Company: SEAH
Filing Date: 2025-09-25
Form Type: F-1
Source: 0001213900-25-091701
Chunk: 19

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-09-25
Form: F-1
Chunk 19
---
, we believe that our annual and periodic financial results are not a guarantee of our future economic performance and undue reliance should not be placed on such results for predicting our future results. Our ability to remain competitive is contingent upon continuously enhancing our proprietary transaction matching system to keep up with evolving market demands, technological advancements, and industry standards, failure of which may have adverse effects on our business. Currently, to facilitate the transactions, we rely on our sales staff to gather real -timemarket data such as the quantity of supply and demand and transaction prices on a daily basis through public information platforms, our client information systems, telemarketing, etc., and enter the data into our proprietary transaction matching system. However, the rapidly evolving nature of the industry in which we operate, coupled with changing customer preferences and emerging technologies, poses the risk of rendering our proprietary transaction matching system obsolete. Therefore, to improve our competitiveness, it is crucial for us to continually enhance and improve the functionality, accuracy, and features of our proprietary transaction matching system. We plan to invest more resources to optimize our proprietary transaction matching system with artificial intelligence and develop functions in connection with automatic market data gathering and analyzing. With such an advanced transaction matching system, we will be able to facilitate transactions more accurately and efficiently, and our sales staff may focus on liaising with the matched suppliers and customers to lock in transactions. However, the optimization of our proprietary transaction matching system and the development of new functions involve inherent technical and business risks, and there is no guarantee that we will successfully develop new functions, recover associated costs, or optimize our proprietary transaction matching system to meet evolving customer needs and industry standards. Failure to develop new functions or optimize our proprietary transaction matching system to adapt to market conditions could have a material and adverse effect on our business, financial condition and results of operations. We are dependent upon our suppliers, and our operations could be disrupted if our relationships with our suppliers are compromised. We rely on our suppliers to provide all of our products. For our waste paper recycling business, we source waste paper from collection companies and purchase recycled paper pulp from pulp mills; for our scrap metal recycling business, we purchase obsolete metal products from collection companies and buy dismantled wires from dismantling factories. Our reliance on our suppliers makes us vulnerable to possible capacity constraints and reduced control over product availability, delivery schedules, and costs. Furthermore, as we do not generally enter into long -termsupply agreements with our suppliers but source the products by placing fixed -termpurchase orders on a deal -by -dealbasis instead,