Company: SEAH
Filing Date: 2025-09-25
Form Type: F-1
Source: 0001213900-25-091701
Chunk: 172

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-09-25
Form: F-1
Chunk 172
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 company — Seahawk. •Seahawk acquired 100% of the equity interests in Kaiyo on March10, 2025, and subsequently acquired 100% of the equity interests in Top Edge on March27, 2025, thereby becoming the sole shareholder of both entities. Upon the completion of the above Reorganization, the Group became the ultimate holding company of all other entities mentioned above. The Group is effectively controlled by the same group of controlling shareholders before and after the Reorganization; therefore, the Reorganization is considered a recapitalization of these entities under common control. The consolidation of the Company and its subsidiaries was accounted for at carrying amount and prepared on the basis as if the aforementioned transactions had become effective as of the beginning of the first period presented in the accompanying consolidated financial statements. Results of operations for the period presented comprise those of the previous separate entries combined from the beginning of the period to the end of the period, eliminating the effects of intra -entitytransactions. The consolidated financial statements of the Group include the following entities:

| Name                                         
 Seahawk Recycling Holdings, Inc. (“Seahawk”) 
 Top Edge Developments Limited (“Top Edge”)   |     | Date of           
 Incorporation     
 February 27, 2025 
 February 18, 2022 |     | Place of      
 Incorporation 
 BVI           
 BVI           |     | Percentage of 
 Effective     
 Ownership     
 100%          
 100%          |     | Principal Activities                                                 
 Investment holding                                                   
 Investment holding                                                   |
|:---------------------------------------------|:----|:------------------|:----|:--------------|:----|:--------------|:----|:---------------------------------------------------------------------|
| Kaiyo Japan Co., Ltd. (“Kaiyo”)              |     | March 5, 2013     |     | Japan         |     | 100%          |     | Trading of recyclable resources such as waste paper and scrap metal. |

2.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (a)Basis of presentation The accompanying consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and pursuant to the rules and regulations of the Securities Exchange Commission (“SEC”).

F-7

SEAHAWK RECYCLING HOLDINGS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (In U.S. Dollar, except for share data) 2.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont.) (