Company: STAK
Filing Date: 2025-02-26
Form Type: 424B4
Source: 0001493152-25-008310
Chunk: 13

Company: STAK Inc.
Filing Date: 2025-02-26
Form: 424B4
Chunk 13
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 companies to provide supply chain finance for our customers 
 and innovating marketing models.                                                                                                |

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Our Products

Oilfield-SpecializedVehicles

We provide specially designed and configured vehicles and equipment for oilfield development and operations. These vehicles and equipment play a crucial role in cost reduction and efficiency improvement during exploration, extraction, transportation, and production processes in oilfields. Our main products currently include oil pumping trucks, oil-well repair trucks, fracking trucks, well flushing-wax removal trucks, boiler trucks, and other maintenance vehicles. We manufacture the equipment for oilfield development and operations and outsource the final vehicle assembly work to manufacturers holding special vehicle production permission. We have ownership over the oilfield-specialized vehicles prior to being shipped to our customers and the vehicles are branded as STAK’s at shipping. All these vehicles comply with the industry standard QC/T 739-2005and QC/T 739-2023for oilfield-specialized vehicles, providing reliable, efficient, and safe vehicles and equipment to support oilfield production and operations while ensuring environmental protection and safety during oilfield development. As of June 30, 2023, we had a total of seven major categories of oilfield-specialized vehicles, including oil field workover trucks, oil field fracturing trucks, oil field cementing trucks, oil field oil extraction trucks, oil field boiler trucks, oil field well washing trucks, and others, all of which are in production stage and more than 80 vehicle models, with suggested retail prices ranging from RMB 160,000 (approximately USD 22,300) to RMB 900,000 (approximately USD 125,800). They meet operational requirements in harsh conditions such as high temperatures, low temperatures, high pressure, high altitudes, and dusty environments, demonstrating good durability and adaptability to meet customer cost reduction and efficiency enhancement needs.

In the fiscal years 2024 and 2023, the revenue generated by the sale of oilfield-specialized vehicles was RMB 39,061,504 (approximately USD 5,406,586) and RMB 44,237,496 (approximately USD 6,361,812), respectively, accounting for 28.6% and 30.1% of total revenue during those periods.

Oilfield-Specialized Production and Maintenance Equipment

Our oilfield-specialized production
and maintenance equipment includes well repair equipment components, fracking equipment, well cleaning and wax removal equipment, oil
collection equipment, boiler equipment, and other oilfield-special