Company: STAK
Filing Date: 2025-11-05
Form Type: 20-F
Source: 0001493152-25-020818
Chunk: 112

Company: STAK Inc.
Filing Date: 2025-11-05
Form: 20-F
Item: Item 7
Chunk 112
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100% voting equity interests of YLAN at         
      the consideration of $0.7 million (RMB5.2 million). The transaction has been treated as a corporate restructuring of entities under
      common control as part of the Reorganization process.                                                                              

87
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Share Issuances in May 2023 and Share Splits in May 2024
 
Upon our incorporation in the Cayman Islands in May 2023, we issued 50,000 shares to our initial shareholders at par value $1 per share. We effected a one thousand-for-one subdivision of shares to the shareholders in May 2024, whereby increased the total number of issued and outstanding ordinary shares from 50,000 to 50,000,000, and decreased the par value of ordinary shares from $1 to $0.001. Then the shareholders surrendered a pro-rata number of ordinary shares of 40,000,000 to the Company for no consideration and thereafter such shares were cancelled. Following the surrender, the issued and outstanding ordinary shares were 10,000,000 of par value of $0.001 per share. The share numbers in this annual report have given effect to the one thousand-for-one subdivision of shares, unless expressly indicated otherwise:

  Shareholder             Number           Consideration 
                            of                           
                     Ordinary Shares                     
---------------------------------------------------------
Lanying                       7,700,000           $38,500
Capital Ltd                                              
MT.                           1,500,000            $7,500
Yang Holding Ltd                                         
Mr.                             400,000            $2,000
Huailiang Xu                                             
Mr.                             300,000            $1,500
Haoyu Xiong                                              
Mr.                             100,000              $500
Cheukyin Tai                                             
Total                        10,000,000           $50,000

We have received consideration of $50,000 as of May 20, 2024.
 
The foregoing issuances were exempt from registration under the Securities Act since they were transactions not involving a public offering. No underwriters were involved in these issuances of ordinary shares. Other than disclosed herein, we did not issue any securities in the past three years.
 
Policies and Procedures for Related Party Transactions
 
Our board of directors has created an audit committee which will be tasked with review and approval of all related party transactions.
 

7.C.         Interests       
       of Experts and Counsel
-----------------------------
 
Not applicable.