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

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.