Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 368

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 368
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 filings with the NDRC in relation to the project investments in manufacturing the electric vehicles, having capabilities in the design, development and manufacture of automotive products, ensuring product consistency, and providing after -salesservices and product safety assurance. Under the Administrative Regulations on Compulsory Product Certification (which was promulgated by the State Administration for Market Regulation (the “SAMR”) on September 29, 2022 and became effective on November 1, 2022) and the List of the First Batch of Products Subject to Compulsory Product Certification (which was promulgated by the QSIQ in association with the State Certification and Accreditation Administration Committee on December 3, 2001 and became effective on May 1, 2002), the SAMR is responsible for the regulation and quality certification of automobiles. Automobiles and parts and components must not be sold, exported or used in operating activities until they are certified by designated certification authorities of the PRC as qualified products and granted certification marks. Regulations Relating to Automobile Sales and Product Liability According to the Administrative Measures on Automobile Sales, which was promulgated by MOFCOM on April 5, 2017 and became effective from July 1, 2017, the local commerce authorities above the county level shall supervise and manage the sale of automobiles and their related service activities within their administrative areas; automobile suppliers and dealers, after receiving a business license, are required to file the basic information through the information management system for the national automobile circulation operated by the competent commerce department of the State Council within 90 days; and such automobile suppliers and dealers must update any change to their filed information within 30 days upon such change in information. If the automobile suppliers or dealers fail to complain with the filing requirement, the competent local commerce departments at or above county level shall order correction and issue a warning or a maximum fine of RMB10,000. Automobile suppliers and dealers shall sell the automobiles, accessories and other related products that comply with relevant national regulations and standards. Dealers shall make clear in their business premises the prices of the products sold and the standard charges for various services, and shall not increase the price of sales nor charge additional fees beyond the marked price. In respect of the vehicle products for sales, dealers shall also make clear the quality assurance, the warranty services and other after -salesservice policies that consumers need to know. Pursuant to the Product Quality Law of PRC promulgated on February 22, 1993 and lastly amended on December 29