Company: SCAG
Filing Date: 2025-11-12
Form Type: 20-F
Source: 0001213900-25-109190
Chunk: 96

Company: Scage Future
Filing Date: 2025-11-12
Form: 20-F
Item: Item 4
Chunk 96
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commercial NEVs will be among the first to market, or that competitors will not build hydrogen fueling stations that compete with our
planned stations. Even if our vehicles are first to market, we cannot assure you that customers will choose our vehicles over other commercial
NEVs or over commercial diesel vehicles.

Intellectual Property

As of June 30, 2025,
we had registered 102 patents, 15 trademarks, 10 software copyrights and one domain name in China. In addition, we had 32 pending
patent applications as of the same date.

Employees

As of June 30, 2025, we had 99 employees, all of whom were located
in China. As of the date of this annual report, we have not experienced, and do not expect to experience, labor shortages that impact
our business. The following table sets forth the number of our employees by function as of June 30, 2025.

  Function                        Number of      Percentage of  
                                  Employees              Total  
 ────────────────────────────────────────────────────────────────
  Research and development               39               39.4  
  Sales and marketing                     9                9.1  
  Manufacturing                          17               17.2  
  General and administration             34               34.3  
  Total                                  99                100  

We believe we offer our employees
competitive compensation packages and a dynamic work environment that encourages initiative and is based on merit. As a result, we have
been able to attract and retain talented personnel and maintain a stable core management team. We believe that we maintain a good working
relationship with our employees, and we have not experienced any major labor disputes. None of our employees are represented by a labor
union.

As required by PRC regulations,
we participate in various government statutory employee benefit plans, including social insurance, namely pension insurance, medical
insurance, unemployment insurance, work-related injury insurance and maternity insurance, and housing funds. We are required under
PRC law to make contributions to employee benefit plans at specified percentages of the salaries, bonuses and certain allowances of our
employees, up to a maximum amount specified by the local government regulations from time to time.

We enter into standard labor
and confidentiality agreements with all employees and non-compete agreements with our core employees. The non-compete restricted
period typically expires two years after the termination of employment.

Properties

We are currently headquartered
in Nanjing, Jiangsu province, China. As of