Company: SEAH
Filing Date: 2025-08-29
Form Type: DRS/A
Source: 0001213900-25-082696
Chunk: 102

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-08-29
Form: DRS/A
Chunk 102
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 operating subsidiaries in Hong Kong and China to commence our operations in these regions by 2026 and 2027, respectively, with the goal of reaching profitability in these markets by 2028. For our plan in Hong Kong, we intend to establish an operating subsidiary and commence its operation in the second and third quarter of 2026, respectively, for which we anticipated to collectively expend $240,000, maintain its operation in 2027, for which we anticipated to expend $200,000, and expand its operation in 2028, for which we anticipated to expend $160,000. For our plan in China, we intend to prepare for the establishment of an operating subsidiary in the second quarter of 2026 and obtain the approval from the Chinese government for the establishment in the third quarter of 2026, respectively, for which we anticipated to collectively expend $360,000, establish the operating subsidiary and commence its operation in 2027, for which we anticipated to expend $500,000, and expand its operation in 2028, for which we anticipated to expend $340,000. Optimizing and Developing our Proprietary Transaction Matching System Currently, to facilitate the transactions, we rely on our sales staff to gather real -timemarket data such as the quantity of supply and demand and transaction prices on a daily basis through public information platforms, our client information systems, telemarketing, etc., and enter the data into our proprietary transaction matching system. We plan to invest more resources to optimize our proprietary transaction matching system with artificial intelligence and develop functions in connection with automatic market data gathering and analyzing. With such an advanced transaction matching system, we will be able to facilitate transactions more accurately and efficiently, and our sales staff may focus on liaising with the matched suppliers and customers to lock in transactions. New Product Development and Diversification We are exploring new recyclable materials and byproducts, such as waste glass and plastic, especially those aligned with environmental trends and regulatory support, to broaden our product portfolio and tap into adjacent recycling markets. Our Businesses We engage in the trading of two principal product categories: waste paper and scrap metal, which are sourced and sold through a well -establishednetwork of our suppliers and customers. Waste Paper Recycling Business Domestically, we source waste paper from collection companies across Japan and sell these materials to recycled pulp mills and trading companies. In parallel, we purchase recycled paper pulp from pulp mills and supply it to paper manufacturers and trading companies. We operate our domestic waste paper recycling business by cooperating