Company: SEAH
Filing Date: 2025-09-25
Form Type: F-1
Source: 0001213900-25-091701
Chunk: 199

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-09-25
Form: F-1
Chunk 199
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)                 |     | $                   |  131,231 |   |     | $    |  449,813 |   |
| Repayment of loan provided by a related party |     |                     | (328,078 | ) |     |      | (207,599 | ) |
| Mr. Guanglang Jiang                           |     |                     |          |   |     |      |          |   |
| Other payables (ii)                           |     |                     |   72,326 |   |     |      |        — |   |
| Total                                         |     | $                   | (124,521 | ) |     | $    |  242,214 |   |

(i).Loan from a related party During the fiscal years ended March31, 2025 and 2024, Mr.Shihai Bi provided the Group with unsecured, non -interestbearing, and demandable loans in the amounts of $131,231 and $449,813, respectively. The Group repaid $328,078 and $207,599 of such loans during the same respective periods. (ii).Other payables by a related party During the year ended March31, 2025, Mr.Guanglang Jiang, paid certain expenses on behalf of the Group primarily related to the Company’s establishment and general operating activities. These payments were unsecured, non -interestbearing, and repayable on demand. Loan guaranteed by a related party As of March31, 2025 and 2024, the Group’s bank borrowings of US$3,440,354 and US$4,062,684 were guaranteed by Mr.Shihai Bi (see Note 9).

F-27 SEAHAWK RECYCLING HOLDINGS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (In U.S. Dollar, except for share data) 14.EQUITY Ordinary Shares On February 27, 2025, the Company was incorporated in the BVI and was initially authorized to issue 50,000shares with a par value of US$1.00 each. On February 27, 2025, the Company issued 10,000 ordinary shares with a par value of US$1.00 to its shareholders, of which the share and per share information are presented on a retrospective basis as of the beginning of the first period presented to reflect the Reorganization. The directors and shareholders of the Company passed written resolutions on August8, 2025 to amend the