Company: SEAH
Filing Date: 2025-07-24
Form Type: DRS
Source: 0001213900-25-067275
Chunk: 11

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-07-24
Form: DRS
Chunk 11
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 •on February27, 2025, the Company was incorporated under the laws of the BVI as a business company with limited liability; •on March10, 2025, the Company acquired 100% of the equity interests in the Operating Entity from its original shareholders; and •on March27, 2025, the Company acquired 100% of the equity interests in Top Edge from its original shareholders. Consequently, the Company, through a restructuring which is accounted for as a reorganization of entities under common control, became the ultimate holding company of all other entities mentioned above. 5 The following diagram illustrates our corporate structure as of the date of this prospectus and upon the completion of the Offering, based on a proposed offering of [] Class A Ordinary Shares, assuming the underwriter does not exercise its over -allotmentoption. ____________ (1)Represents [5,740] Class A Ordinary Shares and [1,500] Class B Ordinary Shares indirectly held by Guanglang Jiang, our Director, Chairman of the Board of Directors, and Chief Executive Officer, and Shihai Bi, our Director and Chief Financial Officer, the 49% beneficial owner and the 51% beneficial owner, respectively, of WISDOM FOCUS GROUP LTD., as of the date of this prospectus. (2)Represents [900] Class A Ordinary Shares indirectly held by Xiaoyu Zhao, the 100% beneficial owner of Kumo Capital Limited, as of the date of this prospectus. (3)Represents [480] Class A Ordinary Shares indirectly held by Kunliang Xu, the 100% beneficial owner of HONOUR GLOBAL GROUP LIMITED, as of the date of this prospectus. (4)Represents [480] Class A Ordinary Shares indirectly held by Gaofei Ma, the 100% beneficial owner of Takumi Green Group Ltd., as of the date of this prospectus. (5)Represents [450] Class A Ordinary Shares indirectly held by Lixuan Ke, the 100% beneficial owner of LINK POWER VENTURES LIMITED, as of the date of this prospectus. (6)Represents [450] Class A Ordinary Shares indirectly held by Nini Deng, the 100% beneficial owner of Midori Earth Holdings Limited, as of the date of this prospectus. For more details on our corporate history, please refer to “ Corporate History and Structure.” Transfers of Cash to and from Our Subsidiaries Seahawk is a holding company with