Company: SEAH
Filing Date: 2025-11-24
Form Type: F-1/A
Source: 0001213900-25-113788
Chunk: 74

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-11-24
Form: F-1/A
Chunk 74
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 of approximately US$1.88 million and (2) purchase of short -terminvestments of approximately US$0.35 million. Financing activities Our net cash used in financing activities for the year ended March 31, 2025 was approximately US$2.02 million, primarily attributable to (1) repayments of long -termbank loans of approximately US$2.28 million, (2) repayment of loans provided by a third party of approximately US$0.52 million, and (3) repayment of loans provided by a related party of approximately US$0.33 million; partially offset by (1) proceeds from long -termbank loans of approximately US$0.98 million and (2) loans provided by a related party of approximately US$0.13 million. Our net cash used in financing activities for the year ended March 31, 2024 was approximately US$1.17 million, primarily attributable to (1) repayments of long -termbank loans of approximately US$3.18 million and (2) repayment of loans provided by a related party of approximately US$0.21 million; partially offset by (1) proceeds from long -termbank loans of approximately US$1.21 million, (2) loans provided by a third party of approximately US$0.55 million, and (3) loans provided by a related party of approximately US$0.45 million. 48

Capital expenditures We incurred capital expenditures of approximately US$0.46 million and approximately US$1.89 million for the years ended March 31, 2025 and 2024, respectively, mainly for purchase of property, plant, equipment, and intangible assets. We expect that our capital expenditures will increase in the foreseeable future as we expand our business and that our level of capital expenditures will be significantly affected by user demand for our products and services. Our future capital requirements may be uncertain, and actual capital requirements may be different from those we anticipate. To the extent that cash flows from our business activities are insufficient to fund future capital requirements, we may need to seek equity or debt financing. We will continue to incur capital expenditures to support the expected growth of our business. Contractual Obligations The following table sets forth our contractual obligations as of March 31, 2025:

|                                             |     | Payments due by schedule 
 Less than                
 1 year                   |         |     | More than 
 1 year    |           |     | Total |