Company: SEAH
Filing Date: 2025-11-24
Form Type: F-1/A
Source: 0001213900-25-113788
Chunk: 118

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-11-24
Form: F-1/A
Chunk 118
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FTA”) and related cabinet orders and ministerial ordinances, which we refer to collectively as the Foreign Exchange Regulations, govern certain aspects relating to the acquisition and holding of shares by “exchange non -residents” and by “foreign investors” (as these terms are defined below). Exchange residents are defined in the Foreign Exchange Regulations as: (i)individuals who reside within Japan; or (ii)corporations whose principal offices are located within Japan. Exchange non -residentsare defined in the Foreign Exchange Regulations as: (i)individuals who do not reside in Japan; or (ii)corporations whose principal offices are located outside Japan. Generally, branches and other offices of non -residentcorporations located within Japan are regarded as exchange residents. Conversely, branches and other offices of Japanese corporations located outside Japan are regarded as exchange non -residents. Foreign investors are defined in the Foreign Exchange Regulations as: (i)individuals who are exchange non -residents; (ii)corporations or other entities organized under the laws of foreign countries or whose principal offices are located outside Japan; (iii)corporations of which 50% or more of the total voting rights are held, directly or indirectly, by individuals and/or corporations falling within (i) and/or (ii) above; (iv)investment partnerships and limited liability partnerships for investment, etc. (including foreign partnerships) in which the ratio of capital contribution from exchange non -residentsis 50% or more of the total amount of capital contribution by all partners, or in which a majority of the managing partners are exchange non -residents; or (v)corporations or other entities having a majority of either (A) directors or other persons equivalent thereto or (B) directors or other persons equivalent thereto having the power of representation who are non -residentindividuals. 83 Acquisition of Shares Acquisition by a foreign investor of shares of a Japanese corporation from a non -foreigninvestor requires pre or post facto reporting by the foreign investor through an exchange resident to the Minister of Finance of Japan through the Bank of Japan. No such reporting requirement is generally imposed, however, if: (i)shares are acquired due to the occurrence of an event of inheritance, bequest, gratis allotment of shares, or acquisition of shares with a call provision; or (ii)both the investment ratio and the voting right ratio (total of closely related parties) of all shares held after the share acquisition are less than 10% (provided