Company: SEAH
Filing Date: 2025-11-24
Form Type: F-1/A
Source: 0001213900-25-113788
Chunk: 126

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-11-24
Form: F-1/A
Chunk 126
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 annual salary of $100,000, which will be payable upon the effectiveness of this registration statement of which this prospectus forms a part. Our employment agreement with Mr. Shihai Bi, our Chief Financial Officer, has a term of three years and provides for an annual salary of $30,000, which will be payable upon the effectiveness of the registration statement of which this prospectus forms a part. We will also enter into indemnification agreements with each of our directors and executive officers. Under these agreements, we will agree to indemnify our directors and executive officers against certain liabilities and expenses incurred by such person in connection with claims made by reason of their being a director or officer of our Company. Compensation of Directors and Executive Officers During the fiscal year ended March 31, 2025, we paid an aggregate of ¥23.6million (approximately $0.16million) as compensation to our executive officers and directors, and we do not set aside or accrue any amount to provide pension, retirement or other similar benefits to our directors and executive officers. Corporate Governance The business and affairs of the Company are managed under the direction of our board of directors. We have conducted board meetings regularly since inception. Each of our directors has attended all meetings either in person, or via telephone conference, or the directors have passed resolutions through written consent. In addition to the contact information in this prospectus, the board has adopted procedures for communication with the officers and directors as the date hereof. Each shareholder will be given specific information on how he/she can direct communications to the officers and directors of the Company at our annual shareholders’ meetings. All communications from shareholders are relayed to the members of our board of directors. Code of Business Conduct and Ethics Because we will be a “foreign private issuer” within the meaning of the corporate governance standards of Nasdaq, we will not be required, and do not currently expect, to adopt one or more codes of conduct applicable to all directors, officers, and employees. If and when we are no longer a “foreign private issuer,” we will be required to adopt one or more codes of conduct applicable to all directors, officers, and employees, and that such codes are publicly available. We anticipate that such a code would apply to our directors, officers, employees (including our principal executive officer, principal financial officer, and other persons performing similar functions), and our agents and would be publicly available on our website. 89 PRINCIPAL SHAREHOLDERS The following table sets forth information with respect to the beneficial ownership