YSX TECH. CO. LTD to Hold Extraordinary General Meeting of Shareholders

The proposals would expand authorized but unissued shares and shorten the notice shareholders receive before general meetings.

Rhea-AI Summary

YSX TECH (NASDAQ: YSXT) will hold an extraordinary general meeting on October 19, 2026, to vote on capital and governance proposals.

Shareholders will consider increasing authorized share capital from US$50,000 to US$220,000,000, with authorized Class A shares rising from 470,000,000 to 2,000,000,000,000 and Class B shares from 30,000,000 to 200,000,000,000. The additional shares would be authorized but unissued.

Another proposal would shorten meeting notice to five clear days, from fourteen for annual meetings and seven for other meetings. Amended governing documents would reflect these changes and take effect subject to, and immediately after, the capital increase.

Positive

• None.

Negative

• Minor point. Forward-looking: it has not happened yet and may not happen.Proposed five-clear-day meeting notice reduces notice from fourteen days for annual meetings and seven for other meetings.

Key Figures

Authorized share capital: US$50,000 → US$220,000,000 Authorized Class A shares: 470,000,000 → 2,000,000,000,000 shares Authorized Class B shares: 30,000,000 → 200,000,000,000 shares +3 more

Authorized share capital

US$50,000 → US$220,000,000

Proposed increase, subject to shareholder approval

Authorized Class A shares

470,000,000 → 2,000,000,000,000 shares

Proposed authorized share capital increase

Authorized Class B shares

30,000,000 → 200,000,000,000 shares

Proposed authorized share capital increase

Notice period

14 days for annual meetings and 7 days for other meetings → 5 days for all meetings

Proposed change to meeting notice requirements

EGM date

October 19, 2026

Meeting to consider and vote on the proposals

Record date

September 30, 2026

Determines shareholders entitled to notice and to vote at the EGM

Key Terms

authorized share capital, ordinary resolution, special resolution, par value

4 terms

authorized share capital financial

"that 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.

ordinary resolution regulatory

"as an ordinary resolution"

An ordinary resolution is a decision made by shareholders at a company meeting that is approved when more than half of the votes cast are in favor. Think of it like a household vote where a majority decides routine matters — it covers everyday corporate actions such as approving directors, routine policy changes, or distributions, and matters to investors because these majority-approved choices shape governance, management authority, and the company’s near-term direction.

special resolution regulatory

"as a special resolution"

A special resolution is a formal shareholder vote that requires a higher-than-normal majority—typically around three-quarters—to approve major corporate changes, such as altering the company’s governing rules, selling the business, or winding it up. It matters to investors because it signals decisive, potentially value-altering actions that cannot be passed by a simple majority; think of it as needing extra votes to change the rules of a club, so minority interests are harder to override.

par value financial

"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.

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

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GUANGZHOU, China, Oct. 05, 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 that it will hold an extraordinary general meeting of shareholders (the "EGM"), 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 , for the purpose of considering and voting on the following proposals:

1. To approve, as 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. To approve, as 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. To approve, as 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 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.
   
   

The Board of Directors has fixed the close of business on September 30, 2026 as the record date (the “Record Date”) for determining the shareholders entitled to receive notice of and to vote at the EGM or any adjournment thereof. Only the shareholders on the Record Date are entitled to receive notice of and to vote at the EGM or any adjournment thereof.

Shareholders may obtain a copy of the proxy materials from the Company’s website at https://ir.ysxtechcay.com/. The notice of the EGM, the proxy statement, and the proxy card were sent or made available to shareholders on October 2, 2026.

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 will YSXT shareholders vote on?

YSXT shareholders will vote on increasing authorized share capital from US$50,000 to US$220,000,000. Authorized Class A shares would increase from 470,000,000 to 2,000,000,000,000, and Class B shares from 30,000,000 to 200,000,000,000. The proposal creates authorized but unissued shares, rather than issuing those shares.

Who can vote at YSX TECH's October 19, 2026 extraordinary general meeting?

Only shareholders at the close of business on September 30, 2026 are entitled to receive notice and vote at the meeting or any adjournment. Proxy materials are available at https://ir.ysxtechcay.com/. The meeting is scheduled for 12:00 a.m. Eastern Time at Room 102, Building 1, No. 22, Huazhou Road, Haizhu District, Guangzhou, Guangdong, China.