Company: SCAG
Filing Date: 2025-11-12
Form Type: 20-F
Source: 0001213900-25-109190
Chunk: 159

Company: Scage Future
Filing Date: 2025-11-12
Form: 20-F
Item: Item 10
Chunk 159
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 series), the applicable ADS issuance, cancellation, transfer and conversion fees
will be payable by the Holder whose ADSs are converted or by the person to whom the converted ADSs are delivered.

In the event of refusal
to pay the depositary fees, the depositary may, under the terms of the deposit agreement, refuse the requested service until payment
is received or may set off the amount of the depositary fees from any distribution to be made to the ADS holder. Certain depositary fees
and charges (such as the ADS services fee) may become payable shortly after the closing of the ADS offering. Note that the fees and charges
you may be required to pay may vary over time and may be changed by us and by the depositary. You will receive prior notice of such changes.
The depositary may reimburse us for certain expenses incurred by us in respect of the ADR program, by making available a portion of the
ADS fees charged in respect of the ADR program or otherwise, upon such terms and conditions as we and the depositary agree from time
to time.

Amendments and Termination

We may agree with the depositary
to modify the deposit agreement at any time without your consent. We undertake to give holders 30 days’ prior notice of any modifications
that would materially prejudice any of their substantial rights under the deposit agreement. We will not consider to be materially prejudicial
to your substantial rights any modifications or supplements that are reasonably necessary for the ADSs to be registered under the Securities
Act or to be eligible for book-entry settlement, in each case without imposing or increasing the fees and charges you are required to
pay. In addition, we may not be able to provide you with prior notice of any modifications or supplements that are required to accommodate
compliance with applicable provisions of law.

You will be bound by the
modifications to the deposit agreement if you continue to hold your ADSs after the modifications to the deposit agreement become effective.
The deposit agreement cannot be amended to prevent you from withdrawing the Ordinary Shares represented by your ADSs (except as permitted
by law).

We have the right to direct
the depositary to terminate the deposit agreement. Similarly, the depositary may in certain circumstances on its own initiative terminate
the deposit agreement. In either case, the depositary must give notice to the holders at least 30 days before termination. Until termination,
your rights under the deposit agreement will be unaffected.

After termination, the depositary
will continue to collect distributions received (but will