Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 388

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 388
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736,514 |   |     |      |  6,179,016 |   |
| Effect of exchange rate changes                     |     |                    |     (7,679 | ) |     |      |   (128,847 | ) |
| Net increase/(decrease) in cash and restricted cash |     |                    |    908,385 |   |     |      |    991,349 |   |
| Cash and restricted cash, at beginning of year      |     |                    |  1,075,989 |   |     |      |     84,640 |   |
| Cash and restricted cash, at end of year            |     | $                  |  1,984,374 |   |     | $    |  1,075,989 |   |

Operating activities Our net cash used in operating activities was US$6.2million for the fiscal year ended June30, 2024, which was primarily attributable to a net loss of US$6.0million, as adjusted for (1) certain non -cashand non -operatingitems, primarily including inventory write -downof US$0.9million, depreciation of property and equipment

190 of US$0.5million and provision of credit losses of US$0.3million; and (2) changes in working capital that negatively affected the cash flow from operating activities, primarily including an increase in accounts receivable of US$2.0million mainly due to the increased sales of NEVs; a decrease in contract liabilities of US$0.6million due to the decrease of advances received from customers; a decrease in accounts payable of US$0.2million due to timely payments for purchase of inventories; and a decrease in operating lease liabilities of US$0.2million due to the increase of lease payments; partially offset by changes in working capital that positively affected the cash flow from operating activities, primarily including (1) a decrease in inventories of US$0.5million due to better inventories turnover as a result of the increased sales; and (2) an increase in amounts due to related parties of US$0.1million due to the increased operating expenses payable to related parties. Our net cash used in operating activities was US$4.9 million for the fiscal year ended June 30, 2023, which was primarily attributable to a net loss of US$6.6 million, as adjusted for (1) certain non -cashand