Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 231

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 231
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 the deposit agreement, without the prior consent of the PubCo ADS holders. PubCo and the depositary bank are entitled to amend the deposit agreement and to change the rights of the PubCo ADS holders under the terms of such agreement, without the prior consent of the PubCo ADS holders. PubCo and the depositary bank may agree to amend the deposit agreement in any way it decides is necessary or advantageous to it. Amendments may reflect, among other things, operational changes in the PubCo ADS program, legal developments affecting PubCo ADSs or changes in the terms of PubCo’s business relationship with the depositary bank. In the event that the terms of an amendment impose or increase fees or charges (other than charges in connection with foreign exchange control regulations, and taxes and/or other governmental charges, delivery and other such expenses) or that would otherwise prejudice any substantial existing right of the ADS holders, such amendment will not become effective as to outstanding ADSs until the expiration of 30 days after notice of that amendment has been disseminated to PubCo ADS holders, and no prior consent of the PubCo ADS holders is required under the deposit agreement. Furthermore, we may decide to terminate the ADS facility at any time for any reason. For example, terminations may occur when PubCo decides to list its ordinary shares on a non -U.S. securities exchange and determine not to continue to sponsor an ADS facility or when PubCo becomes the subject of a takeover or a going -privatetransaction. If the ADS facility will terminate, PubCo ADS holders will receive at least 30 days’ prior notice, but no prior consent is required from them. Under the circumstances that PubCo decides to make an amendment to the deposit agreement that is disadvantageous to PubCo ADS holders or terminate the deposit agreement, the PubCo ADS holders may choose to sell their PubCo ADSs or surrender their PubCo ADSs and become direct holders of the underlying PubCo Ordinary Shares, but will have no right to any compensation whatsoever. Holders of PubCo ADSs may be subject to limitations on transfer of their ADSs. PubCo ADSs are transferable on the books of the depositary bank. However, the depositary bank may close its transfer books at any time or from time to time when it deems necessary in connection with the performance of its duties. The depositary bank may close its books from time to time for a number of reasons, including in connection with corporate events such as a rights offering, during which time the depositary bank needs