Company: SEAH
Filing Date: 2025-07-24
Form Type: DRS
Source: 0001213900-25-067275
Chunk: 195

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-07-24
Form: DRS
Chunk 195
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 Group’s accounts payable |     |                 |   |     |       |   |
| Supplier B                                 |     |           59.15 | % |     |     * |   |
| Supplier C                                 |     |           19.05 | % |     |     * |   |
| Supplier D                                 |     |               * |   |     | 22.80 | % |
| Supplier E                                 |     |               * |   |     | 16.57 | % |
| Supplier F                                 |     |               * |   |     | 16.37 | % |

____________ *Represents percentage less than 10%

F-29 SEAHAWK RECYCLING HOLDINGS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (In U.S. Dollar, except for share data) 16.COMMITMENTS AND CONTINGENCIES Commitments As of March 31, 2025 and 2024, the Group had neither significant financial nor capital commitment. Contingencies In the ordinary course of business, the Group may be subject to legal proceedings regarding contractual and employment relationships and a variety of other matters. The Group records contingent liabilities resulting from such claims, when a loss is assessed to be probable and the amount of the loss is reasonably estimable. In the opinion of management, there were no pending or threatened claims and litigation as of March 31, 2025 and 2024, and through the issuance date of these consolidated financial statements. 17.SUBSEQUENT EVENTS The Group has evaluated the impact of events that have occurred subsequent to March 31, 2025, through July24, 2025, the issuance date of the consolidated financial statements, and concluded that no other subsequent events have occurred that would require recognition in the consolidated financial statements or disclosure in the notes to the consolidated financial statements, except for the event as discussed below. On June27, 2025, the Company approved a dual -classshare structure (See Note 14). The numbers of authorized and outstanding ordinary shares were retroactively applied as if the transaction occurred at the beginning of the period presented. F-30 Until [], 2025, all dealers that effect transactions in these securities, whether or not participating in the Offering, may be required to deliver a prospectus. This is in addition to the dealers’ obligation to deliver a prospectus when acting as underwriter and with respect to their unsold allotments or subscriptions. [] Class A Ordinary Shares Seahawk Recycling Holdings, Inc