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

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 31
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 to establish business relationship with, or that the YSX Operating Companies would be able to succeed in the bidding or procurement processes or maintain comparable success rates in the future. Furthermore, the cooperation with enterprise customers is subject to their annual budget constraints, which could indirectly affect the growth of the automobile after-sales services business. For the scenario-based customized services and software development and information technology services, the YSX Operating Companies enter into service contracts with clients on a per-project-basis, which have service terms from one to two years. The YSX Operating Companies’ ability to maintain and enhance client relationship depends primarily on the quality of the services they provide. Although the YSX Operating Companies strive to provide satisfactory services to clients, there is no guarantee that the YSX Operating Companies will always be able to do that. If the YSX Operating Companies fail to maintain and further enhance client relationships and promote awareness of their product offerings and services, the YSX Operating Companies may not be able to maintain or expand their client base, and our results of operations may be materially and adversely affected.

The YSX Operating Companies rely on third-party collaborating vendors to operate their business. Failure to establish and maintain cordial relationships with them may adversely affect our results of operations and business prospects.

For the automobile after-sales services business, the YSX Operating Companies rely on third-party collaborating vendors to deliver a variety of automobile-related services to the insurance policy holders. For the scenario-based customized services and software development and information technology services, the YSX Operating Companies may outsource certain tasks of certain projects to third-party vendors, based on available resources and service requirements, from time to time. Accordingly, the relationships with the third-party collaborating vendors and their quality of service are crucial for the YSX Operating Companies to continue their business growth and promote their brand and reputation among their customers. If the YSX Operating Companies’ relationships with them deteriorate, our business, financial condition and results of operations may be materially and adversely affected. Similarly, failure of the third-party collaborating vendors to deliver services of satisfactory quality may jeopardize YSX Operating Companies’ business relationships with the enterprise customers, or cause the enterprise customers to stop using YSX Operating Companies’ services, which could adversely affect our revenue and finical results.

In any event, there is no assurance that the YSX Operating Companies will be able to continuously maintain positive relationships with their business partners, or continue to work with them on favorable terms, or at all. If any of the foregoing occurs, our business growth, results of operations and financial condition will be adversely