Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 230

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 230
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Co Ordinary Shares. Holders of PubCo ADSs may not receive voting materials in time to instruct the depositary bank to vote, and it is possible that holders of PubCo ADSs, or persons who hold their PubCo ADSs through brokers, dealers or other third parties, will not have the opportunity to exercise their right to vote. The voting rights of holders of PubCo ADSs are limited by the terms of the deposit agreement, and holders of PubCo ADSs may not be able to exercise rights to direct how the PubCo Ordinary Shares represented by PubCo ADSs are voted. A holder of the PubCo ADSs may only exercise the voting rights with respect to the underlying PubCo Ordinary Shares in accordance with the provisions of the deposit agreement. Upon receipt of voting instructions of a holder of PubCo ADSs in the manner set forth in the deposit agreement, the depositary bank will endeavor to vote the underlying PubCo Ordinary Shares in accordance with these instructions. When a general meeting is convened, holders of PubCo ADSs may not receive sufficient notice of a shareholders’ meeting to permit them to withdraw the PubCo Ordinary Shares underlying the PubCo ADSs to allow them to cast their votes with respect to any specific matter. In addition, the depositary bank and its agents may not be able to send voting instructions to holders of PubCo ADSs or carry out their voting instructions in a timely manner. PubCo will make all reasonable efforts to cause the depositary bank to extend voting rights to holders of PubCo ADSs in a timely manner, but PubCo cannot assure such holders that they will receive the voting materials in time to ensure that they can instruct the depositary bank to vote their shares. Furthermore, the depositary bank will not vote on any matter for which voting is conducted on a show of hands basis in accordance with PubCo’s Amended and Restated Memorandum and Articles of Association and will not have an obligation to demand voting on a poll basis. The depositary bank and its agents will not be responsible for any failure to carry out any instructions to vote, for the manner in which any vote is cast, or for the effect of any such vote. As a result, holders of PubCo ADSs may not be able to exercise their right to vote and may lack recourse if their equity shares are not voted as requested. 89 PubCo and the depositary bank are entitled to amend the deposit agreement and to change the rights of PubCo ADS holders under the terms of such agreement, and PubCo may terminate