Company: SCAG
Filing Date: 2025-11-12
Form Type: 20-F
Source: 0001213900-25-109190
Chunk: 106

Company: Scage Future
Filing Date: 2025-11-12
Form: 20-F
Item: Item 4A
Chunk 106
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 no more than RMB3 million (US$418,784), (ii) no more than 300 employees,
and (iii) total assets of no more than RMB50 million (US$6,979,731).

According to [2021] No.8,
announcement of the State Taxation Administration, which became effective on January 1, 2021 and until to December 31, 2022, small, low
profit enterprises whose annual taxable income is no more than RMB1 million (US$139,595) is subject to the preferential income tax rate
of 2.5% (only 12.5% of such taxable income shall be subject to enterprises income tax at a tax rate of 20%).

According to [2022] No.13, announcement of the Ministry of Finance
and the State Taxation Administration, which became effective on January 1, 2022 and until to December 31, 2024, small, low profit enterprises
whose annual taxable income exceed RMB1 million (US$139,595) but no more than RMB3 million (US$418,784) are subject to the preferential
income tax rate of 5% (only 25% of such taxable income shall be subject to enterprises income tax at a tax rate of 20%).

According to [2023] No.06, announcement of the Ministry of Finance
and the State Taxation Administration, which became effective on January 1, 2023 and until to December 31, 2024, small, low profit enterprises
whose annual taxable income is no more than RMB1 million (US$139,595) is subject to the preferential income tax rate of 5% (only 25%%
of such taxable income shall be subject to enterprises income tax at a tax rate of 20%).

According to [2023] No.12,
announcement of the Ministry of Finance and the State Taxation Administration, which became effective on August 2, 2023 and until to
December 31, 2027, small, low profit enterprises is subject to the preferential income tax rate of 5% (only 25% of such taxable income
shall be subject to enterprises income tax at a tax rate of 20%).

For the years ended June 30, 2025, 2024 and 2023, some PRC subsidiaries
are qualified small, low profit enterprises as defined, and thus are eligible for