Company: SCAG
Filing Date: 2025-07-03
Form Type: 20-F
Source: 0001213900-25-061408
Chunk: 6

Company: Scage Future
Filing Date: 2025-07-03
Form: 20-F
Item: Item 1
Chunk 6
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 a wholly-owned subsidiary, Scage (Hong Kong) Limited (“ Scage HK”), to  
  be the intermediate holding company in Hong Kong.                                                                                                         
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

  Establishment of WFOE. In September 2023,                                                                                      
  Scage HK acquired all the equity interest in Nanjing Xinneng Hydrogen Automotive Technology Co., Ltd. (“ WFOE”), which became  
  a wholly-owned subsidiary of Scage HK.                                                                                         
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

  Incorporation of the United States subsidiary. In February 2024, Scage HK established a wholly-owned subsidiary, Scage U. S. Corporation (“ Scage US”), to be the intermediate  
  holding company in the United States.                                                                                                                                           
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

In August 2023, Scage International
issued shares to several then shareholders of Nanjing Scage (or their designees) to reflect their respective equity interests in Nanjing
Scage prior to the restructuring. In October 2023, Scage HK and WFOE acquired 26.45% and 73.55% of the equity interest in Nanjing Scage,
respectively.

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 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