Company: SEAH
Filing Date: 2025-11-24
Form Type: F-1/A
Source: 0001213900-25-113788
Chunk: 99

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-11-24
Form: F-1/A
Chunk 99
---
 in Southeast Asia The recycling rates of plastic in Japan and Singapore in 2024 amount to 86% and 59%, respectively. The recycling rates for plastics in Malaysia, the Philippines, and Thailand, ranging from 24% to 8%, are relatively low, due challenges in waste management infrastructure and collection systems across Southeast Asia. Improving collection, sorting, and processing infrastructure, along with public awareness, could significantly boost the recycling rates of plastics in Southeast Asia. Source: The Frost & Sullivan Report 69 Battery recycling rates in Southeast Asia are low, ranging from 6% in Singapore to 10 – 20% in Indonesia, Malaysia, and Thailand, with the Philippines below 10%. Compared to Japan’s 42% battery recycling rate, there is huge growth opportunities in Southeast Asia, driven by increasing electric vehicle adoption, technological advancements, and policy support. Source: The Frost & Sullivan Report 70 BUSINESS Overview Headquartered in Tokyo, Japan, we are an international recycling company dedicated to advancing sustainable material solutions across East Asia and Southeast Asia. As a committed advocate for environmental sustainability, we have devoted ourselves to promoting the development of a low -carbonand zero -wasteglobal green circular economy by engaging in the trading of recyclable resources such as waste paper and scrap metal. Our operations are structured around two core business segments: waste paper recycling and scrap metal recycling. Under our waste paper recycling business, we operate across both the domestic Japanese and international markets by trading two main product categories: waste paper and paper pulp. We source waste papers from collection companies in Japan and supply them to recycled pulp mills or trading companies. In parallel, we purchase paper pulps from recycled pulp mills and supply them to paper manufacturers or trading companies. While our waste paper transactions are primarily domestic, our paper pulp exports serve a broad customer base across East Asia and Southeast Asia. During the fiscal years ended March 31, 2025 and 2024, we generated $17,697,546 and $12,683,826 from the sale of waste papers and paper pulps that we sourced from suppliers in Japan, respectively, which accounted for 27.1% and 24.9% of our total revenue for the fiscal years ended March 31, 2025 and 2024, respectively. We also conduct cross -bordertransactions under our waste paper recycling business by procuring waste paper from suppliers in the U.S. and arranging for direct shipments to pulp mills or paper manufacturers in Malaysia. This model exemplifies our ability to execute seamless