STAK Inc. Revamps Share Structure and Voting Rights in Major Meetings

On October 9, 2026, STAK Inc., a prominent player in the oilfield equipment sector, held significant meetings for its Class A shareholders and conducted an extraordinary general meeting (EGM) shortly after. The meetings took place in Changzhou, China, where pivotal changes to the company's share capital and voting rights structure were approved, aimed at optimizing corporate governance and enhancing shareholder value.

Class A Meeting Highlights

During the Class A meeting, shareholders voted overwhelmingly in favor of a resolution that modifies the voting rights associated with Class B ordinary shares. The change raises the number of votes each Class B ordinary share carries from 30 to 100, reflecting a strategic move to consolidate voting power and improve decision-making efficiency within the company.

1. Approval of Change: The primary resolution, which was approved unanimously, represents a significant shift in how votes will be weighted at future general meetings, thus empowering Class B shareholders more substantially.

This notable decision is expected to foster a more streamlined governance process, enabling faster and potentially more informed decisions regarding corporate strategy and direction.

EGM Decisions

Following the Class A meeting, the EGM proceeded to approve several additional resolutions that will reform the company's capital structure dramatically. Key outcomes from the EGM include:

1. Further Affirmation of Voting Rights: Building upon the Class A resolution, the EGM ratified the increase in voting rights for Class B shares, thereby aligning the decisions made in both meetings.

2. Share Capital Reduction: The company resolved to reduce the par value of each Class A and Class B ordinary share from USD0.001 to USD0.0000001. This reduction aims to streamline capital distribution and enhance financial flexibility.

3. Share Capital Subdivision: Effective immediately post-reduction, each unissued Class A and B share will be subdivided into 10,000 shares of the newly decreased par value. This strategic move will maintain adequate liquidity and foster trading activity in the shares.

4. Cancellations and Authorizations: The EGM also approved the cancellation of excess unissued shares to align with the newly specified authorized capital of USD10, while also increasing the overall authorized share capital to USD100,000 by adding nearly 750 billion Class A and Class B ordinary shares. This expansion aims to accommodate future capital raises or stock options for operational activities.

5. Amendment of Memorandum and Articles: The company will amend its memorandum and articles of association to formalize these changes, ensuring compliance with the Companies Act of the Cayman Islands and maintaining good governance practices.

Company Overview

STAK Inc. operates within the niche market of oilfield equipment production, specializing in both the manufacturing and sale of production equipment and maintenance solutions tailored to the specific needs of oilfield services. The company's commitment to innovation is reflected in its strategy to collaborate with specialized vehicle manufacturers to integrate its equipment into purpose-built oilfield vehicles.

With an objective to help service providers enhance efficiency and decrease operational costs, STAK Inc. continues to push the envelope in the oilfield equipment sector through its ongoing development efforts, which include automation solutions designed to further streamline processes in oilfield operations.

The shareholder meetings mark a continued commitment by STAK Inc.'s leadership to remain agile and adaptable in a competitive industry while laying a solid foundation for future growth. For investors and stakeholders, these changes signal a proactive approach towards enhancing corporate governance and maximizing shareholder equity, aiming to position STAK Inc. as a formidable player in the oilfield manufacturing space.

For further insights and developments regarding STAK Inc., visit the company’s official website or their investor relations page.