Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 572

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 572
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qingcheng Lanyan through conversion of the debt of US$716,947 (RMB5,100,000) from Gongqingcheng Lanyan. During the years ended June 30, 2024 and 2023, the Group received proceeds of US$889,816 (RMB6,345,000) and US$4,398,320 (RMB31,000,000) from Series A Convertible Redeemable Preferred Shares investors, and the receipt of this proceed reduced the balance of receivables for Series A convertible redeemable preferred shares. F-34

SCAGE INTERNATIONAL LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 12.CONVERTIBLE REDEEMABLE PREFERRED SHARES (cont.) As of June 30, 2024 and 2023, the above issued convertible redeemable preferred shares (“Convertible Redeemable Preferred Shares”) in the consolidated balance sheets were stated at the redemption value, net of the unreceived investment amount US$735,496 and US$1,612,125, respectively. Receivables for convertible redeemable preferred shares as of June 30, 2024 represent investment from one Series A Investors who signed investment agreements in September 2022, for which the corresponding 755,383 Series A convertible redeemable preferred shares have been issued. The following table summarized the roll -forwardof the carrying amount of the convertible redeemable preferred shares for the years ended June 30, 2024 and 2023:

| Mezzanine Equity – Convertible Redeemable                                          
 Preferred Shares                                                                   |     | Series Angel 
 Convertible  
 Redeemable   
 Preferred    
 Shares       |           |   |     | Series Pre-A 
 Convertible  
 Redeemable   
 Preferred    
 Shares       |           |   |     | Series A    
 Convertible 
 Redeemable  
 Preferred   
 Shares      |            |   |     | Total |            |   |
|:-----------------------------------------------------------------------------------|:----|:-------------|----------:|:--|:----|:-------------|----------:|:--|:----|:------------|-----------:|:--|:----|:------|-----------:|:--|
| Balance as of June 30, 2022                                                        |     | $            | 3,863,036 |   |     | $            | 8,432,242 |   |     | $           |          — |   |     | $     | 12,295,278