Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 239

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 239
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 March 10, 2025 to December 31, 2035. As of March 31, 2025, the current portion of long - term loan that Guangzhou YSX borrowed from BOC amounted to $41,341and non - current portion of long - term loans amounted to $647,677, respectively.
For the above mentioned long - term loans that Xihang, YSX Network and Guangzhou YSX borrowed from BOC, the current portion of long - term loans borrowed from BOC amounted to $578,775and non - current portion of long - term loans amounted to $1,281,574as of March 31, 2025, respectively.

F-24

Table of Contents

(c) Long-term loan, related party:

                                                                                                                       As of March 31,                           
                                                                                                                       2025                 2024                 
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Loan borrowed from Mr. Jie Xiao, CEO, Chairman of the Board and controlling shareholder of the Company      (6)      $                    $         1,384,811  
  Less: current portion of loan payable to a related party                                                                                            —          
  Total loan payable to a related party, non-current                                                                   $                    $         1,384,811  

(6)Because of certain restrictions from the PRC financial institutions, On June 2, 2023, Mr. Jie Xiao, entered into a loan agreement with Guangzhou Rural Commercial Bank Co. Ltd. (“ GZ Rural Bank”) to borrow RMB10million (approximately $1,378,037) forthree years, with loan maturity date on June 2, 2026. The loan bears interest at a variable rate calculated based on the prevailing interest rates set by the People’s Bank of China at the time of borrowing, plus55basis points, and the effective interest rate is4.10% per annum. Xinjiang YSX and its branch company Guangzhou YSX provided 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. At the same time, the Company signed a loan agreement with Mr. Jie Xiao to borrow the RMB10million (approximately $1,378,037) with the same borrowing terms and interest rate. The purpose of this borrowing is to obtain funds to support the Company’s working capital needs,