YSX TECH. CO. LTD Announces Results of October 2026 Extraordinary General Meeting of Shareholders

The additional authorized shares are unissued; shareholders also approved a shorter notice period for general meetings.

Rhea-AI Summary

YSX TECH. (NASDAQ: YSXT) shareholders approved an immediate increase in authorized share capital at the October 19, 2026 extraordinary general meeting. Authorized capital increased from US$50,000 to US$220,000,000. Authorized Class A ordinary shares rose from 470,000,000 to 2,000,000,000,000, and authorized Class B ordinary shares rose from 30,000,000 to 200,000,000,000. The additional authorized shares are unissued.

Shareholders also approved shortening notice for all general meetings to five clear days, from fourteen for annual meetings and seven for other general meetings. All proposals passed, including adoption of amended and restated governing documents, subject to and immediately following the capital increase, reflecting the capital authorization, shorter notice period and housekeeping changes.

Positive

• None.

Negative

• Minor pointMeeting notice shortened to five clear days, from fourteen for annual meetings and seven for other general meetings.

Key Figures

Authorized share capital: US$50,000 to US$220,000,000 Authorized Class A shares: 470,000,000 to 2,000,000,000,000 shares Authorized Class B shares: 30,000,000 to 200,000,000,000 shares +1 more

Authorized share capital

US$50,000 to US$220,000,000

Approved increase in authorized capital

Authorized Class A shares

470,000,000 to 2,000,000,000,000 shares

Authorized but unissued shares added by the approved capital increase

Authorized Class B shares

30,000,000 to 200,000,000,000 shares

Authorized but unissued shares added by the approved capital increase

General meeting notice period

5 clear days

Approved period for all general meetings, replacing prior periods of 14 or 7 clear days

Historical Context

1 past event · Latest: Oct 05

1 event

1. Oct 05

   EGM proposal

   24h Move

   -0.8%

   Shareholders were scheduled to vote on the same capital increase and notice-period changes now approved.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

authorized share capital, par value, variable interest entities

3 terms

authorized share capital financial

"the Company’s authorized share capital be increased"

The maximum number of shares a company is legally allowed to issue according to its governing documents. Think of it as the size of the blank checkbook a company keeps for selling ownership stakes: it sets an upper limit but does not mean all shares are in circulation. Investors care because a larger authorized amount makes it easier for the company to raise money or grant stock-based pay, which can dilute existing holdings and affect control and value per share.

par value financial

"Class A ordinary shares of US$0.0001 par value each"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

variable interest entities technical

"through its variable interest entities in China"

A variable interest entity (VIE) is a business that a company controls through contracts or special arrangements instead of owning a majority of its shares, like steering a puppet without holding its ticket. Investors care because these arrangements can hide who really bears the financial risks and rewards, affect how assets and liabilities appear on financial statements, and create extra legal or enforcement uncertainty that can change the value and risk of an investment.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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GUANGZHOU, China, Oct. 20, 2026 (GLOBE NEWSWIRE) -- YSX TECH. CO., LTD (NASDAQ: “YSXT”) (the “Company”), a Cayman Islands exempted company that, through its variable interest entities in China, provides comprehensive business solutions mainly for insurance companies and brokerages in China, today announced the results of its extraordinary general meeting of shareholders (the "EGM") held on October 19, 2026 at 12:00 a.m. Eastern Time, at Room 102, Building 1, No. 22, Huazhou Road, Haizhu District, Guangzhou, Guangdong, China. All proposals submitted for shareholder approval at the EGM have been approved and the shareholders have duly adopted the following resolutions:

1. An ordinary resolution that the Company’s authorized share capital be increased, effective immediately, from US$50,000 divided into (i) 470,000,000 Class A ordinary shares of US$0.0001 par value each and (ii) 30,000,000 Class B ordinary shares of US$0.0001 par value each, to US$220,000,000 divided into (i) 2,000,000,000,000 Class A ordinary shares of US$0.0001 par value each and (ii) 200,000,000,000 Class B ordinary shares of US$0.0001 par value each, by the creation and addition of 1,999,530,000,000 authorised but unissued Class A ordinary shares of US$0.0001 par value each and 199,970,000,000 authorized but unissued Class B ordinary shares of US$0.0001 par value each (the “Authorized Share Capital Increase”).
2. A special resolution that the notice period to members for convening general meetings from fourteen (14) clear days in the case of an annual general meeting and seven (7) clear days in the case of any general meeting other than an annual general meeting, to five (5) clear days for all general meetings (the “Reduction of Notice Period”).
3. A special resolution that, subject to and immediately following the Authorized Share Capital Increase being effected, the Company adopt an amended and restated memorandum and articles of association, the form of which is attached to the notice of the Meeting as the Appendix, filed with the U.S. Securities and Exchange Commission on the Form of Private Issuer Current Report on Form 6-K on October 2, 2026, in substitution for, and to the exclusion of, the Company's existing memorandum and articles of association, to reflect, among other things, the Authorized Share Capital Increase, the Reduction of Notice Period and certain housekeeping changes.
   
   

About YSX TECH. CO., LTD

YSX TECH. CO., LTD is a Cayman Islands exempted company that, through its variable interest entities in China, provides comprehensive business solutions mainly for insurance companies and brokerages in China. The Company possesses in-depth knowledge of the Chinese insurance industry accumulated from years of servicing customers, and specializes in auto insurance aftermarket value-added services, software development and information technology services, as well as other scenario-based customized services, such as products and customer development services. For more information please visit: https://ir.ysxtechcay.com and https://www.ysxnet.com.

Forward-Looking Statements

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other factors discussed in the Company’s filings with the United States Securities and Exchange Commission, which are available for review at www.sec.gov. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:
YSX Tech. Co., Ltd
marketing@ysxnet.com
+86 (20) 2984 2002

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What authorized share capital increase did YSXT shareholders approve?

Shareholders approved an immediate increase in authorized share capital from US$50,000 to US$220,000,000. Authorized Class A ordinary shares increased from 470,000,000 to 2,000,000,000,000, while authorized Class B ordinary shares increased from 30,000,000 to 200,000,000,000. The additional authorized shares are unissued.

How did YSXT shareholders change the general meeting notice period?

Shareholders approved a notice period of five clear days for all general meetings. Previously, annual general meetings required fourteen clear days of notice, while other general meetings required seven clear days.