Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 250

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 250
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 laws and regulations, as applicable, and are legally binding and enforceable. However, uncertainties in the PRC legal system could limit the Company’s ability to enforce these Contractual Arrangements.
In addition, if the current structure or any of the Contractual Arrangements were found to be in violation of any existing or future PRC law, the Company may be subject to penalties, which may include, but not limited to, cancellation or revocation of the Company’s business and operating licenses and being required to restructure the Company’s operations or terminate the Company’s operating activities. The imposition of any of these or other penalties may result in a material and adverse effect on the Company’s ability to conduct its operations. In such case, the Company may not be able to operate or control the VIEs, which may result in deconsolidation of the VIEs.

F-31

Table of Contents

NOTE 10 - SHAREHOLDERS’ EQUITY
Ordinary shares
YSX Cayman was incorporated as an exempted company with limited liability under the laws of the Cayman Islands on November 9, 2022. The share capital of YSX Cayman is $50,000divided into (i)470,000,000Class A ordinary shares and (ii)30,000,000Class B ordinary shares, with par value of $0.0001per share. The original total number of shares of ordinary shares issued and outstanding were22,000,000, which consists of20,822,675shares of Class A ordinary shares and1,177,325shares of Class B ordinary shares as of March 31, 2024 and 2023. Holders of Class A ordinary shares and Class B ordinary shares have the same rights except for voting and conversion rights. In respect of matters requiring the votes of stockholders, each share of Class A ordinary shares is entitled toonevote, and each share of Class B ordinary shares is entitled tofivevotes. Class B ordinary share is convertible into Class A ordinary share at any time after issuance at the option of the holder on aone-to-one basis. The shares of Class A ordinary shares are not convertible into shares of any other class. The numbers of authorized and outstanding ordinary shares were retroactively applied as if the transaction occurred at the beginning of the period presented (see Note 1).
On December 19, 2024, the Company closed its initial public offering (“ IPO”) of1,250,000Class A ordinary shares