Company: SEAH
Filing Date: 2025-09-25
Form Type: F-1
Source: 0001213900-25-091701
Chunk: 192

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-09-25
Form: F-1
Chunk 192
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 |   |  (799 | ) |
| Balance at the end of the year       |     | $               | 8,452 |     | $ | 8,378 |   |

6.PROPERTY, PLANT AND EQUIPMENT, NET Property, plant and equipment, net, consisted of the following:

|                                    |     | As of March 31, |      2025 |   |     |   |      2024 |   |
|:-----------------------------------|:----|:----------------|----------:|:--|:----|:--|----------:|:--|
| Buildings                          |     | $               | 1,092,512 |   |     | $ | 1,343,926 |   |
| Automobiles                        |     |                 |   641,364 |   |     |   |   635,766 |   |
| Land                               |     |                 |   260,355 |   |     |   | 1,517,781 |   |
| Tools                              |     |                 |    17,828 |   |     |   |    14,486 |   |
| Subtotal                           |     |                 | 2,012,059 |   |     |   | 3,511,959 |   |
| Less: accumulated depreciation     |     |                 |  (765,508 | ) |     |   |  (664,156 | ) |
| Property, plant and equipment, net |     | $               | 1,246,551 |   |     | $ | 2,847,803 |   |

Depreciation expenses were US$97,080 and US$65,573 for the years ended March 31, 2025 and 2024, respectively. The net book value of a building and lands pledged as collateral for the Group’s borrowings (See Note 9) as of March31, 2025 and 2024 was US$260,355 and US$1,844,594, respectively.

F-21

SEAHAWK RECYCLING HOLDINGS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (In U.S. Dollar, except for share data) 7.INTANGIBLE ASSETS, NET Intangible assets, net, consisted of the following:

|                                |     | As of March 31, |    2025 |   |     |   |    2024 |