Business
YSX TECH. CO., LTD Announces Two Partnerships to Accelerate Digital Transformation of Service Offerings in China’s Insurance Sector
GUANGZHOU, China, March 23, 2026 (GLOBE NEWSWIRE) -- YSX TECH. CO., LTD (NASDAQ: YSXT) (the "Company" or "YSX"), a Cayman Islands exempted company that,
About this update from Ysx Tech. Co., Ltd
[{"type":"text","content":"GUANGZHOU, China, March 23, 2026 (GLOBE NEWSWIRE) -- YSX TECH. CO., LTD (NASDAQ: YSXT) (the \"Company\" or \"YSX\"), 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 the Company and its subsidiary have entered into two separate cooperation agreements aimed at accelerating the digital transformation of its service offerings. YSX has entered a Technical Services Cooperation Agreement with Guangzhou Hengzhun Insurance Appraisal Co., Ltd. (\"Guangzhou HZIA\"), and separately, the Company's subsidiary, Xinjiang Yishengxin Network Technology Co. Ltd. (\"Xinjiang Yishengxin\"), has entered into a two-year Technical Cooperation Framework Agreement with Tanbao Network Technology (Guangzhou) Co. Ltd. (\"Tanbao Network\"), a firm that develops patented video-communication and financial-data processing technologies with artificial intelligence (\"AI\") technologies. Together, these partnerships are intended to broaden the commercial application of YSX's proprietary digital solutions and deepen the Company's presence across core insurance workflows. Partnership with Guangzhou HZIA: Facilitating Insurance Claims Adjusting As a software and information technology service provider, the Company specializes in automotive insurance after-sales services and digital infrastructure, with a service network covering vehicle safety, rescue, and maintenance. Under the agreement with Guangzhou HZIA, YSX intends to leverage its software development capabilities to deploy bespoke digital solutions, including AI image recognition, drone-based disaster assessment, and blockchain evidence storage. These tools are designed to optimize risk assessment, loss investigation, and claims adjustment. The cooperation is expected to integrate the Company's after-sales network with Guangzhou HZIA's insurance claims adjusting expertise. By introducing professional adjusting earlier in the claims process via a unified platform, the parties aim to deliver a seamless \"one-stop\" experience. This cooperation is anticipated to enhance the value proposition of the Company's service ecosystem. Furthermore, it is anticipated that the shared data analytics from both parties will support the development of dynamic risk contr...