Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 68

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 4
Chunk 68
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 law, all or part of each VIE’s shareholder’s equity interests in the VIE. The Share Disposal and Exclusive Option to Purchase Agreement, together with the Equity Pledge Agreement, Exclusive Business Cooperation and Service Agreement, and the Proxy Agreement, enable WFOE to exercise effective control over VIEs.

The Share Disposal and Exclusive Option to Purchase Agreement remain effective for a term of 20 years, can only be terminated if one party defaults, and may be renewed at WFOE’s election.

Proxy Agreement

Under the Proxy Agreement, the shareholders of each VIE have authorized WFOE to act on its behalf as its exclusive agent and attorney with respect to all rights as shareholders, including, but not limited to: (a) attending shareholders’ meetings; (b) exercising all the shareholders’ rights, including voting, that shareholders are entitled to under PRC laws and the articles of association of each VIE, including, but not limited to, the sale or transfer or pledge or disposition of shares in part or in whole; and (c) designating and appointing on behalf of shareholders the legal representative, the executive director, supervisor, the chief executive officer and other senior management members of each VIE.

The term of the Proxy Agreement is the same as the term of the Share Disposal and Exclusive Option to Purchase Agreement. The Proxy Agreement is irrevocable and continuously valid from the date of execution of the Proxy Agreement, so long as the VIEs’ shareholders are the shareholders of Company.

Spousal Consent

Pursuant to the Spousal Consent, the spouse of Jie Xiao, the controlling shareholder of Xinjiang YSX irrevocably agreed that the equity interest in the VIE held by her spouse would be disposed of pursuant to the Equity Interest Pledge Agreement, the Share Disposal and Exclusive Option to Purchase Agreement, and the Proxy Agreement. She agreed not to assert any rights over the equity interest in the VIE held by her spouses. In addition, in the event that she obtains any equity interest in the VIE through Jie Xiao for any reason, he or she agreed to be bound by the VIE contractual arrangements. The Spouse Consent shall continue to be valid and binding until otherwise terminated by both WFOE and the spouse in writing.

Corporate Information

Our principal executive offices are located at 401, Floor 4, Building 12, No. 1601, South Guangzhou Avenue, Haizhu District, Guangzhou, PRC, and our