YSX TECH. CO., LTD Forges Strategic Alliance for Auto Insurance and Supply Chain Finance with Huijian Information Technology Co., Ltd.

Core Viewpoint - YSX TECH. CO., LTD has entered into a two-year Framework Cooperation Agreement with Huijian Information Technology Service Co., Ltd to enhance auto insurance services, strengthen supply chain finance capabilities, and develop insurance products [1][2]. Group 1: Partnership Overview - The partnership aims to leverage Huijian's automotive lifecycle services and data management capabilities, combined with YSX's insurer network and industry resources [2][10]. - The collaboration will focus on three key areas: enhanced auto insurance after-sales services, supply chain finance, and data-driven insurance products [1][5]. Group 2: Enhanced Auto Insurance Services - YSX plans to utilize Huijian's supply chain network to provide standardized and high-quality after-sales services for car owners, thereby strengthening its offline presence [3][4]. - The partnership is expected to create value for both car owners and insurers through improved service delivery [7][8]. Group 3: Supply Chain Finance - YSX aims to build credit profiles for automotive supply chain participants using Huijian's operational and credit data, facilitating access to financing through credit enhancement services [4][6]. - This initiative is anticipated to strengthen Huijian's supply chain network and develop a new business avenue for YSX [4][8]. Group 4: Data-Driven Insurance Products - The collaboration intends to develop customized insurance products by combining Huijian's supply chain data with YSX's insurer resources, including usage-based auto insurance and parts warranty insurance [5][6]. - The goal is to optimize insurance pricing and underwriting, allowing insurers to target markets more effectively [5][8]. Group 5: Implementation Framework - The Agreement establishes a framework for collaboration, including a dedicated team for project advancement, regular meetings, and mutual training through workshops [6][7]. - Specific projects will be governed by supplementary agreements detailing procedures, rights, obligations, and financial terms [6][8].