Scage Future reported that independent director Calvin Kung resigned from the board on April 8, 2026, effective the same day. The company states that his resignation followed a certain unresolved disagreement with the company related to its operations. Scage Future has not yet named a replacement to fill the resulting board vacancy.
Scage Future director Peng Qiuliang has filed an initial Form 3, which is a statement of beneficial ownership for company insiders. This snapshot shows no reported share purchases, sales, gifts, option exercises, or derivative positions associated with this reporting person.
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.
Scage Future executive Xiang Jie, the company’s Chief Financial Officer, has filed an initial Form 3 statement of beneficial ownership. The filing identifies Jie as an officer but does not report any share purchases, sales, or other transactions in Scage Future securities.
Scage Future director Chen Kevin filed an initial ownership report on Form 3. This filing identifies him as a member of the board but does not report any common stock or derivative security holdings. It is a routine compliance step required when someone becomes an insider.
Scage Future director and Chief Executive Officer Gao Chao has filed an initial ownership report showing only existing holdings, with no new share purchases or sales. The filing lists indirect ownership of 29,785,174 Ordinary Shares held by Upward Stars Group Limited, which is wholly owned by Mr. Gao.
It also reports beneficial ownership of a further 15,656,008 Ordinary Shares under an acting-in-concert agreement among several shareholder entities that became effective on June 24, 2025. Decisions made by Mr. Gao are deemed binding on these parties for matters requiring coordinated action.
Scage Future director Calvin Kung has filed an initial ownership report showing a holding of 25,000 Ordinary Shares. This Form 3 indicates his starting equity position as a director, with the shares held directly rather than through an intermediary entity. The filing does not report any recent share purchases or sales, only the existing ownership level.
Scage Future schedules beneficial ownership showing a controlling stake: 45,441,182 Ordinary Shares, representing 62.90% of the class based on 72,243,992 Ordinary Shares outstanding as of June 30, 2025. The filing states an acting-in-concert agreement effective June 24, 2025 that aggregates an additional 15,656,008 Ordinary Shares with holdings held by affiliated BVI entities and individuals.
The schedule lists the primary holder Upward Stars Group Limited (29,785,174 shares) and identifies related parties including Victorious Lights Holding Limited (5,004,625 shares) and Three Action Brothers Limited (3,903,900 shares). Signatures and exhibits include a Joint Filing Agreement and the Act-in-Concert Agreement.