Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 77

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 77
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 the financing transactions outweigh their risks and uncertainties. Scage International’s Business Scage International is a pioneering and leading zero -emissionsolution provider in China, focusing on the development and commercialization of heavy -dutyNEV trucks and e -fuelsolutions. It has completed the design, production and testing of several NEV trucks, covering application scenarios for logistics, mining and port transportation. Its Galaxy IItruck is one of the earliest hybrid heavy -dutyNEV trucks commercialized in China. Scage International provides technology -empoweredNEV trucks to address the diverse commercial transportation needs of its global customers. Its current vehicle offerings include Dragon King, a plug -inhybrid dump truck, primarily designed for mining and other heavy -dutyloading and offloading uses, Galaxy II, a plug -inhybrid truck, primarily designed for long -distanceroad transportation and logistics services, and Q -truck, an autonomous tractor trailer, that can be widely used in smart transportation scenarios. In addition, Scage International has three NEV models under active development in collaboration with relevant vehicle manufacturers and anticipates launching them in 2024. Its pipeline includes all -electricport tractors, long -endurancehybrid power tractors, and wide -body, high -powerhybrid mining vehicles. Scage International believes that its advanced technologies allow them to develop vehicles capable of delivering optimal function in collaboration with vehicle manufacturers. It has independently developed its electric control and steering system, intelligently distributed hybrid power system and solid oxide electrolysis cell hydrogen production technology. Furthermore, it has been staying at the forefront of the industry in the research and application of new processes and technologies. Scage International believes its platform -basedvehicle design and development system will enable it to cost -efficientlydevelop a wide range of vehicle models and provide customized solutions for customers in collaboration with vehicle manufacturers. Scage International implements strict quality control in its R&D and supply chain processes. It strategically collaborates with vehicle manufacturers, including C&C Trucks Co., Ltd., to ensure stable vehicle manufacturing and delivery capability, while also closely monitoring the quality of its products. Scage International generates revenues primarily from sales of commercial NEVs and components. As of September30, 2024, it had received customer orders for 105 NEV trucks. Scage International recorded net revenues of US$6.1million and US$0.4million in the fiscal years ended June 30, 2024 and 2023, respectively. It recorded net loss of US$