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SDRL vs STAK

Seadrill Limited and STAK Inc. Class A Ordinary Shares

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Seadrill Limited

Seadrill Limited provides offshore drilling services to the oil and gas industry worldwide. The company owns and operates drill ships and semi-submersible rigs for operations in shallow and ultra-deep water in benign and harsh environments. It serves oil super-majors, state-owned national oil companies, and independent oil and gas companies. The company was formerly known as Seadrill 2021 Limited. Seadrill Limited was incorporated in 2005 and is based in Hamilton, Bermuda.

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STAK Inc. Class A Ordinary Shares

Stak Inc. engages in the research, development, manufacturing, and sale of oilfield-specialized production and maintenance equipment. It offers oilfield vehicles, such as oil pumping trucks, oil-well repair trucks, fracking trucks, well flushing-wax removal trucks, boiler trucks, and other maintenance vehicles; and oilfield-specialized production and maintenance equipment, including well repair equipment components, fracking equipment, well cleaning and wax removal equipment, oil collection equipment, boiler equipment, and other oilfield-specialized production and maintenance equipment. The company also provides automation solutions services, including software development, training, debugging, and other services for oilfield-specialized production and maintenance equipment. Stak Inc. was founded in 2020 and is based in Changzhou, China. STAK Inc. is a subsidiary of Lanying Capital Ltd.

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