Company: SEAH
Filing Date: 2025-07-24
Form Type: DRS
Source: 0001213900-25-067275
Chunk: 99

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-07-24
Form: DRS
Chunk 99
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 by the customers of our scrap metal recycling business located in Japan, East Asia and Southeast Asia, respectively. In the fiscal year ended March 31, 2024, 69.3%, 4.7% and 0.9% of our total revenue were contributed by the customers of our scrap metal recycling business located in Japan, East Asia and Southeast Asia, respectively. 75 Obsolete Metal Products Sorting and Processing 76 Processed and Dismantled Metal Wires Sales and Logistics Operations Our sales activities are driven by our proprietary transaction matching system designed to optimize trading efficiency and responsiveness. The system integrates real -timedata on supply quantities, demand levels, and market pricing that we gather from public databases, internal client systems, telemarketing, and direct communications. Our proprietary system enables us to match optimal supply and demand combinations efficiently. Once the system matches the best transaction combinations, our sales staff would contact the matched suppliers and customers through various communication channels, including telephone, email, and instant messaging platforms, to lock in transactions. Once our purchase from the matched supplier and sale to the matched customer of the product are both secured, we then coordinate the logistics of each transaction through a network of third -partylogistics service providers to deliver the products from the suppliers to the customers. For exporting transactions, we manage the entire supply chain from picking up products from the suppliers, transporting the products to the ports, usually the Tokyo port, to shipping the products to the designated ports through international ocean freight, ensuring seamless and cost -efficientglobal deliveries. 77 For domestic delivery, we are generally responsible for the payment of the delivery, and, pursuant to the purchase orders our customers placed to us, the risk of loss or damage of the products will not be transferred to customers until the products are received by them. However, pursuant to the delivery orders we generally place to the logistics service providers, if the products are ever damaged or lost during the delivery, we will have the contractual rights to seek reimbursement and compensation from the logistics service providers. Domestic Delivery For international ocean freight, we are generally responsible for paying the shipping costs and securing insurance for the products during the shipments. However, pursuant to the delivery orders we generally place to the international ocean freight service providers, the risk of loss or damage of the products will be transferred to the customers either when the products are loaded onto the vessel at the departure ports or when the products arrive at the ports designated by the customers. International Ocean Freight 78 We do not generally enter into long -termlogistics