Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 251

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 251
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, par value US$0.0001per share at a public offering price of $4.00per share, and the Company’s ordinary shares started to trade on the Nasdaq Capital Market under the ticker symbol “ YSXT” since December 18, 2024. On the IPO Closing date, the underwriters exercised its over-allotment option to purchase an additional187,500ordinary shares, par value US$0.0001per share at the price of $4.00per share.
As of March 31, 2025, the Company had23,437,500shares of ordinary shares issued and outstanding, which consists of22,260,175shares of Class A ordinary shares and1,177,325shares of Class B ordinary shares.
Capital contribution
During the years ended March 31, 2023, the shareholders of the Company’s VIE entity, Xinjiang YSX, contributed $828,056(approximately RMB5.9million), to increase the paid in capital and additional paid-in capital of Xinjiang YSX, to support its business operations. There wasnoadditional capital contribution from shareholders during fiscal year 2024 and during fiscal year 2025.
Statutory reserves
The Company’s PRC subsidiary and VIEs are required to make appropriations to certain reserve funds, comprising the statutory surplus reserve and the discretionary surplus reserve, based on after-tax net income determined in accordance with generally accepted accounting principles of the PRC (“ PRC GAAP”). Appropriations to the statutory surplus reserve are required to be at least 10% of the after-tax net income determined in accordance with PRC GAAP until the reserve is equal to 50% of the entity’s registered capital. Appropriations to the discretionary surplus reserve are made at the discretion of the Board of Directors. The statutory reserve as determined pursuant to PRC statutory laws totaled approximately $908,214and $741,584as of March 31,2025 and 2024, respectively.
Restricted assets
The Company’s ability to pay dividends is primarily dependent on the Company receiving distributions of funds from its PRC subsidiary and VIEs. Relevant PRC statutory laws and regulations permit payments of dividends by WFOE, the VIEs and subsidiaries of the VIEs (collectively, “ YSX PRC entities”) only out of their retained earnings, if any, as determined in accordance with PRC accounting standards and regulations. The results of operations reflected in the accompanying consolidated financial statements prepared in accordance with