Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 4

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 4
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 or such persons under the U. S. securities laws or the civil liability provisions of any U. S. state, which shall be determined in accordance with the laws and regulations of the Cayman Islands or the PRC.

The recognition and enforcement of foreign judgments are provided for under the PRC Civil Procedures Law. PRC courts may recognize and enforce foreign judgments in accordance with the requirements of the PRC Civil Procedures Law based either on treaties between China and the country where the judgment is made or on principles of reciprocity between jurisdictions. China does not have any treaties or other forms of written arrangement with the U. S. that provide for the reciprocal recognition and enforcement of foreign judgments. In addition, according to the PRC Civil Procedures Law, the PRC courts will not enforce a foreign judgment against us or our directors and officers if they decide that the judgment violates the basic principles of PRC laws or national sovereignty, security, or public interest. As a result, it is uncertain whether and on what basis a PRC court would enforce a judgment rendered by a court in the U. S.

Investigations and evidence collection conducted by you and overseas regulators within China shall be subject to Chinese laws and regulations. For example, pursuant to the PRC Civil Procedures Law, a foreign court may request a People’s Court to carry out service of documents on its behalf, investigation and collection of evidence and any other litigation acts. Where a request by a foreign court for assistance is prejudicial to the sovereignty, security or public interest of the People’s Republic of China, the People’s Court shall refuse to enforce it. Also, the request for and provision of judicial assistance shall be carried out via the channels stipulated in an international treaty concluded or participated in by the PRC; where there are no treaty relations, request for and provision of judicial assistance shall be carried out via diplomatic channels. As there is no treaty between China and the U. S. in this regard, it may be difficult for you to conduct investigations or collect evidence in China, compared to doing so in your home country against a domestic defendant.

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Moreover, the SEC has stated that there are significant legal and other obstacles in China to obtaining information needed for shareholder investigations or litigation outside China or otherwise with respect to foreign entities. Although the authorities in China may establish a regulatory cooperation mechanism with its counterparts of another country or region to monitor and oversee cross-border securities activities, such regulatory cooperation with the securities regulatory authorities in the U. S. may not be efficient in the absence of a