Company: SCAG
Filing Date: 2025-11-12
Form Type: 20-F
Source: 0001213900-25-109190
Chunk: 130

Company: Scage Future
Filing Date: 2025-11-12
Form: 20-F
Item: Item 6
Chunk 130
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 oversight, strategic guidance, counseling and directions to the our management. our Board consists of seven
directors. Mr. Chao Gao serves as Chairman of the Board. The Board will meet on a regular basis and additionally as required.

Pursuant to our amended and
restated memorandum and articles of association (“ A& R MAA”), we may by an ordinary resolution appoint any person to be
a director, and the board may, by the affirmative vote of a simple majority of the remaining director(s) present and voting at a board
meeting, appoint any person as a director, to fill a casual vacancy on the board or as an addition to the existing board. A director
may be removed from office by an ordinary resolution, notwithstanding anything in the A& R MAA or in any agreement between us and
such director (but without prejudice to any claim for damages under such agreement). A vacancy on the board created by the removal of
a director under the previous sentence may be filled by an ordinary resolution or by the affirmative vote of a simple majority of the
remaining director(s) present and voting at a board meeting. The office of director shall be vacated if, among other things, the director
(1) dies, or becomes bankrupt or makes any arrangement or composition with his creditors; (2) is found to be or becomes of unsound mind,
(3) resigns his office by notice in writing to the company, or (4) without special leave of absence from our board, is absent from three
consecutive board meetings and our directors resolve that his office be vacated.

Board oversight of risk

One of the core functions
of the Board is to be informed to oversee our risk management process. We do not anticipate having a standing risk management committee,
but rather anticipate administering this oversight function directly through the Board as a whole, as well as through various standing
committees of the Board that address risks inherent in their respective areas of oversight.

Committees of the Board of Directors

The Board has established
an audit committee, a compensation committee, and a nominating and corporate governance committee. The Board has adopted a charter for
each of the committees, which comply with the applicable requirements of current Nasdaq rules. The charter of each committee are available
on our website.

Audit Committee

We have established an audit
committee of the board of directors. Mr. Kevin Chen, Mr. Qiuliang Peng and Mr. Chao Gao serve as members of the audit committee. Each