Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 110

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 110
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 that provide data to overseas apply to CAC for security assessments if: (1) data processors provide important data to overseas parties; (2) critical information infrastructure operators and data processors process personal information of more than one million individuals provide personal information to overseas parties; (3) data processors that have cumulatively provided personal information of 100,000 people or sensitive personal information of 10,000 people to overseas parties since January 1 of the previous year provide personal information to overseas parties; and (4) other scenarios required by the CAC to apply for security assessments are met. In addition, these measures require data processors to carry out self -assessmentsof risks of providing data to overseas parties before applying to the CAC for security assessments. According to the Provisions on Promoting and Regulating 19 Cross -borderData Flows, which was promulgated by the CAC on March22, 2024 and came into effect on the same day, if relevant departments or jurisdictions have not informed the data handlers or publicly announced that the data are important data, data handlers are not required to undergo security assessment for cross -borderdata provision. As advised by Scage International’s PRC counsel, Jingtian & Gongcheng, as of the date of this proxy statement/prospectus, Scage International is not required to apply for the security assessment or the cybersecurity review for the Business Combination under such regulations, because (1) Scage International’s business operations do not involve any operator of a network platform with personal information of over one million users; (2) Scage International has not received notification that it is recognized as a critical information infrastructure operator by the administration responsible for the security protection of critical information infrastructure; (3) Scage International’s business operations do not involve the processing of important data; and (4) Scage International only provides a very small amount of personal information to overseas institutions during the listing process. Since the above -mentionednewly promulgated laws, regulations and policies were recently promulgated or issued or have not yet taken effect (as applicable), their interpretations, applications and enforcement are subject to substantial uncertainties. Given such uncertainties, if we do not receive or maintain relevant permissions or approvals, if we inadvertently conclude that certain permissions or approvals are not required, or if applicable laws, regulations, or interpretations change and we are required to obtain certain permissions or approvals in the future, we may be ordered to suspend our business, shut down our platforms, if any, or face other penalties. Any of the