Company: SCAG
Filing Date: 2025-11-12
Form Type: 20-F
Source: 0001213900-25-109190
Chunk: 238

Company: Scage Future
Filing Date: 2025-11-12
Form: 20-F
Item: Item 19
Chunk 238
---
                                  11,855      -        
  Mr. Linfang Dong                                     Repayments of the loan from a related party                                     -                                       -      11,505   
  Scage Future                                         Advance to related parties for daily operation before Business Combination      -                                  39,489      -        

F-42

SCAGE
FUTURE

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

(In
U. S. dollars, except for share and per share data, or otherwise noted)

  20.      RELATED                     

Related
parties balance

Amounts
due from related parties as of June 30, 2025 and 2024 were as follows:

                                                                                       As of June 30,                                      
  Related parties                                        Nature                        2025                            2024                
  Due from Scage Future before Business Combination      Advances                      $                   -           $           39,489  
  Nanjing Feiqizhi Logistics Technology Co., Ltd.        Lease income receivables                          -                       14,036  
  Mr. Yuanchi Guo                                        Advances                                          11,387                       -  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Gross amount                                                                                             11,387                  53,525  
  Less: Provision for doubtful accounts                                                                    -                     ( 14,036  
  Total amount due from related parties                                                $                   11,387      $           39,489  

Reversal
of provisions for amount due from related parties of US$ 14,138 11,792 2,417

Amounts
due to related parties as of June 30, 2025 and 2024 were as follows:

                                                                                           As of June 30,                                        
  Related parties                                       Nature                             2025                               2024               
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Amounts due to related parties, current                                                                                                        
  Finnovate Sponsor L. P.                               Payments for daily operations      $                   1,269,819      $         -        
  Mr. Chao Gao (1)                                      Loan and interest payable                                398,061                181,715  
  Mr. Jimin An                                          Loan and interest payable                                209,651                43,548   
  Mr. Jianhua Xia                                       Payments for daily operations                              2,513                -        
  Mr.