STOCK TITAN

Li Sen discloses 6.97% YSX Tech (YSXT) stake via Summitway

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D

Rhea-AI Filing Summary

YSX TECH. CO., LTD received a new Schedule 13D reporting that Li Sen and Summitway Holding Limited together beneficially own 2,000,000 Class B ordinary shares, convertible into 2,000,000 Class A ordinary shares. This position represents about 6.97% of the company’s outstanding Class A shares.

Summitway, a British Virgin Islands company 100% owned by Li Sen, subscribed on May 8, 2026 for 2,000,000 Class B shares at US$0.5 per share, for total consideration of US$1,000,000 funded from Li Sen’s personal funds. The filing states the investment purpose is for investment, and the reporting persons may increase, decrease, or otherwise adjust their holdings over time while currently having no specific plans for corporate control or major transactions.

Positive

  • None.

Negative

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Insights

Filing discloses a new 6.97% beneficial stake, with flexible future intentions.

The Schedule 13D shows Li Sen, through Summitway Holding Limited, holding 2,000,000 Class B ordinary shares, convertible into the same number of Class A shares. This equates to a 6.97% beneficial interest based on 26,705,175 Class A shares outstanding plus the convertible shares.

The acquisition was funded with US$1,000,000 of personal capital at US$0.5 per Class B share, indicating a deliberate, non‑leveraged position. The stated purpose is investment, while the filing lists no concrete current plans for control changes, asset sales, or governance shifts.

Future impact depends on how this 6.97% position is used, as the reporting persons reserve the right to adjust holdings or consider actions outlined in Item 4. Subsequent ownership updates in later periods, such as after May 21, 2026, may clarify whether this remains a passive investment or becomes more active.

Beneficially owned shares 2,000,000 shares Class B ordinary shares convertible into Class A, held via Summitway
Beneficial ownership percentage 6.97% Portion of YSX Tech Class A shares as of filing date
Shares outstanding 26,705,175 shares Class A ordinary shares outstanding as of filing date
Subscription price US$0.5 per share Price for each Class B ordinary share subscribed on May 8, 2026
Aggregate consideration US$1,000,000 Total paid to subscribe for 2,000,000 Class B ordinary shares
Schedule 13D regulatory
"If the filing person has previously filed a statement on Schedule 13G to report the acquisition..."
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
beneficial owner financial
"the Controlling Persons may be deemed, pursuant to Rule 13d-3 of the Act, to be the beneficial owners of all of the ordinary shares"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
Class B ordinary shares financial
"2,000,000 Class B ordinary shares at a subscription price of US$0.5 per share"
Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.
Joint Filing Agreement regulatory
"Each of the Reporting Persons is a party to that certain Joint Filing Agreement attached hereto as Exhibit 99.1."
shared voting power financial
"Li Sen has shared voting power and shared dispositive power over the 2,000,000 Class B ordinary shares"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.





G9877T100

(CUSIP Number)
Li Sen
No. 2, Building 4, Courtyard 69, Airport,
Zhengzhou, Henan, F4, 450000
86-13008801235

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
05/21/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
The amount in rows 8, 10 and 11 represents 2,000,000 Class A ordinary shares issuable upon the conversion of Class B ordinary shares held by Summitway Holding Limited, a British Virgin Islands company which is 100% owned by Li Sen. [AZ1][Author2] The beneficial ownership percentage set forth in row 13 is calculated based on 26,705,175 Class A ordinary shares of the Issuer issued and outstanding as of the date of this filing, plus 2,000,000 Class A ordinary shares issuable upon the conversion of 2,000,000 Class B ordinary shares beneficially owned by Li Sen through Summitway Holding Limited.


SCHEDULE 13D




Comment for Type of Reporting Person:
The amount in rows 7 and 9 represents 2,000,000 Class A ordinary shares issuable upon the conversion of 2,000,000 Class B ordinary shares held by Summitway Holding Limited a British Virgin Islands company which is 100% owned by Li Sen. The beneficial ownership percentage set forth in row 13 is calculated based on 2,000,000 Class A ordinary shares issuable upon the conversion of 2,000,000 Class B ordinary shares beneficially owned by Li Sen.


SCHEDULE 13D


Summitway Holding Limited
Signature:/s/ Li Sen
Name/Title:Li Sen / President
Date:05/27/2026
Li Sen
Signature:/s/ Li Sen
Name/Title:Li Sen
Date:05/27/2026

FAQ

What stake in YSXT does Li Sen report on this Schedule 13D?

The filing reports that Li Sen, through Summitway Holding Limited, beneficially owns 2,000,000 Class B ordinary shares, convertible into 2,000,000 Class A shares, representing approximately 6.97% of YSX TECH. CO., LTD’s Class A shares as of the filing date.

How many YSXT shares did Summitway Holding Limited acquire and at what price?

Summitway Holding Limited submitted an application to subscribe for 2,000,000 Class B ordinary shares at a subscription price of US$0.5 per share, for an aggregate consideration of US$1,000,000, all funded from Li Sen’s personal funds.

How is the 6.97% beneficial ownership in YSXT calculated?

The 6.97% figure is based on 26,705,175 Class A ordinary shares outstanding as of the filing date, plus 2,000,000 Class A shares issuable upon conversion of the Class B shares beneficially owned by Li Sen through Summitway Holding Limited.

What is the stated purpose of Li Sen’s investment in YSX TECH. CO., LTD (YSXT)?

The filing states that the purpose of acquiring the shares is for investment. The reporting persons may reevaluate their position over time and could increase or decrease holdings, but currently list no specific plans for control or major corporate changes.

What control or influence does Li Sen have over Summitway’s YSXT holdings?

Li Sen is the sole shareholder and control person of Summitway Holding Limited, giving him shared voting and dispositive power over the 2,000,000 Class B shares. This structure makes him a beneficial owner of the corresponding Class A shares under Rule 13d‑3.