Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 74

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 4
Chunk 74
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 a series of initiatives to attract and retain talented professionals, including formulating a market-oriented employee compensation scheme and implementing a standardized multi-level performance review mechanism.

Continue to Invest in In-house Technical Capabilities

The YSX Operating Companies are committed to continually investing in in-house technical capabilities, which have contributed to the historical development and growth. The management is committed to making the necessary investment, both capital and human, in the in-house technical team, in order to maintain and accelerate the YSX Operating Companies’ technical capabilities.

Services

The YSX Operating Companies provide the following services: auto insurance aftermarket value-added services, software development and information technology services, and other scenario-based customized services.

Auto insurance aftermarket value-added services

To enhance competitiveness and customer satisfaction, insurance companies and brokerages often offer aftermarket value-added services to insurance product purchasers. In China, auto insurance comes with an array of aftermarket value-added services, such as safety inspection, roadside assistance, maintenance, annual inspection, chauffeur service, and other customer care services, all of which aim at building customer loyalty and maintaining long-term customer relations. Such aftermarket value-added services are not the core business of insurance companies and brokerages, who routinely outsource these services to outside service providers, such as the YSX Operating Companies. The YSX Operating Companies offer various aftermarket value-added services to insurance companies and brokerages, who purchase these services for their insurance customers, or insurance policy holders. The YSX Operating Companies do not perform the value-added services, rather they collaborate with third-party vendors, who are typically automobile service platforms, dealerships, brick and mortar service and maintenance shops, to perform the value-added services for the insurance policy holders.

As of the date of this annual report, the YSX Operating Companies offer the following four types of value added services:

  vehicle safety inspection and check services, such as gearbox inspection, transmission inspection, steering system inspection, multi-point inspection, vehicle electronic system inspection, and ...  

  vehicle driving risk screening services, which analyze risks based on past violations, insurance information, claims information, and vehicle inspection information, among others;  

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  designated driver and rescue services, such as arranging designated drivers to drive alcohol drinkers home safely, car jump-start and towing services; and  

  vehicle maintenance and other value-added services, such as car wash, windshield and windscreen wiper maintenance, four-wheel positioning, tire repair and rotation, vehicle body paint, air cond...  

For the fiscal years ended March 31, 2025, 2024 and