Company: SCAG
Filing Date: 2025-11-12
Form Type: 20-F
Source: 0001213900-25-109190
Chunk: 77

Company: Scage Future
Filing Date: 2025-11-12
Form: 20-F
Item: Item 4
Chunk 77
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costs for trucks. We retain the essential functions of our trucks while eliminating redundant designs and significantly enhancing their
intelligence to support future upgrades from Level 2 to Level 4 autonomation. We have also developed an advanced SOEC as our energy
supply solution, which enables efficient electrochemical conversion and offers convenient and low-cost low-carbon and zero-carbon e-fuels.
We have strengthened technological innovation in vehicle integration and developed our NEV and plug-in hybrid models, fuel cell
models, power battery and management system, drive motors and power electronics and network connectivity technologies, so as to curate
our product portfolio and service system.

Full industry supply chain coverage and
established customer service capabilities

Our supply chain capability
is prominent, with most partners being well-known global players in the automotive industry, such as CATL, Bosch and Wabco. Building
upon this, we have established a professional after-sales service system for heavy-duty NEV trucks based on a comprehensive
service network, providing end-to-end services from components to vehicles to logistics. Such end-to-end service capability
is crucial in road transportation, safeguarding an uninterrupted process for material transportation, and is a core competency evaluated
by customers.

We focus on maintaining solid
cooperative relationships with upstream suppliers and establishing strategic partnerships with key suppliers, ensuring stable access
to critical product and service supplies while maintaining rigorous quality control measures. In particular, we have established strategic
collaboration with multiple vehicle manufacturers, including C& C Trucks Co., Ltd., to ensure stable truck manufacturing and delivery
capability.

Visionary and seasoned founders and senior
management

We have benefited from the
leadership of an entrepreneurial and seasoned management team. Their strategic foresight, in-depth industry knowledge, extensive
managerial experience and commitment underpin our current accomplishment and future growth potential. Mr. Chao Gao, our founder
and chief executive officer, is an experienced veteran in the automotive industry and has a deep and innovative understanding of e-fuel and
e-fuel-powered vehicles, and has risk managerial experience from prior critical roles in various automotive-related industries,
which provides insightful guidance on our operations. Mr. Yuanchi Guo, our co-founder, has seven years of experience in automotive
industry investment management and supply chain integration. Mr. Ziqian Guan, our co-founder, has more than 10 years of experience
in supply chain management, complemented by his proficiency in enterprise operation and management. The entrepreneurship of our senior
management has fueled our product