Future
Filing Date: 2025-11-12
Form: 20-F
Item: Item 10
Chunk 138
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ITEM 10. ADDITIONAL INFORMATION

A. Share Capital

Our authorized share capital
is US$50,000 divided into 500,000,000 shares comprising (1) 400,000,000 Ordinary Shares of US$0.0001 par value each; and (2) 100,000,000
shares of US$0.0001 par value each of such class or classes (however designated) as our board of directors may determine in accordance
with the A& R MAA. As of the date of this annual report, there are 72,609,665 Ordinary Shares and 21,734,165 Assume Warrants issued
and outstanding.

Certain of our shareholders
are subject to lock-up as described in our registration statement on Form F-4 (File No. 333-281332).

B. Memorandum and Articles of Association

We are a Cayman Islands exempted
company with limited liability. Our affairs are governed by our A& R MAA, the Companies Act and the common law of the Cayman Islands.

The following includes a
summary of the material provisions of the A& R MAA in so far as they relate to the material terms of our Ordinary Shares. The following
summary is not complete and is subject to, and is qualified in its entirety by reference to, the provisions of the A& R MAA, which
has been filed as Exhibit 1.1 to this annual report.

Ordinary Shares

General

All of the issued Ordinary
Shares are fully paid and non-assessable. Certificates representing the ordinary shares are issued in registered form. Our shareholders
who are non-residents of the Cayman Islands may freely hold and vote their ordinary shares.

Dividends

Subject to the provisions
of the Cayman Companies Act and any rights attaching to any class or classes of shares under and in accordance with the A& R MAA:

  the directors may declare dividends                                                   
  or distributions out of our funds which are lawfully available for that purpose; and  
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  our shareholders may, by ordinary                                                                                                     
  resolution, declare dividends but no such dividend shall exceed the amount recommended by the directors. Subject to the requirements  
  of the Cayman Companies Act regarding the application of a company’s share premium account and with the sanction of an ordinary       
  resolution, dividends may also be declared and paid out of any share premium account.                                                 
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