Schedule 13G: L1 Capital Discloses 9.99% Holding in YAAS

Rhea-AI Filing Summary

L1 Capital Global Opportunities Master Fund, Ltd. reported beneficial ownership of 4,638,200 securities of Youxin Technology Ltd, representing 9.99% of the Class A ordinary shares on a post-offering basis. The reported position includes 4,285,700 Class A ordinary shares and 352,500 Series A warrants exercisable into shares, and excludes additional warrants noted in the filing that are also subject to a 9.99% ownership limitation. The filing states the percentage is calculated using 46,033,264 ordinary shares outstanding as disclosed in the issuer's prospectus and Form 6-K. The reporting person is organized in the Cayman Islands and certifies the holdings were not acquired to change control of the issuer.

Positive

• Clear disclosure of aggregate beneficial ownership including shares and warrants
• Position remains below 10% (9.99%), consistent with passive investor reporting under Schedule 13G
• Percentage basis is explicitly tied to the issuer's stated post-offering share count of 46,033,264

Negative

• Stake is material at 9.99%, close to the 10% threshold which could constrain further acquisitions without changing filing obligations
• Exclusions noted (additional warrants not included) complicate the full economic exposure picture

Insights

Financial Analyst

TL;DR: A sizable passive stake of 9.99% disclosed, below the 10% reporting threshold and declared non-control intent.

The fund reports an aggregate position of 4,638,200 instruments in Youxin Technology Ltd, comprising common shares and Series A warrants that the filer treats as subject to a 9.99% beneficial ownership limitation. Using the issuer's stated post-offering share count of 46,033,264, the position equals 9.99% of the class, which is material for investor monitoring but consistent with a passive 13G filing. The disclosure clarifies excluded warrants and identifies directors of the filer, which is relevant for assessing potential coordination or shared power. Overall, this is a significant passive stake disclosed in compliance with beneficial ownership rules.

Corporate Governance Expert

TL;DR: The filing signals a near-threshold passive stake and an explicit certification that it is not intended to influence control.

The Schedule 13G indicates the filer organized in the Cayman Islands holds 9.99% of Youxin Technology Ltd's Class A shares on a post-offering basis and includes warrants treated within that limit. The signature and certification specify no intent to effect control, fitting the 13G passive investor profile. The mention of directors of the reporting fund identifies persons who may be deemed to have interests, though disclaimers limit claimed ownership. For governance, this disclosure merits attention because any change in intent or additional acquisitions could trigger a different filing regime and governance implications.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Youxin Technology Ltd

(Name of Issuer)

Class A Ordinary Shares, par value $0.0001 per share

(Title of Class of Securities)

G9876W104

(CUSIP Number)

09/08/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G9876W104

1

Names of Reporting Persons

L1 Capital Global Opportunities Master Fund, Ltd.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 4,638,200.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 4,638,200.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,638,200.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.99 %

12

Type of Reporting Person (See Instructions)

FI

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Youxin Technology Ltd
(b)	Address of issuer's principal executive offices: Room 1005, 1006, 1007, No. 122 Huangpu Avenue West, Tianhe District, Guangzhou, Guangdong Province, People's Republic of China
Item 2.
(a)	Name of person filing: L1 Capital Global Opportunities Master Fund, Ltd.
(b)	Address or principal business office or, if none, residence: 161A Shedden Road, 1 Artillery Court, PO Box 10085 Grand Cayman, Cayman Islands KY1-1001
(c)	Citizenship: Cayman Islands
(d)	Title of class of securities: Class A Ordinary Shares, par value $0.0001 per share
(e)	CUSIP No.: G9876W104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 4,638,200 The amounts in Row (5), (7) and (9) include 4,285,700 Class A Ordinary Shares and 352,500 Series A Warrants to purchase shares of common stock, which are subject to a 9.99% beneficial ownership limitation. The amounts do not include 3,933,200 Series A Warrants to purchase shares of common stock nor 4,285,700 Series B Warrants to purchase shares of common stock, each of which are subject to a 9.99% beneficial ownership limitation. The percentage set forth on Row (11) of the cover page for the reporting person is based on 46,033,264 Ordinary Shares outstanding after the offering, based on the Issuer's Prospectus filed under Rule 424(b)(4) with the Securities and Exchange Commission on September 8, 2025 and Report of Foreign Private Issuer on Form 6-K filed with the Securities and Exchange Commission on September 9, 2025. David Feldman and Joel Arber are the Directors of L1 Capital Global Opportunities Master Fund, Ltd. As such, L1 Capital Global Opportunities Master Fund, Ltd., Mr. Feldman, and Mr. Arber may be deemed to beneficially own (as that term is defined in Rule 13d-3 under the Securities Exchange Act of 1934) the issuer's securities described herein. To the extent Mr. Feldman and Mr. Arber are deemed to beneficially own such securities, Mr. Feldman and Mr. Arber disclaim beneficial ownership of these securities except to the extent of its pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 13 and the rules thereunder.
(b)	Percent of class: 9.99%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 4,638,200
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 4,638,200
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

L1 Capital Global Opportunities Master Fund, Ltd.

Signature:	/s/ David Feldman
Name/Title:	David Feldman, Director
Date:	09/11/2025

FAQ

What stake did L1 Capital Global Opportunities Master Fund, Ltd. report in Youxin Technology Ltd (YAAS)?

The filer reported beneficial ownership of 4,638,200 instruments, equal to 9.99% of the Class A ordinary shares on a post-offering basis.

How is the 9.99% ownership calculated for YAAS?

The percentage is based on 46,033,264 ordinary shares outstanding as reported in the issuer's prospectus and Form 6-K.

Does the reported position include warrants for YAAS?

Yes. The amount includes 352,500 Series A warrants and 4,285,700 Class A ordinary shares; other warrants were specifically excluded from the reported aggregate.

Did the filer state an intent to influence control of Youxin Technology Ltd?

No. The certification states the securities were not acquired and are not held to change or influence control of the issuer.

Where is L1 Capital Global Opportunities Master Fund, Ltd. organized?

The reporting person is organized in the Cayman Islands with principal business address in Grand Cayman.