Company: SCAG
Filing Date: 2025-11-12
Form Type: 20-F
Source: 0001213900-25-109190
Chunk: 235

Company: Scage Future
Filing Date: 2025-11-12
Form: 20-F
Item: Item 19
Chunk 235
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 have any unrecognized uncertain tax positions and the Group does not believe that its unrecognized
tax benefits will change over the next twelve months. For the years ended June 30, 2025, 2024 and 2023, the Group did not incur any interest
and penalties related to potential underpaid income tax expense. In general, the PRC tax authority has up to five years to conduct examinations
of the Group’s tax filings. As of June 30, 2025, tax years from 2020 through 2024 for the Group’s affiliated entities in
the PRC remain open for statutory examination by the PRC tax authorities.

  17.      SHARE-BASED   

Currently,
the Group does not maintain any recurring stock-based incentive program, except for the one-off share-based payment to an external capital
market advisor in June, 2025. This one-off share-based payment relates to 200,000 1,800,000 nil nil

  18.      NET             

The
following table sets forth the basic and diluted net loss per share computation and provides a reconciliation of the numerator and denominator
for the years presented:

                                                                      For the years ended June 30,                                                                          
                                                                      2025                                                2024                       2023                   
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Numerator:                                                                                                                                                                
  Net loss attributable to Scage Future                               $                                 ( 12,943,787      $         ( 7,665,829      $         ( 9,614,387  
  Denominator:                                                                                                                                                              
  Weighted average number of ordinary shares – basic and diluted                                          72,243,992                 50,716,451                 50,716,451  
  Net loss per ordinary share                                                                                                                                               
  – Basic and diluted                                                 $                                       ( 0.18      $              ( 0.15      $              ( 0.19  

Basic
and diluted net loss per ordinary share is computed using the weighted average number of ordinary shares outstanding during the years.
There is no accretion for convertible redeemable preferred shares and redeemable non-controlling interests during the years. The effects
of all outstanding convertible redeemable preferred shares and any shares subject to conversion from convertible debts were excluded
from the computation of diluted loss per share in each of the applicable periods as their effects would be anti-dilutive during the respective
years. For the