Company: SEAH
Filing Date: 2025-11-24
Form Type: F-1/A
Source: 0001213900-25-113788
Chunk: 176

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-11-24
Form: F-1/A
Chunk 176
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 tax paid                                                                                    |     | $                   |     32,264 |   |     | $    |      6,181 |   |
| Interest expense paid                                                                              |     | $                   |     71,332 |   |     | $    |     57,363 |   |
| Supplemental disclosures of non-cash activities:                                                   |     |                     |            |   |     |      |            |   |
| Obtaining operating right-of-use assets in exchange for lease liabilities                          |     | $                   |          — |   |     | $    |     81,294 |   |

The accompanying notes are an integral part of these consolidated financial statements.

F-6

SEAHAWK RECYCLING HOLDINGS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (In U.S. Dollar, except for share data) 1.ORGANIZATION AND PRINCIPAL ACTIVITIES (a)Principal activities Seahawk Recycling Holdings, Inc. (the “Company” or “Seahawk”) was incorporated under the laws of the British Virgin Islands (“BVI”) on February 27, 2025 as an exempted company with limited liability. The Company primarily engages in the domestic and international sales of recyclable resources, including waste paper and scrap metal, through its operating Japanese subsidiary, Kaiyo Japan Co., Ltd. (collectively referred to as the “Group”). (b)Reorganization In anticipation of an initial public offering (“IPO”) of its equity securities, the Group undertook a reorganization (the “Reorganization”) of its corporate structure which was completed on March 27, 2025 in the following steps: •On February27, 2025, as part of the restructuring of Kaiyo Japan Co., Ltd. (“Kaiyo”) and Top edge development limited BVI (“Top Edge”), Shihai Bi (“Mr.Shihai Bi”) and Guanglang Jiang (“Mr.Guanglang Jiang”) established a new holding 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