Company: STAK
Filing Date: 2025-02-26
Form Type: 424B4
Source: 0001493152-25-008310
Chunk: 14

Company: STAK Inc.
Filing Date: 2025-02-26
Form: 424B4
Chunk 14
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ized production and maintenance equipment. These products comply with
the ISO 9001 quality standard system certification GB/T 19001-2016 idt ISO 9001:2015. As of March 31, 2024, we had a total of 33
oilfield-specialized production and maintenance equipment, with suggested retail prices ranging from RMB 10,000 (approximately USD 1,400)
to RMB 500,000 (approximately USD 69,900), capable of meeting the operational requirements of oilfield operations under harsh conditions
such as high temperatures, low temperatures, high pressure, high altitudes, and dusty environments. These equipment and technical solutions
are installed on oilfield-specialized vehicles to support various stages of oilfield exploration, extraction, production, and transportation.

In the fiscal years 2024
and 2023, the revenue generated by the sale of oilfield-specialized production and maintenance equipment was RMB 64,140,356
(approximately USD 8,877,804) and RMB 96,791,345 (approximately USD 13,919,600), respectively, accounting for 46.9% and 65.8%
of total revenue during those periods.

Technical Services and Solutions Based on Oilfield-Specialized Vehicles and Equipment

We provide corporate customers with automation solutions services, with multiple promises in the service contract, including software development, training, debugging, and other services for oilfield-specialized production and maintenance equipment. The software development, training, debugging, and other services are provided to customers prior to their acceptance of the developed software or function, and are not distinct because they are highly interdependent and interrelated with one another, integrated together as inputs to provide a combined output, that is to provide a well-developed software or function to corporate customers. Prices vary based on the complexity of customer requirements and the service duration.

In the fiscal years 2024 and 2023, revenue generated by our technical services amounted to RMB 12,737,453 (approximately USD 1,763,018) and RMB 1,887,642 (approximately USD 271,462), respectively, accounting for 9.3% and 1.3% of total revenue during those periods.

Corporate Information

Our principal executive office is located at Floor 8, Block 11, The Industry Park of Intelligent Auto Parts. No. 6 Bei Tang He East Rd., Tianning District, Changzhou City, Jiangsu Province