Company: SCAG
Filing Date: 2025-11-12
Form Type: 20-F
Source: 0001213900-25-109190
Chunk: 154

Company: Scage Future
Filing Date: 2025-11-12
Form: 20-F
Item: Item 10
Chunk 154
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 Requirements

Certain U. S. holders
holding specified foreign financial assets with an aggregate value in excess of an applicable dollar threshold are required to report
information to the IRS relating to Company ADSs and Assumed Warrants, subject to certain exceptions (including an exception for Company
ADSs and Assumed Warrants held in an account maintained with a U. S. financial institution), by attaching a complete IRS Form 8938,
Statement of Specified Foreign Financial Assets, with their tax return, for each year in which they hold Company ADSs and Assumed Warrants.
U. S. holders should consult their tax advisors regarding the effect, if any, of these rules on the ownership and disposition of
Company ADSs and Assumed Warrants.

Non-U. S. Holders

The section applies to you
if you are a non-U. S. holder. For purposes of this discussion, a non-U. S. holder means a beneficial owner (other than a partnership
or an entity or arrangement so characterized for U. S. federal income tax purposes) of Company Ordinary Shares, ADSs or Assumed Warrants
that is not a U. S. holder, including:

  a nonresident alien individual, other than certain former  

  a foreign corporation; or  

  a foreign estate or trust;  

but generally does not include
an individual who is present in the United States for 183 days or more in the taxable year of disposition.

Ownership and Disposition of Company ADSs
and Assumed Warrants by Non-U. S. Holders

A non-U. S. holder of
Company ADSs or Assumed Warrants will not be subject to U. S. federal income tax or, subject to the discussion below under “ - Information
Reporting and Backup Withholding,” U. S. federal withholding tax on any dividends received on Company ADSs or any gain recognized
on a sale or other disposition of Company ADSs (including, any distribution to the extent it exceeds the adjusted basis in the non-U. S. holder’s
Company ADSs) or Assumed Warrants unless the dividend or gain is effectively connected with the non-U. S. holder’s conduct
of a trade or business in the United States, and if required by an applicable tax treaty, is attributable to a permanent establishment
maintained by the non-U. S. holder in the United States. In addition, special rules may apply to a non-U. S. holder that
is an individual present in the