Company: SEAH
Filing Date: 2025-11-24
Form Type: F-1/A
Source: 0001213900-25-113788
Chunk: 206

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-11-24
Form: F-1/A
Chunk 206
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 * |   |
| Supplier C                                 |     |           19.05 | % |     |     * |   |
| Supplier D                                 |     |               * |   |     | 22.80 | % |
| Supplier E                                 |     |               * |   |     | 16.57 | % |
| Supplier F                                 |     |               * |   |     | 16.37 | % |

____________ *Represents percentage less than 10%

F-29 SEAHAWK RECYCLING HOLDINGS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (In U.S. Dollar, except for share data) 16.COMMITMENTS AND CONTINGENCIES Commitments As of March 31, 2025 and 2024, the Group had neither significant financial nor capital commitment. Contingencies In the ordinary course of business, the Group may be subject to legal proceedings regarding contractual and employment relationships and a variety of other matters. The Group records contingent liabilities resulting from such claims, when a loss is assessed to be probable and the amount of the loss is reasonably estimable. In the opinion of management, there were no pending or threatened claims and litigation as of March 31, 2025 and 2024, and through the issuance date of these consolidated financial statements. 17.SUBSEQUENT EVENTS The Group has evaluated the impact of events that have occurred subsequent to March 31, 2025, through July24, 2025, the issuance date of the consolidated financial statements, and concluded that no other subsequent events have occurred that would require recognition in the consolidated financial statements or disclosure in the notes to the consolidated financial statements, except for the event as discussed below. The directors and shareholders of the Company passed written resolutions on August8, 2025 to amend the Memorandum and Articles of the Company, with said amendments being registered by the BVI Registry of Corporate Affairs on August13, 2025, following which the Company is now authorized to issue unlimited Class A Ordinary Shares with no par value and unlimited Class B Ordinary Shares with no par value. On August13, 2025, the Company redeemed the 10,000 issued and outstanding ordinary shares and issued 5,740 Class A Ordinary Shares and 1,500 Class B Ordinary Shares to WISDOM FOCUS GROUP LTD. and 2,760 Class A Ordinary Shares to other shareholders. On September9, 2025, the shareholders of the Company approved a share split of the outstanding