Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 163

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 7
Chunk 163
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                                                                                                                   date of this                       March 31,                    
  Name                                                        Nature of service contract                           annual report                      2025                         
  Guangzhou Dayong Insurance Agency Co. Ltd. (“ Dayong”)      Auto insurance aftermarket value-added services      $                   5,031,042      $                19,894,638  
  Total                                                                                                            $                   5,031,042      $                19,894,638  

Table of Contents

Accounts receivable from related parties consists of the following:

                                                              From April 1,                                                          
                                                              date of this                       As of March 31,                     
  Name                                                        annual report                      2025                                
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                              2025 up to the                     Accounts receivable                 
  Guangzhou Dayong Insurance Agency Co. Ltd. (“ Dayong”)      $                   9,930,628      $                        5,381,535  
  Total                                                       $                   9,930,628      $                        5,381,535  

c. Due from a related part y

Due from a related party consists of the following:

                                      From April 1, 2025                                                  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────
                                      up to the                                                           
                                      date of this                           As of March 31               
  Name                                annual report                          2025                         
  Mr. Jie Xiao                        $                       3,395,169      $                   198,611  
  Total due from related parties      $                       3,395,169      $                   198,611  

The YSX Operating Companies have, in the past, advanced cash to related parties for business purposes and recorded advances as due from related parties in the consolidated financial statements. Such advances were non-interest bearing and due upon demand.

d. Due to related parties

Due to related parties consist of the following:

                                    From April 1, 2025                                   
 ─────────────────────────────────────────────────────────────────────────────────────────
                                    up to the                                            
                                    date of this            As of March 31               
  Name                              annual report           2025                         
  Mr. Jie Xiao                      $                       $                   137,805  
  Mr. Bin Wang                                                                    3,430  
  Total due to related parties      $                       $                   141,235  

The balance of due to related parties was comprised of an advance from the Company’s related