Company: SEAH
Filing Date: 2025-09-25
Form Type: F-1
Source: 0001213900-25-091701
Chunk: 121

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-09-25
Form: F-1
Chunk 121
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 owe fiduciary duties both at common law and under statute, including a statutory duty to act honestly, in good faith and with a view to our best interests. When exercising powers or performing duties as a director, our directors also have a duty to exercise the care, diligence and skills that a reasonable director would exercise in comparable circumstances, taking into account, without limitation, the nature of the Company, the nature of the decision and the position of the director and the nature of the responsibilities undertaken by him. In exercising the powers of a director, the directors must exercise their powers for a proper purpose and shall not act or agree to the Company acting in a manner that contravenes our Memorandum and Articles or the BVI Act. See “Description of Shares — Differences in Corporate Law” for additional information on our directors’ fiduciary duties under BVI law. In fulfilling their duty of care to us, our directors must ensure compliance with our Memorandum and Articles. We have the right to seek damages if a duty owed by our directors is breached. 85 The functions and powers of our board of directors include, among others: •appointing officers and determining the term of office of the officers; •authorizing the payment of donations to religious, charitable, public or other bodies, clubs, funds or associations as deemed advisable; •exercising the borrowing powers of the Company and mortgaging the property of the Company; •executing checks, promissory notes and other negotiable instruments on behalf of the Company; and •managing, directing or supervising the business and affairs of the Company. Terms of Directors and Executive Officers All of our executive officers are appointed by and serve at the discretion of our board of directors. Qualification There is currently no shareholding qualification for directors. Insider Participation Concerning Executive Compensation Mr.Guanglang Jiang, our Director, Chairman of the Board of Directors, and Chief Executive Officer, has made and will continue to make determinations regarding executive officer compensation until independent directors are appointed to the board of directors. Committees of the Board of Directors We will establish three committees under the board of directors immediately upon effectiveness of the registration statement of which this prospectus forms a part: an Audit Committee, a Compensation Committee and a Nominating and Corporate Governance Committee. Even though we are exempted from corporate governance standards because we are a foreign private issuer, we have voluntarily adopted a charter for each of the three committees. Each committee’s members and functions are described below. Audit Committee.Our audit committee will consist of Lin