Scage Future Subsidiary Signs Strategic Cooperation Agreement With China Huaye Group To Advance Infrastructure, Mining And Renewable Energy Projects In China

Scage Future ("Scage Future" or the "Company") (NASDAQ:SCAG), a provider of new energy and zero-emission heavy-duty commercial vehicles and e-fuel solutions, today announced that its indirect wholly owned subsidiary, Guizhou Scage Tech Ltd., has entered into a strategic cooperation agreement with China Huaye Group Co., Ltd. ("NCMCC"), a major Chinese engineering, construction and mining enterprise within the China Minmetals and China Metallurgical Group corporate system.

The agreement, signed on September 22, 2026 in Nanchang, China, is a non-binding framework agreement with a tentative term of one year. It sets out a framework for collaboration across infrastructure construction, mining operations, renewable energy, circular economy initiatives, financial services, and technological innovation. Both parties intend to leverage their respective expertise, capital resources, and market networks to jointly explore business opportunities, develop projects, and advance sustainable industrial solutions throughout China. Specific projects will be subject to separate definitive agreements, to be entered into after each party completes its internal approval procedures.