Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 211

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 211
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ayment of) borrowing from related parties                                                                           ( 275,627)                     275,736                      63,129  
  Capital contributions by shareholders                                                                                                          —                           —                     828,056  
  Payment for deferred initial public offering costs                                                                                             —                  ( 119,102)                           —  
  Net proceeds from completion of the initial public offering                                                                            5,073,566                           —                           —  
  Net cash provided by financing activities                                                                                              7,249,130                   1,990,753                     482,468  
  Effect of exchange rate change on cash                                                                                                   124,560                  ( 171,203)                  ( 295,422)  
  Net increase (decrease) in cash                                                                                                        2,821,291                     897,408                  ( 763,651)  
  Cash, beginning of year                                                                                                                4,283,794                   3,386,386                   4,150,037  
  Cash, end of year                                                                                $                                     7,105,085      $            4,283,794      $            3,386,386  
  Supplemental disclosures of cash flow information:                                                                                                                                                        
  Cash paid for income tax                                                                         $                                        29,966      $               36,595      $               24,521  
  Cash paid for interest                                                                           $                                       159,298      $              139,752      $               83,543  

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

F-7

Table of Contents

YSX TECH. CO., LTD AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1 - ORGANIZATION AND BUSINESS DESCRIPTION

Business

YSX Tech. Co., Ltd (“ YSX Cayman” or the “ Company”), through its wholly-owned subsidiaries and entities controlled through contractual arrangements, is primarily engaged in providing comprehensive business solutions to its customers, mainly insurance companies and brokerages in China. Based on its in-depth knowledge of the Chinese insurance industry accumulated from years of servicing its customers, the Company specializes in auto insurance aftermarket value-added services, software development and information technology services, as well as other scenario-based customized services. Unless otherwise specified, the Company’s substantial business operations are located in the People’s Republic of China (“ PRC”).

Organization

YSX Cayman was incorporated as an exempt company with limited liability under the laws of the Cayman Islands on November 9, 2022