Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 164

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 7
Chunk 164
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 parties used for working capital during the Company’s normal course of business. Such advance was non-interest bearing and due on demand.

e. Loan borrowed from a related party

In connection with the RMB 10 million (approximately $1,378,037) loan that Mr. Jie Xiao borrowed from GZ Rural Bank, the Company signed a loan agreement with Mr. Jie Xiao to borrow the same amount from him under the same borrowing terms and interest rate. The loan was fully repaid as of March 31, 2025 (see Note 6).

f. Loan guarantees provided by related parties

In connection with the RMB 10 million loan that Mr. Jie Xiao, borrowed from GZ Rural Bank, Xinjiang YSX and its branch company Guangzhou YSX provided a guarantee to this loan. The Company’s shareholder, Mr. Weiqiang Zhen, pledged his personal assets as collateral with GZ Rural Bank to further secure this loan. The loan was fully repaid as of March 31, 2025 (see Note 6).

In connection with the RMB 10 million (approximately $1,378,037) loan that YSX Network borrowed from China Citic Bank, related party, Mr. Jie Xiao provided a guarantee to a maximum loan of RMB 10 million (approximately $1,378,037) that YSX Network may borrow from China Citic Bank during the period from December 6, 2024 to November 21, 2025 (see Note 6).

Table of Contents

In connection with the RMB 5.0 million (approximately $689,018) loan that YSX Network borrowed from BOC, related party, Mr. Jie Xiao and Xinjiang YSX separately signed a loan guarantee agreement with BOC to provide a guarantee for a maximum loan of RMB 5.0 million (approximately $689,018) that Guangzhou YSX may borrow from BOC during the period from December 20, 2024 to December 31, 2034 (see Note 6).

In connection with the RMB 5.0 million (approximately $689,018) loan that Guangzhou YSX, borrowed from BOC, related party, Mr. Jie Xiao and Xinjiang YSX separately signed a loan guarantee agreement with BOC to provide a guarantee for a maximum loan of RMB 5.0 million (approximately $689,018) that Guangzhou YSX may borrow from BOC during