Company: STAK
Filing Date: 2025-02-26
Form Type: 424B4
Source: 0001493152-25-008310
Chunk: 19

Company: STAK Inc.
Filing Date: 2025-02-26
Form: 424B4
Chunk 19
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 35 of “Risk Factors – Risks Related to This Offering and the Ordinary Shares” for further details.                               |

| ● | We                                                                                                                                     
 are a foreign private issuer within the meaning of the rules under the Exchange Act, and as such we are exempt from certain provisions 
 applicable to U.S. domestic public companies. See page 36 of “Risk Factors – Risks Related to This Offering and the                    
 Ordinary Shares” for further details.                                                                                                  |

| ● | We                                                                                                                                  
 may lose our foreign private issuer status in the future, which could result in significant additional costs and expenses. See page 
 36 of “Risk Factors – Risks Related to This Offering and the Ordinary Shares” for further details.                                  |

| 12 |

| ● | We                                                                                                                
 will incur increased costs as a result of being a public company. See page 36 of “Risk Factors – Risks Related to 
 This Offering and the Ordinary Shares” for further details.                                                       |

CSRC Approval Required for This Offering Recent statements by the Chinese government have indicated an intent to exert more oversight and control over offerings that are conducted overseas and/or foreign investments in mainland China-based issuers. On July 6, 2021, the General Office of the Communist Party of China Central Committee and the General Office of the State Council jointly issued a document to crack down on illegal activities in the securities market and promote the high-quality development of the capital market, which, among other things, requires the relevant governmental authorities to strengthen cross-border oversight of law-enforcement and judicial cooperation, to enhance supervision over mainland China-based companies listed overseas, and to establish and improve the system of extraterritorial application of the PRC securities laws. Furthermore, on December 28, 2021, the CAC, the NDRC, and several other administrations jointly issued the revised Measures for Cybersecurity Review, or the “Revised Review Measures,” which became effective and replaced the existing Measures for Cybersecurity Review on February 15, 2022. According to the Revised Review Measures, if an “online platform operator” that is in possession of personal data of more than one million users intends to list in a foreign country, it must apply for a cybersecurity review. Moreover, the CAC released the draft of the Regulations on Network Data Security Management in November 2021 for public consultation, which among other things, stipulates that a data processor listed overseas must conduct an annual data security review by itself or by engaging a data security service provider and submit the annual data security