Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 77

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 4
Chunk 77
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  The YSX Operating Company verifies the settlement statement on Driver’s Suite and pays the vendor the remaining service fee;  

  The YSX Operating Company submits the settlement statements and service fee collection application to the insurance company or brokerage customer; and  

  The insurance company/brokerage customer pays the service fees to the YSX Operating Company in accordance with the payment terms of the framework service agreement, usually in 7 to 45 days afte...  

Software Development and Information Technology Services

Xinjiang YSX started as a technology company and the YSX Operating Companies have always positioned themselves as service providers with strong technical capabilities. As such, the current and past customers of the YSX Operating Companies, as well as other professional acquaintances, often contact the YSX Operating Companies when they have needs for software development and information technology services, such as application development, system upgrade and maintenance. When the YSX Operating Companies receive such inquires, the management and in-house technical team evaluate the technical requirements and assess available resources (both in-house and externally), before making decisions on whether to accept the project and whether certain tasks of the project may be outsourced. If it is determined that certain tasks of the project are to be outsourced to other vendors, then the in-house technical team works closely with the selected vendors to ensure that each outsourced project task is completed as required.

For the fiscal years ended March 31, 2025, 2024 and 2023, the YSX Operating Companies provided software development and information technology services to 3, 7 and 9 customers, and generated $616,428, $1,220,811 and $3,257,244, or 0.9%, 2.1%, and 6.6%, of its total revenue, respectively, by providing software development and information technology services.

Other Scenario-based Customized Services

For other scenario-based customized services, the YSX Operating Companies utilize the sales and marketing team to provide services for insurance companies, brokerages and other enterprise customers, such as customer development, product or service introduction, sales strategy and skills education, and to help customers to plan and organize seasonal on-the-ground sales and promotional campaigns at dealerships where insurance products and services are sold to targeted consumers or customer designated locations. The YSX Operating Companies provide other scenario-based customized services on a case-by-case basis, and based on the service requirements, the YSX Operating Companies may selectively outsource