Company: SEAH
Filing Date: 2025-07-24
Form Type: DRS
Source: 0001213900-25-067275
Chunk: 109

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-07-24
Form: DRS
Chunk 109
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 corporations falling within (i) and/or (ii) above; (iv)investment partnerships and limited liability partnerships for investment, etc. (including foreign partnerships) in which the ratio of capital contribution from exchange non -residentsis 50% or more of the total amount of capital contribution by all partners, or in which a majority of the managing partners are exchange non -residents; or (v)corporations or other entities having a majority of either (A) directors or other persons equivalent thereto or (B) directors or other persons equivalent thereto having the power of representation who are non -residentindividuals. 85 Acquisition of Shares Acquisition by a foreign investor of shares of a Japanese corporation from a non -foreigninvestor requires pre or post facto reporting by the foreign investor through an exchange resident to the Minister of Finance of Japan through the Bank of Japan. No such reporting requirement is generally imposed, however, if: (i)shares are acquired due to the occurrence of an event of inheritance, bequest, gratis allotment of shares, or acquisition of shares with a call provision; or (ii)both the investment ratio and the voting right ratio (total of closely related parties) of all shares held after the share acquisition are less than 10% (provided that the nationality of the foreign investor is that of the listed country or Japan, and the business(es) actually engaged in by the issuing company and/or its subsidiary(ies) does not include any pre reporting industry and falls under the category of post facto reporting industry); or (iii)the acquisition falls under any other case prescribed in Article 55 -5of the FEFTA, Article 3.1 of the Cabinet Order on Inward Direct Investment, etc., and Articles 3.2 and 3.3 of the Order on Inward Direct Investment, etc. Dividends and Proceeds of Sale Under the Foreign Exchange Regulations, dividends paid on, and the proceeds from sales in Japan of, shares held by exchange non -residentsof Japan may generally be converted into any foreign currency and repatriated abroad. 86

MANAGEMENT Set forth below is information concerning our directors, director nominees, executive officers and other key employees. The following individuals are members of our board of directors and management of the Company.

| Directors and Executive Officers |     |    Age |     | Position/Title                                    |
| Guanglang Jiang                  |     |     43 |     | Director, Chairman of the Board of Directors, and 
 Chief Executive Officer