Business
YSX TECH. CO., LTD Enters into a Memorandum of Understanding with Chinese Leading Car Distributor to Build “Technology + Physical” Automotive Service Platform
GUANGZHOU, China, Dec. 09, 2025 (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 the Company and Guangdong Qingfeng Automobile Group Co., Ltd. (“Qingfeng”) , a scalable and vertically integrated automotive distributor, have entered into a non-binding strategic Memoran
About this update from Ysx Tech. Co., Ltd
[{"type":"image","alt":"YSX Tech. Co. Ltd","displaySize":"","headline":null,"caption":"YSX Tech. Co. Ltd","className":"","disableSlideshowImg":false,"size":{"original":{"width":200,"height":200,"url":"https://media.zenfs.com/en/globenewswire.com/1a7b4cdd5bb1f2e53e874c3f4442e0b4"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/udUXqxcN3YG_Ym3YHhm4FQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTM2MDtoPTM2MDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/1a7b4cdd5bb1f2e53e874c3f4442e0b4","width":200,"height":200}},"lazy":false},{"type":"text","content":"GUANGZHOU, China, Dec. 09, 2025 (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 the Company and Guangdong Qingfeng Automobile Group Co., Ltd. (“Qingfeng”) , a scalable and vertically integrated automotive distributor, have entered into a non-binding strategic Memorandum of Understanding (the “MOU”) to establish a long-term collaboration that integrates YSXT’s digital platform and SaaS capabilities with Qingfeng’s extensive offline automotive sales and service network.","length":705,"tagName":"p"},{"type":"text","content":"Founded in 1993, Qingfeng ranks among China’s notable mid‑to‑large automotive distribution companies. It is a diversified automotive distribution and services company and among Guangdong province’s top ten dealers. Qingfeng’s core businesses include new‑car retail, auto‑parts wholesale and retail, after‑sales service, and vehicle import and export. It operates a multi‑brand dealer network across several provinces in China and runs an integrated parts and logistics platform. Through targeted M&A and strategic investments Qingfeng has expanded its geographic reach and strengthened supply‑chain synergies, with 2023 revenue reported at RMB6 billion ($850 million).","length":672,"tagName":"p"},{"type":"text","content":"The MOU sets a framework for jointly building a “Technology + Physical” converged platform to accelerate digital transformation, improve operational efficiency, and develop new market and business models that create a second growth curve for both companies.","length":257,"tagName":"p"},{"type":"text","content":"Under the MOU, the Company and Qingfeng wi...