Scage Future announced that the previously disclosed change in its American Depositary Share (ADS) ratio will become effective on October 27, 2026. The company is adjusting its ADS ratio from one-to-one to one ADS representing fifteen ordinary shares, a move equivalent to a one-for-fifteen reverse split for ADS holders. Existing ADSs will be automatically cancelled and replaced with new ADSs by depositary bank Citibank, N.A., without requiring action from shareholders. Fractional entitlements will be aggregated and sold, with net proceeds distributed to holders. The company's CUSIP number will change to 80590A204, while the trading symbol SCAG on Nasdaq remains unchanged. Scage Future is a leading zero-emission technology provider in China dedicated to decarbonizing global commercial transportation through advanced heavy-duty NEV trucks and innovative e-fuel systems.
