Press Release: Scage Future Announces Plan to Implement ADS Ratio Change

NANJING, China, Oct. 6, 2026 // -- Scage Future ("Scage Future" or the "Company") (Nasdaq: SCAG), a zero-emission solution provider of new energy heavy-duty commercial vehicles and e-fuel solutions, today announced that it plans to change the ratio of its American Depositary Shares ("ADSs") to its ordinary shares (the "ADS Ratio"), from the current ADS Ratio of one (1) ADS to one (1) ordinary share to a new ADS Ratio of one (1) ADS to fifteen (15) ordinary shares (the "ADS Ratio Change"). The Company anticipates that the ADS Ratio Change will be effective on or about October 30, 2026 (the "Effective Date"). For Scage Future's ADS holders, the change in the ADS Ratio will have the same effect as a one-for-fifteen reverse ADS split. On the Effective Date, holders of ADSs as of the Effective Date will be entitled to receive one (1) new ADS for every fifteen (15) existing ADSs then held, and the exchange will occur automatically, with the then-held ADSs being cancelled and new ADSs being issued by Citibank, N.A., as the depositary bank for the Company's ADS program ("Depositary Bank"). Holders of ADSs will not be required to take any action in connection with the ADS Ratio Change. No