Company: SEAH
Filing Date: 2025-08-29
Form Type: DRS/A
Source: 0001213900-25-082696
Chunk: 184

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-08-29
Form: DRS/A
Chunk 184
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 as the Group acts as the principal in these transactions, for which the Group controls the patent delivery process before licensing to the third party, and is responsible for the technical support and providing guidance, and also has discretion over the pricing and terms. The following table disaggregates the Group’s total revenues by revenue streams for the years ended March 31, 2025 and 2024:

| By revenue types:    |     | For the years ended 
 March 31,           
 2025                |            |     | 2024 |            |
|:---------------------|:----|:--------------------|-----------:|:----|:-----|-----------:|
| Recycling sales      |     | $                   | 65,203,328 |     | $    | 51,003,770 |
| Technology licensing |     |                     |    196,666 |     |      |          — |
| Total                |     | $                   | 65,399,994 |     | $    | 51,003,770 |

F-14

SEAHAWK RECYCLING HOLDINGS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (In U.S. Dollar, except for share data) 2.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont.) The following tables illustrates the disaggregation of revenue by timing of revenue recognition for the years ended March 31, 2025 and 2024:

| Timing of revenue recognition |     | For the years ended 
 March 31,           
 2025                |            |     | 2024 |            |
|:------------------------------|:----|:--------------------|-----------:|:----|:-----|-----------:|
| At a point in time            |     | $                   | 65,203,328 |     | $    | 51,003,770 |
| Over time                     |     |                     |    196,666 |     |      |          — |
| Total                         |     | $                   | 65,399,994 |     | $    | 51,003,770 |

The following tables illustrates the disaggregation of revenues of recycling sales by geographical markets based on the location of customers for the years ended March 31, 2025 and 2024:

|                       |     | For the years ended 
 March 31,           |       2025 |     |   |       2024 |
|:----------------------|:----|: