Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 466

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 466
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 skills and experience, including financial literacy, and experience in the context of the needs of the Board. The Committee is committed to actively seeking out highly qualified women and individuals from minority groups to include in the pool from which Board candidates are chosen, •identifying individuals qualified to become a new member of the board of directors, consistent with criteria approved by the board of directors, •reviewing the qualifications of incumbent directors to determine whether to recommend them for re -electionand selecting, or recommending that the board of directors select, the director nominees for the next annual meeting of shareholders, •identifying members of the board of directors qualified to fill vacancies on any board of directors committee and recommending that the board of directors appoint the identified member or members to the applicable committee, •reviewing and recommending to the board of directors the corporate governance principles applicable to us, 236 •overseeing the evaluation of the board of directors and management, and •handling such other matters that are specifically delegated to the committee by the board of directors from time to time. Director Nominations Our nominating and corporate governance committee will screen and recommend to the board of director candidates for nomination for election at the annual meeting of the shareholders. The board of directors will also consider director candidates recommended for nomination by our shareholders during such times as they are seeking proposed nominees to stand for election at the next annual meeting of shareholders (or, if applicable, a special meeting of shareholders). Our shareholders that wish to nominate a director for election to our board of directors should follow the procedures set forth in PubCo A&R MAA (as amended from time to time). In general, in identifying and evaluating nominees for director, our board of directors considers educational background, diversity of professional experience, knowledge of our business, integrity, professional reputation, independence, character, and the ability to exercise sound judgement, and relevant skills and experience, including financial literacy, and experience in the context of the needs of the Board. Compensation of Directors and Executive Officers In the fiscal year ended June 30, 2024, the aggregate cash compensation paid by Scage International to directors and executive officers was approximately RMB1.2million (US$0.2million). This amount consisted only of cash and did not include any share -basedcompensation or benefits in kind. Each of Scage International’s directors and officers is entitled to reimbursement for all necessary and reasonable expenses properly incurred in the course of employment or service. Scage International pays or sets aside amounts for pension, retirement or other benefits for its directors and officers,