Company: SCAG
Filing Date: 2025-11-12
Form Type: 20-F
Source: 0001213900-25-109190
Chunk: 79

Company: Scage Future
Filing Date: 2025-11-12
Form: 20-F
Item: Item 4
Chunk 79
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 to assist our
customers with energy supply and customize energy solutions for our customers. We intend to construct 60 hydrogen refueling and electricity
charging stations by 2027 and 400 hydrogen refueling and electricity charging stations by 2030, with an estimated investment amount of
RMB7 million to RMB10 million per hydrogen refueling station and RMB2 million per electricity charging station. We believe
such tailored product and service offerings will increase customer stickiness and expand our existing customer base.

In addition, we plan to expand
to broader regions across China to reach new prospective customers, by opening direct stores and developing more sales partners to serve
as on-the-ground outposts for customer outreach. We plan to establish more than 300 direct stores and outposts by 2027, with an
estimated investment amount of RMB5 million per location. We also plan to establish experience stores and service centers in domestic
and overseas logistics centers and co-build sales and service platforms with our dealers. We expect to establish five to 10 experience
stores and service centers in China, Mongolia and Saudi Arabia, with an estimated investment amount of RMB30 million to RMB80 million.
We plan to establish 200 experience stores and service centers worldwide by 2027. Moreover, we will provide professional one-on-one after-sales support
to our major customers to ensure the optimal customer experience.

Expand our global footprint

We intend to strategically
build and expand our presence in international markets, specifically the Middle East and Southeast Asia. To this end, we intend to provide
products and services tailored to regional demands, including specialized energy refueling solutions and financing services. We will
accelerate the process of obtaining relevant certificates and approvals in each country we target. We will also develop collaborations
with overseas partners to facilitate sales and services and deploy local sales teams in the localities we enter. Our goal is to expand
our sales channels to Southeast Asia, Central Asia, Europe and North America within the next few years.

Selectively pursue cooperation, investment
and acquisition opportunities

We intend to selectively
pursue strategic alliance, investment and acquisition opportunities across the value chain of China’s heavy-duty NEV market
to create synergies with our existing business. We will also evaluate and execute alliance, investment and acquisition opportunities
that will complement and scale up our business, enhance our brand awareness, enrich our product and service matrix, expand our customer
base, optimize our profitability, and add new capabilities to our business. Specifically, we will consider investing