Company: STAK
Filing Date: 2025-02-26
Form Type: 424B4
Source: 0001493152-25-008310
Chunk: 86

Company: STAK Inc.
Filing Date: 2025-02-26
Form: 424B4
Chunk 86
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BUSINESS</div>

Overview

We are a fast-growing company specializing in the research, development, manufacturing, and sale of oilfield-specialized production and maintenance equipment. We design and manufacture oilfield-specialized production and maintenance equipment, then collaborate with qualified specialized vehicle manufacturing companies to integrate the equipment onto vehicle chassis, producing specialized oilfield vehicles for sale. Additionally, we sell oilfield-specialized production and maintenance equipment components, related products, and provide automation solutions.

Our products include oilfield vehicles such as oil pumping trucks, oil-well repair trucks, fracking trucks, well flushing-wax removal trucks, and boiler trucks. We also produce specialized equipment and components for oil well repair and maintenance, fracking, oil well cleaning and wax removal, oil pumping, and boilers.

Through our in-house developed automation products, we offer efficient, energy-saving, and environmentally friendly equipment and services for oilfield operations, meeting the cost reduction and efficiency enhancement needs of oilfield service companies.

STAK Inc. is a holding company headquartered in Changzhou, China. The core team members of the Company have been focusing on the research and design of general-purpose automation control modules and the development of industrial software for specialized applications since 2012. In early 2020, the team, led by our CEO, Chuanbo Jiang, shifted its focus to the production of specialized oilfield equipment and integrated solutions, leading to the establishment of YLAN. The team relocated to Changzhou City pursuant to an Investment Promotion and Protection Agreement with the Changzhou Tianning Economic Development Zone, a branch of local government of Tianning District, Changzhou City. Pursuant to the Investment Promotion and Protection Agreement, the local government will (a) provide stationing support incentives for up to RMB 2 million provided that the annual taxable sales of YLAN reaches RMB 20 million, including (i) RMB 200,000 once the company has registered with the local government, (ii) RMB 300,000 once the company has moved its headquarter to Changzhou, (iii) RMB 500,000 when the annual taxable sales reach RMB 10 million for the first time, and (iv) RMB 1 million when the annual taxable sales reach RMB 20 million; (b) provide rent reduction and exemption policy for the office space with minimal decoration (up to 500 square meters) including: (i) free of rent during the period from the date of occupation to December 31, 2020, (ii) when the