Company: SCAG
Filing Date: 2025-11-12
Form Type: 20-F
Source: 0001213900-25-109190
Chunk: 219

Company: Scage Future
Filing Date: 2025-11-12
Form: 20-F
Item: Item 19
Chunk 219
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000                             
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Total short-term borrowings                                                                                                                                                     69,000,000                             
  Total short-term borrowings (US$)                                                                                                                                                9,632,029                             

F-27

SCAGE
FUTURE

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

(In
U. S. dollars, except for share and per share data, or otherwise noted)

  10.      SHORT-TERM          

The short-term bank borrowings as of June 30, 2025 were primarily obtained
from financial institutions with interest rates ranging from2.90% to3.30% per annum. The short-term bank loans as of June 30, 2024 were
primarily obtained from financial institutions with interest rates ranging from3.05% to3.75% per annum US$2,233,514(equivalent to RMB16,000,000)
of the balance that were due as of the date the financial statement issued have been repaid by the Group subsequently.

Interest expense was US$284,016,
US$222,628and US$91,890of short-term bank borrowings for the years ended June 30, 2025, 2024 and 2023, respectively. The weighted average
interest rates of short-term bank borrowings outstanding were3.20% and3.60% per annum as of June 30, 2025 and 2024, respectively.

  11.      LEASES  

The
Group has entered into various non-cancellable operating lease agreements for certain offices, factories and warehouses which are substantially
located in PRC. The Group determines if an arrangement is a lease, or contains a lease, at inception and record the leases in the
consolidated financial statements upon lease commencement, which is the date when the lessor makes the underlying asset available for
use by the lessee. The Group does not have any sales-type or direct financing leases for the years ended June 30, 2025, 2024 and 2023.

The
balances for the operating leases are presented as follows within the consolidated balance sheets:

                                         As of June 30,                                      
                                         2025                             2024               
 ─────────────────────────────────────────────────────────────────────────────────────────────
  Right-of-use assets                    $                   126