Company: SCAG
Filing Date: 2025-11-12
Form Type: 20-F
Source: 0001213900-25-109190
Chunk: 72

Company: Scage Future
Filing Date: 2025-11-12
Form: 20-F
Item: Item 4
Chunk 72
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 warrants of Finnovate, except that
they shall represent the right to acquire ADS or Ordinary Shares in lieu of Finnovate Ordinary Shares; (4) each Finnovate Ordinary
Share for which a holder had validly exercised its right of redemption was surrendered and cancelled and shall cease to exist; and (5) each
then issued and outstanding ordinary share of Merger Sub II, par value US$0.0001 per share, was converted into and exchanged for
one ordinary share of Finnovate as the surviving entity of the Second Merger.

On June 30, 2025, the ADSs
and the Assumed Warrants of the Company commenced trading on The Nasdaq Stock Market LLC (“ Nasdaq”) under the symbols “ SCAG”
and “ SCAGW,” respectively.

B. Business Overview

Our Mission

Decarbonize and power the
global commercial transportation industry with our next-generation zero-emission technologies and e-fuel solutions, championing
a sustainable future.

Overview

We are a pioneering and leading
zero-emission solution provider in China, focusing on the development and commercialization of heavy-duty NEV trucks and e-fuel solutions.
We have participated in the design, production and testing of several NEV trucks, covering application scenarios for logistics, mining
and port transportation. Galaxy IItruck that we collaborated in developing is one of the earliest hybrid heavy-duty NEV
trucks commercialized in China.

We provide
technology-empowered NEV trucks to address the diverse commercial transportation needs of our global customers. Our current
vehicle offerings include Dragon King, a plug-in hybrid dump truck, primarily designed for mining and other
heavy-duty loading and offloading uses, Galaxy II, a plug-in hybrid truck, primarily designed for
long-distance road transportation and logistics services, Q-truck, an autonomous tractor trailer, that can be widely
used in smart transportation scenarios, Andromeda, an all-electric semi-tractor truck, primarily designed for road and port
transportation, Andromeda+, a hydrogen-electric hybrid semi-tractor truck, primarily designed for long-distance road and port
transportation, and Sky Turtle, an unmanned, plug-in hybrid dump truck, primarily designed for off-road, mining uses. We also
offer two farm tractor models, EV-2604 - Unmanned Farm TractorandEV-2604 - Electric Farm Tractor. Our
pipeline includes all-electric port tractors, long-endurance hybrid power tractors, and wide-body