Company: STAK
Filing Date: 2025-02-26
Form Type: 424B4
Source: 0001493152-25-008310
Chunk: 84

Company: STAK Inc.
Filing Date: 2025-02-26
Form: 424B4
Chunk 84
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 maintenance vehicles: Used to provide maintenance, repair, and support services for oil field equipment, such as repair vehicles,     
 supply vehicles, and emergency response vehicles.                                                                                         |
| ● | Environmental                                                                                                                             
 protection vehicles: Used to address oil field environmental accidents and pollution, such as emergency rescue vehicles and environmental 
 monitoring vehicles.                                                                                                                      |

The goal of the oil field specialized vehicle industry is to provide reliable, efficient, and safe vehicles and equipment to support the production and operations of oil fields, ensuring environmental protection and safety throughout the development process. China adopts the “QC/T 739-2005 General Technical Conditions for Oil Field Special-Purpose Vehicles” (issued on November 28, 2005, implemented on June 1, 2006), which specifies the classification, requirements, testing methods, inspection rules, markings, packaging, transportation, and storage of oil field specialized vehicles.

As the Chinese oil field specialized vehicle industry develops, to further standardize the operation of specialized vehicles in oil fields, the National Automotive Standardization Technical Committee’s Special Vehicles Sub-Technical Committee began organizing relevant institutions to carry out the revision work related to “QC/T 739-2005 General Technical Conditions for Oil Field Special-Purpose Vehicles” in 2017. On April 21, 2023, they released the industry standard “QC/T 739-2023 General Technical Conditions for Oil Field Special-Purpose Vehicles,” which was implemented on November 1, 2023.

Survey data indicates that in recent years, the overall production of mainland China’s oil field specialized vehicle industry has shown an increasing trend. The predicted growth rate for the industry’s production in mainland China is estimated to be between 2% and 6% from 2023 to 2029. In 2019, the revenue of mainland China’s oil field specialized vehicle industry was RMB 26.06 billion, reaching RMB 27.48 billion in 2022. It is forecasted that by 2029, the revenue of mainland China’s oil field specialized vehicle industry will reach RMB 36.36 billion.

Source: Third-party information, news reports, interviews with industry experts, and research compiled by Bo Yan Consulting.

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The oil field specialized equipment industry refers to the sector that provides specifically designed and manufactured equipment and technological solutions for oil field development and operations. These equipment and technological solutions are installed in specialized equipment for oil fields to support various aspects of oil field exploration, extraction, production, and transportation.

Oil field specialized equipment