Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 531

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 531
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 of ADSs, you irrevocably agree that any legal action arising out of the Deposit Agreement, the ADSs or the ADRs, involving the Company or the Depositary, may only be instituted in a state or federal court in the city of New York. AS A PARTY TO THE DEPOSIT AGREEMENT, YOU IRREVOCABLY WAIVE, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, YOUR RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF THE DEPOSIT AGREEMENT, THE ADSs, OR THE ADRs AGAINST US AND / OR THE DEPOSITARY BANK. The deposit agreement provides that, to the extent permitted by law, ADS holders waive the right to a jury trial of any claim they may have against us or the depositary bank arising out of or relating to our ordinary shares, the ADSs or the deposit agreement, including any claim under U.S. federal securities laws. If we or the depositary bank opposed a jury trial demand based on the waiver, the court would determine whether the waiver was enforceable in the facts and circumstances of that case in accordance with applicable case law. However, you will not be deemed, by agreeing to the terms of the deposit agreement, to have waived our or the depositary’s compliance with U.S. federal securities laws and the rules and regulations promulgated thereunder. 278 ENFORCEABILITY OF CIVIL LIABILITIES PubCo is a Cayman Islands holding company with no material operations of its own. Following the Business Combination, PubCo will conduct its operations in China through Scage International and its subsidiaries in China. Following the Closing, a majority of PubCo’s assets, management team and directors will be based in China. Service of process upon PubCo, its officers and these directors may be difficult to obtain within the United States and any judgment obtained in the U.S. against PubCo and these individuals may not be collectible within the U.S. See “Risk Factors—Risks Related to Doing Business in China—You may experience difficulties in effecting service of legal process, enforcing foreign judgments or bringing actions in China or Cayman Islands against us or our management named in this proxy statement/prospectus based on foreign laws” and “Risk Factors—Risks Related to PubCo’s Securities—You may face difficulties in protecting your interests, and your ability to protect your rights through U.S. courts may be limited.” PubCo has irrevocably appointed Cog