Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 465

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 465
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 Chen qualifies as an “audit committee financial expert” as defined in applicable SEC rules. The purpose of the audit committee will be to assist our board of directors in overseeing and monitoring: •the quality and integrity of our financial statements, •internal control over financial reporting and disclosure controls and procedures, 235 •our compliance with legal and regulatory requirements, •our independent registered public accounting firm’s qualifications and independence, •the performance of our internal audit function, and •the performance of our independent registered public accounting firm. Compensation Committee Upon the effectiveness of the consummation of Business Combination, PubCo will establish a compensation committee of the board of directors. Mr.Kevin Chen, Mr.Qiuliang Peng and Mr.Chao Gao will serve as members of our compensation committee. Each of Mr.Kevin Chen and Mr.Qiuliang Peng is independent. Mr.Chao Gao will serve as chair of the compensation committee. The purpose of the compensation committee is to assist our board of directors in discharging its responsibilities relating to: •reviewing and approving our compensation program and compensation of our executive officers and directors; •monitoring our incentive and equity -basedcompensation plans, •preparing the compensation committee report under the rules and regulations of the SEC, •reviewing and evaluating on an annual basis the performance of the compensation committee, and •recommending such changes as deemed necessary with the Board. The composition and function of compensation committee will comply with all applicable requirements of the Sarbanes -OxleyAct, SEC rules and regulations and Nasdaq’s listing rules, and so will to future requirements to the extent they become applicable to PubCo. Nominating and Corporate Governance Committee Upon the effectiveness of the consummation of Business Combination, PubCo will establish a nominating and corporate governance committee of the board of directors. Mr.Kevin Chen, Mr.Qiuliang Peng and Mr.Chao Gao will serve on our nominating and corporate governance committee. Each of Mr.Kevin Chen and Mr.Qiuliang Peng is independent. Mr.Chao Gao will serve as chairman of the nominating and corporate governance committee. The primary purposes of our nominating and corporate governance committee will be to assist the board in: •screening and recommending individuals to be elected by the Board to fill vacancies and newly created directorships, and the nominees to be elected as directors at any meeting of shareholders, based on, among other things, their independence, character, ability to exercise sound judgment, diversity, age, demonstrated leadership, and relevant