Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 233

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 233
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                       144,535      $            224,835  
  Operating lease liabilities, current                               $                        93,719      $             83,477  
  Operating lease liabilities, non-current                                                    66,926                   160,706  
  Total operating lease liabilities                                  $                       160,645      $            244,183  

F-21

Table of Contents

The weighted average remaining lease terms and discount rates for the operating lease as of March 31, 2025 and 2024 are as follows:

                                                     March 31,      March 31,  
                                                          2025           2024  
 ───────────────────────────────────────────────────────────────────────────────
  Remaining lease term and discount rate:                                      
  Weighted average remaining lease term (years)           2.37           2.58  
  Weighted average discount rate                          4.31           4.72  

For the years ended March 31, 2025, 2024 and 2023, the Company reported total operating lease expenses of $89,735, $76,590and $75,818, respectively.

The following table summarizes the maturity of operating lease liabilities and future minimum payments of operating leases as of March 31, 2025:

  Year ending March 31,                  Amounts                
 ────────────────────────────────────────────────────────────────
  2026                                   $              98,473  
  2027                                                  40,984  
  2028                                                   9,147  
  2029                                                   9,355  
  2030                                                   9,355  
  2031                                                   1,558  
  Total                                                168,872  
  Less: imputed interest                              ( 8,227)  
  Total operating lease liabilities      $             160,645  

NOTE 6 - DEBT

The Company borrowed from PRC banks, other financial institutions and related parties as working capital funds. As of March 31, 2025 and 2024, the Company’s debt consisted of the following:

(a) Short-term loans:

                                                 As of March 31,                                          
                                                 2025                                2024                 
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────
  China Construction Bank (“ CCB”)      (1)      $                    1,650,888      $         1,451,282  
  Xin Wang Bank (“ X