Company: SEAH
Filing Date: 2025-11-24
Form Type: F-1/A
Source: 0001213900-25-113788
Chunk: 117

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-11-24
Form: F-1/A
Chunk 117
---
 are compliant with these laws and regulations in all material aspects as of the date of this prospectus. Regulations on Lease Agreements Our lease agreements are generally subject to the Civil Code (Act No. 89 of April 27, 1896, as amended) and Act on Land and Building Leases (Act No. 90 of October 4, 1991, as amended). As of the date of this prospectus, we believe the terms and conditions of our lease agreements are consistent with these laws in all material aspects and are valid and enforceable as provided for in these agreements. Regulations on Privacy Protection The Act on the Protection of Personal Information (Act No. 57 of May 30, 2003, as amended) aims to protect an individual’s rights and interests and establishes obligations that a personal information handling business operator shall fulfill. This law defines personal information as data that can identify a specific individual, including names, addresses, and other identifiers. Businesses must specify the purpose of data collection and obtain consent from individuals when collecting sensitive information. Data subjects have rights to access, correct, and request deletion of their personal information. When transferring personal data abroad, this law generally imposes strict requirements. Personal data can only be transferred to foreign countries if the recipient country has an adequate level of data protection as designated by Japan (i.e., EU and UK), or if the other limited exceptions apply. We believe we are compliant with this law in all material aspects as of the date of this prospectus. 82 Taxation Regulations The taxes levied in Japan on income generated by the activities of a corporation include corporate tax (national tax), local corporate tax (national tax), corporate inhabitant tax (local tax), enterprise tax (local tax), and special local corporate tax (a national tax). According to tax -relatedlaws and regulations, including the Corporation Tax Act (Act No. 34 of March 31, 1965, as amended) and the Local Corporation Tax Act (Act No.11 of March 31, 2014, as amended), the scope of income subject to the taxes is determined and the taxable income is calculated. Corporate inhabitant taxes are levied on income and a per capita basis using the corporation’s capital and the number of its employees as the tax base. Business transaction is levied consumption tax which is a type of value -addedtax. Foreign Exchange Regulations The Foreign Exchange and Foreign Trade Act of Japan (Gaikoku Kawase oyobi Gaikoku Boueki Hou) (the “FE