Company: STAK
Filing Date: 2025-11-05
Form Type: 20-F
Source: 0001493152-25-020818
Chunk: 121

Company: STAK Inc.
Filing Date: 2025-11-05
Form: 20-F
Item: Item 10
Chunk 121
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 other action if the effect would be that on the conversion of the Class B Ordinary Shares to Class A Ordinary Shares it would be required to issue Class A Ordinary Shares at a price lower than the par value thereof.
 
Issuance of Additional Shares. Our second amended and restated memorandum and articles of association authorizes our board of directors to issue additional shares from time to time as our board of directors shall determine, to the extent of available authorized but unissued shares.
 
Inspection of Books and Records. Holders of our shares will have no general right under Cayman Islands law to inspect or obtain copies of our corporate records (except for the memorandum and articles of association of our company, any special resolutions passed by our company and the register of mortgages and charges of our company). However, we will provide our shareholders with annual audited financial statements.
 
Exempted Company. We are an exempted company with limited liability under the Companies Act. The requirements for an exempted company are essentially the same as for an ordinary company except that an exempted company:
 

●                                                                      is                                                                   
                                    a company that conducts its business mainly outside the Cayman Islands;                                 
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●   is                                                                                                                                      
    prohibited from trading in the Cayman Islands with any person, firm or corporation except in furtherance of the business of the exempted
    company carried on outside the Cayman Islands (and for this purpose can effect and conclude contracts in the Cayman Islands and exercise
    in the Cayman Islands all of its powers necessary for the carrying on of its business outside the Cayman Islands);                      
●   is                                                                                                                                      
    not required to open its register of members for inspection by shareholders of that company;                                            
●   does                                                                                                                                    
    not have to hold an annual general meeting;                                                                                             
●   may                                                                                                                                     
    obtain an undertaking against the imposition of any future taxation;                                                                    

93
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●                                                  may                                                
    register by way of continuation in another jurisdiction and be deregistered in the Cayman Islands;
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●   may                                                                                               
    register as an exempted limited duration company; and                                             
●   may                                                                                               
    register as a segregated portfolio company.                                                       

“Limited liability” means that the liability of each shareholder is limited to the amount unpaid by the shareholder on the shares of the company (except in exceptional circumstances, such as involving fraud, the establishment of an agency relationship or an illegal or improper purpose or other circumstances in which a court may be prepared to pierce or lift the corporate veil