Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 138

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 5
Chunk 138
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 payment in full from Hengding by June 16, 2023. We do not believe the termination of the investment in Hengding represents a strategic shift of our business and, accordingly, the termination is not accounted as discontinued operations in accordance with ASC 205-20.

Financing Activities

Net cash provided by financing activities amounted to $7,249,130 for the year ended March 31, 2025, primarily consisting of i) proceeds of $4,989,677 from short-term bank loans borrowed by the YSX Operating Companies from PRC banks and repayment of of $2,399,922 of such short-term bank loans upon loan maturities, ii) proceeds of $1,385,636 from long-term bank loans borrowed by the YSX Operating Companies from the PRC banks and repayment of $138,564 of such long-term bank loans upon loan maturities, iii) repayment of a related party long-term loan of $1,385,636 by the YSX Operating Companies, iv) repayment of other borrowings from related parties of $275,627 and v) net proceeds of $5,073,566 received from issuance of Class A Ordinary Shares in the IPO in December 2025.

Table of Contents

Net cash provided by financing activities amounted to $1,990,753 for the year ended March 31, 2024, primarily consisting of i) proceeds of $8,343,003 from short-term bank loans borrowed by the YSX Operating Companies from PRC banks and repayment of of $7,110,005 of such short-term bank loans upon loan maturities, ii) proceeds of $698,978 from long-term bank loans borrowed by the YSX Operating Companies from the PRC banks and repayment of of $657,039 of such long-term bank loans, iii) proceeds of $1,397,956 from a long-term loan borrowed by the YSX Operating Companies from a related party and repayment of $838,774 of such related party long-term loan, iv) proceeds of $275,736 from borrowing from related parties and v) payment for IPO costs of $119,102.

Net cash provided by financing activities amounted to $482,468 for the year ended March 31, 2023, primarily consisting of i) proceeds of $14,597 from short-term bank loans borrowed by the YSX Operating Companies from PRC banks and repayment of $160,568 of such short-term bank loans upon loan maturities, ii)