Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 162

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 7
Chunk 162
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Item 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS

A. Major Shareholders

See “ Item 6. Directors, Senior Management and Employees - E. Share Ownership.”

B. Related Party Transactions

Employment Agreements

See “ Item 6. Directors, Senior Management and Employees - C. Board Practices - Employment Agreements and Indemnification Agreements.”

Material Transactions with Related Parties

a. Nature of relationships with related parties

  Name                                                                                     Relationship with the Company                                                                                                                           
  Mr. Jie Xiao                                                                             Chairman of the Board of Directors, and CEO of the Company                                                                                              
  Ms. Meiqi Chen                                                                           One of the shareholders of Xinjiang YSX                                                                                                                 
  Mr. Bin Wang                                                                             Supervisor of Anjielun, Xinjiang YSX and Guangdong Hengding Technology Co., Ltd. (“ Hengding”)                                                          
  Ms. Ruomei Wu                                                                            Largest shareholder of Xihang                                                                                                                           
  Mr. Yizhuo Tan                                                                           Director of Xinjiang YSX and also one of the shareholders of Xinjiang YSX                                                                               
  Guangzhou Yinqi Refrigeration Decoration Engineering Co., Ltd. (“ Guangzhou Yinqi”)      Mr. Yizhuo Tan holds 40% ownership interest in this entity and also is the general manager, executive director and legal representative of this entity  
  Chongqing Yinzhi Business Service Co. Ltd. (“ Chongqing Yinzhi”)                         Mr. Yizhuo Tan is the legal representative, executive director and general manager of this entity                                                       
  Guangzhou Dayong Insurance Agency Co. Ltd. (“ Dayong”)                                   An entity affiliated with one of the shareholders of Xinjiang YSX, Ms. Qian Zeng                                                                        
  Mr. Geran Xiao                                                                           Chief Financial Officer (“ CFO) of the Company and one of the shareholders of Xinjiang YSX                                                              
  Guangzhou Tea Source Technology Co. Ltd. (“ Tea Source”)                                 An entity controlled by Mr. Geran Xiao                                                                                                                  
  Guangzhou Auto Service Technology Co., Ltd. (“ GZ Auto Service”)                         Ms. Meiqi Chen holds 40% ownership interest in this entity and also is the supervisor of this entity                                                    

b. Revenue and accounts receivable by related parties

Revenue from related parties consists of the following:

                                                                                                                                                      Revenue                      
                                                                                                                                                      For the                      
                                                                                                                   From April 1,                      fiscal year                  
                                                                                                                   2025 up to the                     ended