Company: SCAG
Filing Date: 2025-11-12
Form Type: 20-F
Source: 0001213900-25-109190
Chunk: 242

Company: Scage Future
Filing Date: 2025-11-12
Form: 20-F
Item: Item 19
Chunk 242
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 Company to disclose the financial statements for the parent company.

The
condensed financial information of the parent company, Scage Future, has been prepared using the same accounting policies as set out
in Company’s consolidated financial statements except that the parent company has used the equity method to account for its investment
in its subsidiaries. The Company’s investment in subsidiaries is stated at cost plus equity in undistributed earnings of subsidiaries.

The
Company’s share of income and losses from its subsidiaries is reported as share of income or loss from subsidiaries in the accompanying
condensed financial information of parent company.

The
Company is incorporated in the Cayman Islands. Under the current laws of the Cayman Islands. The Company is not subject to income or
capital gains taxes. In addition, dividend payments are not subject to withholdings tax in the Cayman Islands.

Unaudited
condensed balance sheets

                                                                                                                                                                                                    As of June 30,                                                
                                                                                                                                                                                                    2025                                  2024                    
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Assets                                                                                                                                                                                                                                                          
  Current assets                                                                                                                                                                                                                                                  
  Cash                                                                                                                                                                                              $                   365               $                2,665  
  Prepaid expenses and other current assets                                                                                                                                                                             -                                 42,700  
  Amounts due from related parties                                                                                                                                                                                      15,222                           229,157  
  Total current assets                                                                                                                                                                                                  15,587                           274,522  
  Non-current assets                                                                                                                                                                                                                                              
  Deferred offering costs                                                                                                                                                                                               -                                 50,320  
  Investment in subsidiaries                                                                                                                                                                                            163,670                                -  
  Total non-current assets                                                                                                                                                                                              163,670                           50,320  
  Total assets                                                                                                                                                                                      $                   179,257           $              324,842  
  Liabilities                                                                                                                                                                                                                                                     
  Current liabilities                                                                                                                                                                                                                                             
  Accrued expenses and other payables                                                                                                                                                               $                   790,617           $                5,000  
  Accounts payable                                                                                                                                                                                                      4,930                                  -  
  Total current liabilities                                                                                                                                                                                             795,547                            5,000  
  Non-current liabilities                                                                                                                                                                                                                                         
  Investment deficit in subsidiaries                                                                                                                                                                                    -                              2,253,434  
  Total non-current liabilities                                                                                                                                                                                         -                              2,253,434  
  Total liabilities                                                                                                                                                                                                     795,547                        2,258,434  
  Mezzanine