Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 379

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 379
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 We believe the impact of new regulatory requirements for vehicle emissions, technological advances, as well as shifting customer needs and expectations are causing the industries to evolve in the direction of zero -emissionsolutions. Our ability to periodically introduce new NEV models will be an important contributor to our future growth. We have launched three NEVs, including Dragon King, Galaxy II and Q -truck, and we plan to continuously introduce new models to expand our product portfolio and customer base. We expect our revenue growth to be driven in part by the continued expansion of our vehicle portfolio. Our ability to control costs and expenses and enhance operational efficiency Our results of operations have been, and will continue to be, affected by our ability to control costs and expenses and enhance our operational efficiency. We cooperate seamlessly with suppliers who have been in the industry for more than 10 years and have our bargaining power over the pricing. Cost -effectivenessis the key to our operational management and profitability. Research and development expenses have historically represented a large portion of our total costs and expenses, consisting primarily of service fees paid to third -partyprofessional technology developers. General and administrative expenses and selling and marketing expenses are important components of our costs. As our business grows, we aim to further improve our operational efficiency by developing technologies and infrastructure across different business functions. We expect to achieve greater operating leverage and increase the productivity of our personnel, allowing us to acquire customers and suppliers more cost -effectivelyand achieve higher operational efficiency. 183

Results of Operations The following tables set forth a summary of our consolidated results of operations, in absolute amount and as a percentage of our revenues for the fiscal years ended June 30, 2024 and 2023. This information should be read together with our consolidated financial statements, unaudited condensed consolidated financial statements and related notes included elsewhere in this proxy statement/prospectus. The results of operations in any period are not necessarily indicative of the results that may be expected for any future period.

|                                     |     | For the fiscal years ended June 30, |   |     |        |   |     |            |   |     |          |   |
|                                     |     |                                2024 |   |     |        |   |     |       2023 |   |     |          |   |
|                                     |     |                                 US$ |   |     |      % |   |     |        US$ |   |     |        % |   |
| Net revenues                        |     |                           6,111,141 |