Company: SEAH
Filing Date: 2025-11-24
Form Type: F-1/A
Source: 0001213900-25-113788
Chunk: 131

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-11-24
Form: F-1/A
Chunk 131
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us and during the year ended March 31, 2025, Mr. Guanglang Jiang, paid certain expenses on behalf of the Group primarily related to the Company’s establishment and general operating activities. These payments were unsecured, non -interestbearing, and repayable on demand. Policies and Procedures for Related Party Transactions We do not currently have an audit committee, and our board of directors is responsible for reviewing and approving any related party transactions. In evaluating any such transactions, our board of directors considers whether the terms are on an arm’s -lengthbasis, fair to the Group, and in the best interests of the Group and its shareholders. Upon the establishment of our audit committee in connection with our listing, the audit committee will implement formal policies and procedures for its review and approval of related party transactions. 94 DESCRIPTION OF SHARES We were incorporated as a BVI business company limited by shares under the laws of the BVI on February 27, 2025. As of the date of incorporation of the Company, it was authorized to issue 50,000 ordinary shares, $1.00 par value per share. 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 September9, 2025, the shareholders of the Company approved a share split of the outstanding Class A Ordinary Shares and Class B Ordinary Shares, both at a ratio of 1:2,353, which became effective immediately, resulting in 20,000,500 Class A Ordinary Shares and 3,529,500 Class B Ordinary Shares issued and outstanding after the share split. Ordinary Shares General All of our issued shares are fully paid and non -assessable. Shares are issued in registered form. There are no limitations imposed by our Memorandum and Articles on the rights of non -residentor foreign shareholders to hold or exercise voting rights on our shares. In addition, there are no provisions in our Memorandum and Articles governing the ownership threshold above which shareholder ownership must be disclosed. Under the BVI Act, the ordinary shares are deemed to be issued when the name of the shareholder is entered in our register of members. If (a) information that is required to be entered in the register of members is omitted from the register or