Scage Future (SCAG) director discloses 3,903,900 shares via BVI entity
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Scage Future director Guo Yuanchi has filed an initial ownership report showing indirect control of 3,903,900 Ordinary Shares. These shares are held through Three Action Brothers Limited, a British Virgin Islands company wholly owned by Mr. Guo.
The filing also notes an acting-in-concert agreement among several shareholder entities entered in August 2024 and effective on June 24, 2025. Under this agreement, if the parties cannot unanimously agree on voting matters, a decision by Mr. Gao, as sole owner of Upward Stars Group Limited, becomes binding on all parties.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Guo Yuanchi
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 3,903,900 shares (Indirect, By Three Action Brothers Limited)
Footnotes (1)
- [object Object]
Key Figures
Indirect Ordinary Shares: 3,903,900 shares
Acting-in-concert agreement date: August 2024
Agreement effective date: June 24, 2025
3 metrics
Indirect Ordinary Shares
3,903,900 shares
Held via Three Action Brothers Limited by director Guo Yuanchi
Acting-in-concert agreement date
August 2024
Date the acting-in-concert agreement was entered
Agreement effective date
June 24, 2025
Effective date of the acting-in-concert agreement
Key Terms
Ordinary Shares, acting-in-concert agreement, indirect, British Virgin Islands company
4 terms
acting-in-concert agreement regulatory
"entered into an acting-in-concert agreement, which has become effective"
indirect financial
"Ordinary Shares held by Three Action Brothers Limited, a British Virgin Islands company"
British Virgin Islands company other
"Three Action Brothers Limited, a British Virgin Islands company wholly owned"
FAQ
What does Scage Future (SCAG) director Guo Yuanchi report on this Form 3?
The Form 3 shows director Guo Yuanchi indirectly owns 3,903,900 Ordinary Shares of Scage Future. These shares are held through Three Action Brothers Limited, a British Virgin Islands company that is wholly owned by Mr. Guo, establishing his initial reported stake.
What is the acting-in-concert agreement mentioned for Scage Future (SCAG)?
Several shareholder entities signed an acting-in-concert agreement in August 2024, effective June 24, 2025. They agree to coordinate voting on specified matters, with decisions ultimately binding based on a mechanism controlled by Mr. Gao if unanimity is not reached.
Who ultimately makes binding voting decisions under Scage Future’s acting-in-concert agreement?
If the concert parties cannot unanimously agree, a decision by Mr. Gao, as sole owner of Upward Stars Group Limited, becomes the binding decision. His determination is deemed unanimously passed and agreed by all parties to the agreement.
Is director Guo Yuanchi’s ownership in Scage Future (SCAG) direct or indirect?
The reported ownership is indirect. The 3,903,900 Ordinary Shares are held by Three Action Brothers Limited, a wholly owned company of Mr. Guo, so his interest is reported through this intermediary entity rather than in his own name.