Company: SEAH
Filing Date: 2025-09-25
Form Type: F-1
Source: 0001213900-25-091701
Chunk: 128

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-09-25
Form: F-1
Chunk 128
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 of this prospectus. Loan guaranteed by a related party As of March 31, 2025 and 2024, the bank borrowings of US$3,440,354 and US$4,062,684 were guaranteed by Mr. Shihai Bi. Subsequent to March31, 2025, the bank borrowings of US$3,242,245 were guaranteed by Mr.Shihai Bi.

92 Other payables by a related party As of the date of this prospectus 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. 93 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