CEO of YSX Tech (YSXT) reports large indirect holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
YSX Tech Co., Ltd director, chief executive officer and 10% owner Xiao Jie has filed an initial ownership report showing substantial indirect stakes in the company. The filing reports beneficial ownership of 11,850,077 Class A ordinary shares and 810,659 Class B ordinary shares.
These shares are held through Jeffre Xiao XJ Holding Limited, a British Virgin Islands company that is wholly owned by Xiao Jie. This Form 3 does not reflect new buying or selling activity; it establishes the executive’s existing indirect ownership position in both share classes.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Xiao Jie
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A ordinary shares, par value US$0.0001 per share | -- | -- | -- |
| holding | Class B ordinary shares, par value US$0.0001 per share | -- | -- | -- |
Holdings After Transaction:
Class A ordinary shares, par value US$0.0001 per share — 11,850,077 shares (Indirect, By Jeffre Xiao XJ Holding Limited);
Class B ordinary shares, par value US$0.0001 per share — 810,659 shares (Indirect, By Jeffre Xiao XJ Holding Limited)
Footnotes (1)
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Key Figures
Indirect Class A holdings: 11,850,077 shares
Indirect Class B holdings: 810,659 shares
Par value per share: US$0.0001 per share
3 metrics
Indirect Class A holdings
11,850,077 shares
Class A ordinary shares reported on initial Form 3
Indirect Class B holdings
810,659 shares
Class B ordinary shares reported on initial Form 3
Par value per share
US$0.0001 per share
Par value of Class A and Class B ordinary shares
Key Terms
Class A ordinary shares, Class B ordinary shares, par value, indirect ownership, +1 more
5 terms
par value financial
"par value US$0.0001 per share"
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.
indirect ownership financial
"ownership_type: indirect; nature_of_ownership: By Jeffre Xiao XJ Holding Limited"
British Virgin Islands financial
"a business company incorporated in the British Virgin Islands"
FAQ
What does Xiao Jie’s Form 3 filing for YSXT show about his ownership?
The Form 3 shows that Xiao Jie has indirect beneficial ownership of 11,850,077 Class A ordinary shares and 810,659 Class B ordinary shares of YSX Tech Co., Ltd, reported as his existing position rather than new purchases or sales.
Does the YSXT Form 3 indicate recent buying or selling by Xiao Jie?
No, the Form 3 is an initial ownership report listing existing indirect holdings of Class A and Class B ordinary shares. The transaction records are coded as holdings, with no share amounts recorded as recent purchases or sales in this filing.
Why is Xiao Jie considered a 10% owner of YSX Tech (YSXT)?
He is identified as a 10% owner because his indirect beneficial holdings, reported as 11,850,077 Class A shares and 810,659 Class B shares, meet the SEC threshold for significant ownership. This status requires him to report his equity position on Form 3.