Company: SEAH
Filing Date: 2025-07-24
Form Type: DRS
Source: 0001213900-25-067275
Chunk: 120

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-07-24
Form: DRS
Chunk 120
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 within one year of disbursement. In addition, Mr. Shihai Bi provided personal guarantees for bank borrowings of US$3,440,354 and US$4,062,684 as of March 31, 2025 and 2024, respectively (See Note 9). Related party transactions

| Mr. Shihai Bi                                 |     | For the years ended 
 March 31,           
 2025                |          |   |     | 2024 |          |   |
|:----------------------------------------------|:----|:--------------------|---------:|:--|:----|:-----|---------:|:--|
| Loan from a related party                     |     | $                   |  131,231 |   |     | $    |  449,813 |   |
| Repayment of loan provided by a related party |     |                     | (328,078 | ) |     |      | (207,599 | ) |
| Mr. Guanglang Jiang                           |     |                     |          |   |     |      |          |   |
| Other payables                                |     |                     |   72,326 |   |     |      |        — |   |
| Total                                         |     | $                   | (124,521 | ) |     | $    |  242,214 |   |

Loan from a related party During the fiscal years ended March 31, 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. Loan guaranteed by a related party As of March 31, 2025 and 2024, the bank borrowings of US$3,440,354 and US$4,062,684 were guaranteed by Mr. Shihai Bi. Other payables by a related party During the year ended March 31, 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.

94 Policies and Procedures for Related Party Transactions We do not currently have an audit committee, and our board of directors is responsible for reviewing and approving any related party transactions. In evaluating any such transactions