Company: STAK
Filing Date: 2025-02-26
Form Type: 424B4
Source: 0001493152-25-008310
Chunk: 191

Company: STAK Inc.
Filing Date: 2025-02-26
Form: 424B4
Chunk 191
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 |      |   126,134 |
| Mr. Cheukyin Tai          |     |                              |    500 |     |      |     6,895 |

NOTE 17 - CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY

The condensed parent company financial statements have been prepared in accordance with Rule 12-04, Schedule I of Regulation S-X as the restricted net assets of the subsidiaries of the Company exceed 25% of the consolidated net assets of the Company. The ability of the Company’s operating subsidiaries to pay dividends may be restricted due to the restriction of paid-in capital, additional paid-in capital and statutory surplus reserves of the Company under PRC laws and regulations.

The condensed financial information of the parent company, STAK, has been prepared using the same accounting policies as set out in the Company’s consolidated financial statements except that the parent company has used equity method to account for its investment in its subsidiaries.

STAK and its subsidiaries are included in the consolidated financial statements where the inter-company balances and transactions are eliminated upon consolidation. For the purpose of STAK’s stand-alone financial statements, its investments in subsidiaries are reported using the equity method of accounting. STAK’s share of income and losses from its subsidiaries is reported as earnings from subsidiaries in the accompanying condensed financial information of parent company.

| F-23 |

<div align='center'>STAK INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Expressed in U.S. dollars, except for number of shares)</div>

NOTE 17 - CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY (CONTINUED)

Condensed balance sheets

| Assets                                                                                   
 Current assets:                                                                          |     | As of June 30, 
 2024           |            |   |     | 2023 |           |   |
|:-----------------------------------------------------------------------------------------|:----|:---------------|-----------:|:--|:----|:-----|----------:|:--|
| Cash and cash equivalents                                                                |     | $              |     46,307 |   |     | $    |         - |   |
| Total current assets                                                                     |     |                |     46,307 |   |     |      |         - |   |
| Non-current assets:                                                                      |     |                |            |   |     |      |           |   |
| Investment in subsidiaries                                                               |     |                | 10,534,642 |   |     |      | 8,120,