Company: SCAG
Filing Date: 2025-11-12
Form Type: 20-F
Source: 0001213900-25-109190
Chunk: 129

Company: Scage Future
Filing Date: 2025-11-12
Form: 20-F
Item: Item 6
Chunk 129
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, she held the position of CFO at Jiangsu Xuhang New Economy Technology Co., Ltd. Between 2016 and 2020,
she worked as Assistant General Manager at Hubei Hohai Huitong Asset Management Co., Ltd. Ms. Xiang Jie graduated from Nanjing Audit
University.

Employment agreements and indemnification
agreements

We have entered into employment
agreements with each of our executive officers immediately prior to the consummation of the Business Combination. Under these agreements,
each of our executive officers is employed for a five-year period. We may terminate an executive officer’s employment for cause,
at any time, without notice or remuneration, for certain acts of the officer, including but not limited to incapacity to fulfill job
responsibilities, breach of internal procedures or regulations which cause material damage to us or breach of obligation of confidentiality.

An executive officer may
terminate his/her employment at any time with 30 days prior written notice.

Each executive officer has
agreed to hold, both during and after the employment agreement expires or is earlier terminated, in strict confidence and not to use,
except for our benefit, any confidential information of us. In addition, all of our executive officers have agreed to be bound by the
non-competition agreements entered into between such executive officers and our Company.

In addition, we have entered
into indemnification agreements with our directors and executive officers. Under these indemnification agreements, we have agreed to
indemnify our directors and executive officers against certain liabilities and expenses incurred by such persons in connection with claims
made by reason of them being our directors or executive officers.

B. Compensation

In the year ended June 30, 2025, the aggregate cash compensation paid
by Scage International to directors and executive officers was approximately RMB1.4 million (US$0.2 million). This amount consisted only
of cash and did not include any share-based compensation or benefits in kind. Each of Scage International’s directors and officers
is entitled to reimbursement for all necessary and reasonable expenses properly incurred in the course of employment or service. Scage
International pays or sets aside amounts for pension, retirement or other benefits for its directors and officers, pursuant to a PRC government-mandated
multi-employer defined contribution plan.

As of the date of this annual
report, we have not paid compensation to our executive officers and directors.

C. Board Practices

Board composition

The primary responsibility
of the Board is to provide