Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 548

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 548
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 through its main subsidiary Nanjing Scage Automobile Technology Co., Ltd. (“Scage Nanjing”) and Scage Nanjing’s consolidated subsidiaries primarily engages in the development and commercialization of heavy -dutynew energy vehicle trucks (“NEV”), and e -fuelsolutions in the People’s Republic of China (“PRC” or “China”). VVS International Limited (“Scage BVI”), which is 100% owned by the Company, was incorporated in British Virgin Islands (the “BVI”) on December 21, 2021. Scage BVI is an investment holding company with no operations. Scage (Hong Kong) Limited (“Scage HK”), which is 100% owned by the Company through Scage BVI, was incorporated in Hong Kong on January 3, 2022. Scage HK is an investment holding company with no operations. Reorganization In preparation for listing in a stock market of the United States, the Company undertook a reorganization (“Reorganization”) through the following steps: —On September 22, 2023, Scage HK, the Company’s wholly owned subsidiary, acquired 100% equity interests of Nanjing Xinneng Hydrogen Automotive Technology Co., Ltd. (“Scage WFOE”); —On October 24, 2023, Scage WFOE and Scage HK acquired 73.55% and 26.45% equity interest of Scage Nanjing, and the Company indirectly controlled Scage Nanjing and its subsidiaries. The Company and its subsidiaries (“the Group”) resulting from the reorganization have always been under the common control of the same majority shareholders group before and after the reorganization, as described above, which was accounted for as a recapitalization. The consolidation of the Group has been accounted for at historical cost and prepared on the basis as if the aforementioned transactions had become effective as of the beginning of the first period presented in the accompanying Consolidated Financial Statements. Results of operations for the periods presented comprise those of the previously separate entities combined from the beginning of the period to the end of the period, eliminating the effects of intercompany transactions. The details of the Company’s major subsidiaries are as follows:

| Name                                                                         
 Scage BVI                                                                    
 Scage HK                                                                     |     | Controlled by 
 The Company   
 Scage BVI     |     | Date of           
 Incorporation     
 December 21, 2021 
 January 3, 2022   |     | Percentage of 
 Effective     
 Ownership     
 100