Company: SEAH
Filing Date: 2025-07-24
Form Type: DRS
Source: 0001213900-25-067275
Chunk: 102

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-07-24
Form: DRS
Chunk 102
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 Southeast Asia, we also compete with companies that export waste paper or scrap metal to East Asia and Southeast Asia, such as America Chung Nam LLC. Despite that, many of our competitors have longer operating histories, better brand recognition, greater financial, technical, or marketing resources, stronger relationships with customers, and larger economies of scale than we do, and operate a business model that provides them with competitive advantages as they are less dependent on upstream suppliers and/or downstream customers in the value chain, we believe that we are nevertheless well -positionedto effectively compete in the waste paper recycling and scrap metal recycling industries on the basis of our effective proprietary transaction matching system, established relationships with existing suppliers and customers, commitment to sustainability and the green circular economy, product diversification, strategic global layout, flexible logistics model, and proficiency and familiarity with the regulations of the Japanese recycling industry. Employees We had17,15, and 11 full -timeemployees as of the date of this prospectus, March 31, 2025, 2024 and 2023, respectively. The following table sets forth the number of our full -timeemployees categorized by areas of operations as of the date of this prospectus:

| Function                        |     | Number |
| Management                      |     |      2 |
| General and administration      |     |      1 |
| Sales, purchasing and logistics |     |     10 |
| Finance                         |     |      2 |
| Supply chain                    |     |      2 |
| Total                           |     |     17 |

We enter into employment agreements with our full -timeemployees. The employment agreements have an indefinite term and may be terminated by the employee with a 30 -dayadvance notice. Dismissal of the employee by us is required to meet the following requirements: (i) the dismissal is objectively reasonable and socially acceptable; (ii) the dismissal is based on the grounds set forth in the labor regulations; (iii) the dismissal does not fall under any of the prohibited grounds stipulated by law; and (iv) a 30 -dayadvance notice is given, or a dismissal allowance is paid in lieu of such notice. In addition, we enter into confidentiality and non -competeagreements with our key employees before they leave our Company. We did not have contract workers as of the date of this prospectus, March 31, 2025, 2024 and 2023. We believe that we maintain a good working relationship with our full -timeemployees, and we