Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 73

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 4
Chunk 73
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 services, and other scenario-based customized services. YSX Operating Companies’ goal is to become a one-stop service provider for insurance companies and brokerages and have the ability to provide both standard and customized solutions based on the needs of the customers.

Experienced Management Team

The YSX Operating Companies were founded and led by entrepreneurs who had years of experiences in the insurance and financial industries. Mr. Jie Xiao, co-founder and CEO of Xinjiang YSX, had worked in the financial industry for more than 23 years before he founded Xinjiang YSX in 2015. Mr. Weiqiang Zheng, director of YSX and executive director of Xihang, had extensive experience in the insurance industry for nearly 30 years and founded an insurance agency in 2000. Mr. Wenpeng Wang, co-founder and vice president of Xinjiang YSX, was an executive at a number of large insurance companies, including China United Insurance and Taiping Insurance.

Rich Resources

Through years of working with insurance companies and brokerages, the YSX Operating Companies have developed a thorough understanding of their customers’ market positioning strategies, and formed a network of qualified third-party vendors. All of the above are valuable resources available for the YSX Operating Companies in providing customized business solutions to customers.

Table of Contents

Growth Strategies

We intend to grow our business using the following key strategies:

Improve Market Position by Gaining Additional Market Shares

The YSX Operating Companies intend to strengthen their market positions through organic growth, horizontal or vertical acquisitions, and strategic partnerships such as joint ventures. The YSX Operating Companies plan to invest in their sales and marketing, with more exposures and promotions, so that the “ YSX” brand can be better recognized and attract more enterprise customers. As of the date of this annual report, the YSX Operating Companies have no agreements or letters of intent for any acquisitions, partnerships or ventures.

Expand to New Geographic Markets

The YSX Operating Companies intend to penetrate new geographic markets to further gain market share and access a broader customer base. To that end, beginning in 2021, the YSX Operating Companies started cooperating with local business partners to enter new geographic markets outside Xinjang Province and Guangzhou Province, while also minimizing initial capital outlay.

Continue to Attract, Incentivize and Retain Talented Professionals

The YSX Operating Companies believe that success depends on their ability to attract, incentivize and retain talented professionals. With a view to maintaining and improving competitive advantages, the YSX Operating Companies plan to implement