Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 240

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 240
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 especially for making payments to external vendors to perform the outsourced value-added services. Based on the loan repayment schedule, Mr. Jie Xiao is required to make a repayment of RMB10million (approximately $1,378,037) to GZ Rural Bank upon maturity. Therefore, the Company is also required to make the same amount of repayment to Mr. Jie Xiao. There was no other loan collateral or covenant requirement on this loan. During the year ended March 31, 2025, the Company repaid RMB500,000(approximately $68,902) to Mr. Jie Xiao and Mr. Jie Xiao repaid the same amount to GZ Rural Bank. Upon completion of the IPO on December 19, 2024, the Company fully repaid the remaining balance of RMB9.5million (approximately $1,309,135) to Mr. Jie Xiao and Mr. Jie Xiao repaid the same amount to GZ Rural Bank. As a result, the balance of long-term loan, related party, wasNilas of March 31, 2025.

For the above-mentioned short-term and long-term loans from PRC banks, financial institutions and related party, interest expense amounted to $159,298, $139,752and $83,543for the years ended March 31, 2025, 2024 and 2023, respectively.

NOTE 7 - TAXES

(a)CorporateIncomeTaxes(“ CIT”)

Cayman Islands

Under the current tax laws of the Cayman Islands, the Company is not subject to tax on its income or capital gains. In addition, no Cayman Islands withholding tax will be imposed upon the payment of dividends by the Company to its shareholders.

Hong Kong

YSX HK was incorporated in Hong Kong and is subject to profit taxes in Hong Kong at a rate of16.5%. However, YSX HK did not generate any assessable profits arising in or derived from Hong Kong for the fiscal years ended March 31, 2025, 2024 and 2023, and accordinglynoprovision for Hong Kong profits tax has been made in these periods.

F-25

Table of Contents

PRC
Under the Enterprise Income Tax (“ EIT”) Law of the PRC, domestic enterprises and Foreign Investment Enterprises (the “ FIE”) are normally subject to a unified25% enterprise income tax rate while preferential tax rates, tax holidays, or exemptions may be granted