Company: STAK
Filing Date: 2025-11-05
Form Type: 20-F
Source: 0001493152-25-020818
Chunk: 107

Company: STAK Inc.
Filing Date: 2025-11-05
Form: 20-F
Item: Item 6
Chunk 107
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 the skills they actually possess and such care and diligence that a reasonably prudent person would exercise in comparable circumstances.

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In fulfilling their duty of care to us, our directors must ensure compliance with our second amended and restated memorandum and articles of association as may be amended from time to time. Our company has a right to seek damages against any director who breaches a duty owed to us.
 
Our board of directors has all the powers necessary for managing, and for directing and supervising, our business affairs. The functions and powers of our board of directors include, among others:
 

●                                                      convening                                                    
    shareholders’ annual and extraordinary general meetings and reporting its work to shareholders at such meetings;
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●   declaring                                                                                                       
    dividends and distributions;                                                                                    
●   appointing                                                                                                      
    officers and determining the term of office of the officers; and                                                
●   exercising                                                                                                      
    the borrowing powers of our company and mortgaging the property of our company.                                 

Terms of Directors and Officers
 
Our officers are elected by the board of directors. Our directors are not subject to a term of office and hold office until their resignation, death or incapacity, or until their respective successors have been elected and qualified or until his or her office is otherwise vacated in accordance with our second amended and restated memorandum and articles of association.
 
A director will also be removed from office automatically if, among other things, the director (i) becomes bankrupt or makes any arrangement or composition with his creditors, (ii) dies or is found to be or becomes of unsound mind, (iii) resigns his office by notice in writing, (iv) without special leave of absence from our board, is absent from meetings of our board for a continuous period of six months, or (v) is removed from office pursuant to any other provisions of our second amended and restated memorandum and articles of association.
 

6.D.   Employees
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As of June 30, 2025, we had 47 full-time employees, all of which were located in China.
 
The table below provides the number of full-time employees divided by function as of June 30, 2025:
 

          Function                    Number       
                                        of         
                               Full-Time Employees 
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Manufacturing                                    25
Research                                          6
and Development                                    
Business                                          8
and Marketing                                      
Administrative,                                   8
Human Resources and Finance                        
Total                                            47

In accordance with Chinese law