Company: SEAH
Filing Date: 2025-08-29
Form Type: DRS/A
Source: 0001213900-25-082696
Chunk: 50

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-08-29
Form: DRS/A
Chunk 50
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 is not contrary to public order or good moral doctrine in Japan; (e)judgments of the Japanese courts receive reciprocal treatment in the courts of the foreign jurisdiction concerned; and (f)the dispute resolved by the foreign judgment has not been resolved by a judgment given by a Japanese court and is not being litigated before a Japanese court. 30 OUR HISTORY AND CORPORATE STRUCTURE Our Corporate History The Operating Entity was established on March 5, 2013, as a limited company under the laws of Japan. Top Edge was established on February 18, 2022, as a business company with limited liability incorporated in the BVI that does not have active operations as of the date of this prospectus. Before the completion of the Offering, we completed a reorganization of our corporate structure in the following steps: •on February27, 2025, the Company was incorporated under the laws of the BVI as an exempted company with limited liability; •on March10, 2025, the Company acquired 100% of the equity interests in the Operating Entity from its original shareholders; and •on March27, 2025, the Company acquired 100% of the equity interests in Top Edge from its original shareholders. Consequently, the Company, through a restructuring which is accounted for as a reorganization of entities under common control, became the ultimate holding company of all other entities mentioned above. Our Corporate Structure The following diagram illustrates our corporate structure as of the date of this prospectus and upon the completion of the Offering, based on a proposed offering of [] Class A Ordinary Shares, assuming the underwriter does not exercise its over -allotmentoption. ____________ Notes: All percentages reflect the voting ownership interests instead of the equity interests held by each of our shareholders given that each holder of Class B Ordinary Shares will be entitled to 20 votes per Class B Ordinary Share and each holder of Class A Ordinary Shares will be entitled to one vote per Class A Ordinary Share. (1)Represents [5,740] Class A Ordinary Shares and [1,500] Class B Ordinary Shares indirectly held by Guanglang Jiang, our Director, Chairman of the Board of Directors, and Chief Executive Officer, and Shihai Bi, our Director and Chief Financial Officer, the 49% beneficial owner and the 51% beneficial owner, respectively, of WISDOM FOCUS GROUP LTD., as of the date of this prospectus. (2)Represents [900] Class A Ordinary Shares indirectly held by Xiaoyu