Company: SEAH
Filing Date: 2025-08-29
Form Type: DRS/A
Source: 0001213900-25-082696
Chunk: 71

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-08-29
Form: DRS/A
Chunk 71
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 March 2024. Investing activities Our net cash provided by investing activities for the year ended March 31, 2025 was approximately US$1.70 million primarily attributable to (1) proceeds from the disposal of property and equipment of approximately US$1.83 million, (2) proceeds from the sale of short -terminvestments of approximately US$0.33 million; partially offset by (1) purchase of intangible assets of approximately US$0.30 million, and (2) purchase of property, plant and equipment of approximately US$0.16 million. Our net cash provided by investing activities for the year ended March 31, 2024 was approximately US$1.01 million primarily attributable to (1) proceeds from the disposal of property and equipment of approximately US$2.75 million, (2) proceeds from the sale of short -terminvestments of approximately US$0.40 million, partially offset by (1) purchase of property, plant and equipment 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. 47

Capital expenditures We incurred capital expenditures of approximately US$0.46