Company: SCAG
Filing Date: 2025-11-12
Form Type: 20-F
Source: 0001213900-25-109190
Chunk: 232

Company: Scage Future
Filing Date: 2025-11-12
Form: 20-F
Item: Item 19
Chunk 232
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.13, [2021] No.12, announcement of the
Ministry of Finance and the State Taxation Administration, and [2023] No.12, announcement of the Ministry of Finance and the State Taxation
Administration, small, low profit enterprises shall meet three conditions for enjoying preferential tax conditions, including (i) annual
taxable income of no more than RMB3million (US$418,784), (ii) no more than 300 employees, and (iii) total assets of no
more than RMB50million (US$6,979,731).

According to [2021] No.8, announcement of the State Taxation Administration,
which became effective on January 1, 2021 and until to December 31, 2022, small, low profit enterprises whose annual taxable income is
no more than RMB1million (US$139,595) is subject to the preferential income tax rate of2.5% (only12.5% of such taxable income shall
be subject to enterprises income tax at a tax rate of20%).

According to [2022] No.13, announcement of the Ministry of Finance
and the State Taxation Administration, which became effective on January 1, 2022 and until to December 31, 2024, small, low profit enterprises
whose annual taxable income exceed RMB1million (US$139,595) but no more than RMB3million (US$418,784) are subject to the preferential
income tax rate of5% (only25% of such taxable income shall be subject to enterprises income tax at a tax rate of20%).

According to [2023] No.06, announcement of the Ministry of Finance
and the State Taxation Administration, which became effective on January 1, 2023 and until to December 31, 2024, small, low profit enterprises
whose annual taxable income is no more than RMB1million (US$139,595) is subject to the preferential income tax rate of5% (only25%%
of such taxable income shall be subject to enterprises income tax at a tax rate of20%).

According
to [2023] No.12, announcement of the Ministry of Finance and the State Taxation Administration, which became effective on August 2, 2023
and until to December 31, 2027, small, low profit enterprises is subject to the preferential income tax rate of