Company: SCAG
Filing Date: 2025-11-12
Form Type: 20-F
Source: 0001213900-25-109190
Chunk: 239

Company: Scage Future
Filing Date: 2025-11-12
Form: 20-F
Item: Item 19
Chunk 239
---
,000 and US$ 700...  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

F-43

SCAGE
FUTURE

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

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

  21.      CONCENTRATION   

Financial
instruments that potentially expose the Group to concentrations of credit risk consist primarily of accounts receivable. The Group conducts
credit evaluations of its customers, and generally does not require collateral or other security from them. The Group evaluates its collection
experience and long outstanding balances to determine the need for an allowance for credit losses. The Group conducts periodic reviews
of the financial condition and payment practices of its customers to minimize collection risk on accounts receivable.

The
following table sets forth a summary of single customers who represent 10% or more of the Group’s total revenues.

                                                For the years ended June 30,             
                                                2025                                     
  Percentage of the Group’s total revenues                                               
  Customer A                                    46.27                                 *  
 ─────────────────────────────────────────────────────────────────────────────────────────
  Customer B                                    32.76                             12.84  
  Customer C                                    16.03                                 *  
  Customer D                                    *                                 25.41  
  Customer E                                    *                                 19.76  
  Customer F                                    *                                 19.70  
  Customer G                                    *                                 15.34  

  represents percentage less than 10%  
 ───────────────────────────────────────

The
following table sets forth a summary of single customers who represent 10% or more of the Group’s total accounts receivable:

                                                          As of June 30,                                  
                                                                    2025                 2024             
  Percentage of the Group’s accounts receivable from                                                      
  Customer C                                                                  73.98                *      
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────
  Customer B                                                                  22.65                95.64  
  Customer F                                                                  *                    *      

  represents                
  percentage less than 10%  
 ────────────────────────────

The
following table sets forth a summary of single suppliers who represent 10% or more of the Group’s total purchase:

                                                For the years ended June 30,                        
                                                2025                                                
  Percentage of