Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 235

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 235
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MB2million loan to CCB and entered into a new loan agreement with CCB to extend the loan matuirity date to June 11, 2026 (see Note 13).
In addition, on August 24, 2023, Xihang, entered into a revolving line of credit agreement with CCB to borrow a maximum of RMB8million (approximately $1,102,429) loan as working capital. The loan can be borrowed anytime during the period from August 24, 2023 to August 24, 2026. Xihang has the right to repay the loan and borrow again anytime within the loan period. The loan bears variable interest rates based on the prevailing interestrates set by the People’s Bank of China at the time of borrowing, plus40basis points, at an effective interest rate of3.95% per annum. As of March 31, 2024, the outstanding loan balance that Xihang borrowed from CCB amounted to RMB6.48million (approximately $892,968). During the year ended March 31, 2025, Xihang repaid RMB14.5million (approximately $2.0million) to CCB and also borrowed RMB16.0million (approximately $2.2million) from CCB out of this revolving line of credit, as of March 31, 2025, the outstanding loan balance that Xihang borrowed from CCB amounted to RMB7.98million (approximately $1,099,673). Subsequently, on April 8, 2025, Xihang repaid RMB1.0million (approximately $137,804) to CCB (see Note 13).
As of March 31, 2025 and 2024, the loans payable to CCB amounted to $1,650,888and $1,451,282, respectively.
(2)From June 29, 2023 to December 18, 2023, Xinjiang YSX, entered into multiple revolving loan agreements with Sichuan XW Bank to borrow an aggregate of loans of RMB10.97million (approximately $1,511,706) as working capital forfour months, with loan maturity date ranging between October 21, 2023 to April 21, 2024. The loans bear variable interest rates based on the prevailing interestrates set by the People’s Bank of China at the time of borrowing, plus395basis points