Company: SEAH
Filing Date: 2025-09-25
Form Type: F-1
Source: 0001213900-25-091701
Chunk: 103

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-09-25
Form: F-1
Chunk 103
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 the Philippines present significant opportunities for expanding our waste paper and pulp exports. In addition, building on our established U.S. - to-Malaysiawaste paper supply chain, we aim to replicate similar trade models in other regions to not only broaden our customer base but also increase and diversify the source of our supply. In preparation for this global expansion, we have engaged in collaboration with some partners who are familiar with the diverse Asian languages and business cultures to build an international business development team. This dedicated team will contact local customers and suppliers and familiarize themselves with local regulations. We plan to establish operating subsidiaries in Hong Kong and China to commence our operations in these regions by 2026 and 2027, respectively, with the goal of reaching profitability in these markets by 2028. For our plan in Hong Kong, we intend to establish an operating subsidiary and commence its operations in the second and third quarters of 2026, respectively, for which we currently anticipate to collectively expend $240,000, to maintain its operations in 2027, for which we currently anticipate to expend $200,000, and to expand its operations further in 2028, for which we currently anticipate to expend $160,000. For our plan in China, we intend to prepare for the establishment of an operating subsidiary in the second quarter of 2026 and obtain the approval from the Chinese government for its establishment in the third quarter of 2026, respectively, for which we currently anticipate to collectively expend $360,000, establish the operating subsidiary and commence its operations in 2027, for which we currently anticipate to expend $500,000, and expand its operations further in 2028, for which we currently anticipate to expend $340,000. Optimizing and Developing our Proprietary Transaction Matching System Currently, to facilitate the transactions, we rely on our sales staff to gather real -timemarket data such as the quantity of supply and demand and transaction prices on a daily basis through public information platforms, our client information systems, telemarketing, etc., and enter the data into our proprietary transaction matching system. We plan to invest more resources to optimize our proprietary transaction matching system with artificial intelligence and develop functions in connection with automatic market data gathering and analyzing. With such an advanced transaction matching system, we will be able to facilitate transactions more accurately and efficiently, and our sales staff may focus on liaising with the matched suppliers and customers to lock in transactions. New Product Development and Diversification We are exploring new recyclable materials