Company: SCAG
Filing Date: 2025-11-12
Form Type: 20-F
Source: 0001213900-25-109190
Chunk: 70

Company: Scage Future
Filing Date: 2025-11-12
Form: 20-F
Item: Item 4
Chunk 70
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We are an exempted company
incorporated in the Cayman Islands with limited liability on July 14, 2023 for the purpose of effecting the Business Combination.
Our principal executive office is 2F, Building 6, No. 6 Fengxin Road, Yuhuatai District, Nanjing City, Jiangsu Province, 210012, China.
The telephone number of our principal executive office is (86) 25-5240-9912. Our website address is ir. scagefd. com. The information contained
on the website does not form a part of, and is not incorporated by reference into, this annual report.

Business combination with Finnovate

On June 27, 2025, we consummated
the previously announced Business Combination pursuant to the Business Combination Agreement.

Pursuant to the Business
Combination Agreement, the Business Combination was effected in two steps: (1) Merger Sub I merged with and into Scage International
(the “ First Merger”), with Scage International surviving the First Merger as a wholly-owned subsidiary of us (the time
at which the First Merger became effective is sometimes referred to herein as the “ First Merger Effective Time”); (2) on
the Closing Date and immediately following the First Merger, Merger Sub II merged with and into Finnovate (the “ Second Merger”),
with Finnovate surviving the Second Merger as a wholly owned subsidiary of us (the time at which the Second Merger becomes effective
is referred to herein as the “ Effective Time”).

Prior to the First Merger
Effective Time, Scage International caused a sponsored American depositary share facility for the Ordinary Shares established with CITIBANK,
N. A. for the purpose of issuing and distributing the ADSs.

On the Closing Date and immediately
prior to the First Merger Effective Time, each preferred share of Scage International, par value US$0.00001 per share, that was issued
and outstanding immediately prior to the First Merger Effective Time was cancelled in exchange for the right to receive a number of Scage
International Ordinary Shares at the then-effective conversion rate in accordance with Scage International’s amended and restated
articles of association (the “ Conversion”). At the First Merger Effective Time, pursuant to the First Merger, (1) each Scage
International Ordinary Share that was issued and outstanding immediately prior to the First Merger Effective Time and after the Conversion