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Altiverse discloses 6.97% YSX Tech (YSXT) stake via US$1M share subscription

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

Rhea-AI Filing Summary

Pan Zexin and Altiverse Capital Limited report a new significant stake in YSX TECH. CO., LTD. They are deemed to beneficially own 2,000,000 Class A ordinary shares issuable upon conversion of 2,000,000 Class B ordinary shares, representing about 6.97% of the issuer’s outstanding Class A shares.

On May 8, 2026, Altiverse Capital Limited subscribed for the 2,000,000 Class B ordinary shares at a price of US$0.5 per share, for total consideration of US$1,000,000 funded from Pan Zexin’s personal funds. The position is currently described as an investment, with no specific plans for corporate changes at the issuer.

Positive

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Negative

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Insights

Filing shows a new 6.97% investment stake, with no stated control plans.

The filing discloses that Pan Zexin, through Altiverse Capital Limited, beneficially owns 2,000,000 Class A ordinary shares of YSX TECH. CO., LTD via convertible Class B ordinary shares, representing 6.97% of the Class A shares.

The stake was acquired on May 8, 2026 for an aggregate US$1,000,000 at US$0.5 per Class B share, using personal funds. The purpose is described as investment, and the filing lists no concrete plans for mergers, asset sales, board changes, or other control-related actions.

The filing notes that the investors may reevaluate and adjust their holdings over time. Any future changes in ownership or strategy would likely appear in subsequent beneficial ownership disclosures if they become material.

Subscribed Class B shares 2,000,000 Class B ordinary shares Subscription by Altiverse Capital Limited on May 8, 2026
Subscription price per share US$0.5 per share Price for each Class B ordinary share
Aggregate consideration US$1,000,000 Total paid for 2,000,000 Class B ordinary shares
Beneficially owned Class A shares 2,000,000 Class A ordinary shares Issuable upon conversion of 2,000,000 Class B ordinary shares
Beneficial ownership percentage 6.97% Share of YSX Tech’s Class A ordinary shares
Class A shares outstanding 26,705,175 Class A ordinary shares Issuer’s Class A shares outstanding as of filing date
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.
Schedule 13D regulatory
"If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this"
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.
Class B ordinary shares financial
"Altiverse Capital Limited submitted a duly executed application to the Issuer for the subscription of 2,000,000 Class B ordinary shares"
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.
dispositive power financial
"Shared Dispositive Power 2,000,000.00"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
Joint Filing Agreement regulatory
"Each of the Reporting Persons is a party to that certain Joint Filing Agreement attached hereto as Exhibit 99.1."





G9877T100

(CUSIP Number)
Pan Zexin
Unit 2, Building 12, No.2123 Jiuzhou Avenue Middle
Zhuhai, Guangdong, F4, 519000
86-17511236898

(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 Altiverse Capital Limited, a British Virgin Islands company which is 100% owned by Pan Zexin. 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 Pan Zexin through Altiverse Capital 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 Altiverse Capital Limited, each a British Virgin Islands company which is 100% owned by Pan Zexin. Each Class B ordinary share is convertible into one Class A ordinary share. 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 2,000,000Class A ordinary shares issuable upon the conversion of 2,000,000 Class B ordinary shares beneficially owned by Pan Zexin.


SCHEDULE 13D


Altiverse Capital Limited
Signature:/s/ Pan Zexin
Name/Title:Pan Zexin / President
Date:05/27/2026
Pan Zexin
Signature:/s/ Pan Zexin
Name/Title:Pan Zexin
Date:05/27/2026

FAQ

What ownership stake in YSXT does Pan Zexin report on this Schedule 13D?

Pan Zexin, through Altiverse Capital Limited, reports beneficial ownership of 2,000,000 Class A ordinary shares issuable from Class B shares, representing about 6.97% of YSX TECH. CO., LTD’s outstanding Class A shares based on 26,705,175 Class A shares outstanding plus the convertible shares.

How many YSX TECH (YSXT) shares did Altiverse Capital Limited subscribe for?

Altiverse Capital Limited submitted an application to subscribe for 2,000,000 Class B ordinary shares. Each Class B ordinary share is convertible into one Class A ordinary share, so this position corresponds to 2,000,000 Class A ordinary shares for beneficial ownership reporting purposes.

What price did Altiverse Capital pay for its YSXT Class B ordinary shares?

Altiverse Capital Limited subscribed for the 2,000,000 Class B ordinary shares at a subscription price of US$0.5 per share. This results in an aggregate consideration of US$1,000,000, which the filing states came from the personal funds of Pan Zexin.

What is the stated purpose of Pan Zexin’s investment in YSX TECH (YSXT)?

The filing states that the purpose of acquiring the Class B ordinary shares is investment. The reporting persons say they may from time to time evaluate their investment, potentially increasing or decreasing holdings, but list no specific plans for mergers, asset sales, or governance changes.

How is the 6.97% beneficial ownership of YSXT calculated in the filing?

The 6.97% figure is calculated by dividing 2,000,000 Class A ordinary shares deemed beneficially owned by the sum of 26,705,175 Class A ordinary shares outstanding and the 2,000,000 Class A shares issuable upon conversion of the reported Class B ordinary shares within 60 days of the filing date.

Who controls Altiverse Capital Limited in the YSX TECH (YSXT) Schedule 13D?

The document explains that Altiverse Capital Limited is a British Virgin Islands company 100% owned by Pan Zexin, who is described as its President and general manager. This ownership structure leads to Pan Zexin being deemed the beneficial owner of the shares held through Altiverse.