<SEC-DOCUMENT>0001104659-23-119619.txt : 20250122
<SEC-HEADER>0001104659-23-119619.hdr.sgml : 20250122
<ACCEPTANCE-DATETIME>20231117172449
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001104659-23-119619
CONFORMED SUBMISSION TYPE:	DRSLTR
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20231117

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			YSX Tech Co., Ltd
		CENTRAL INDEX KEY:			0001993463
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-AUTOMOTIVE REPAIR, SERVICES & PARKING [7500]
		ORGANIZATION NAME:           	07 Trade & Services
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		DRSLTR

	BUSINESS ADDRESS:	
		STREET 1:		401, 4/F, BUILDING 12
		STREET 2:		1601 S. GUANGZHOU AVE., HAIZHU DISTRICT
		CITY:			GUANGZHOU
		STATE:			F4
		ZIP:			510220
		BUSINESS PHONE:		0998-2300833

	MAIL ADDRESS:	
		STREET 1:		401, 4/F, BUILDING 12
		STREET 2:		1601 S. GUANGZHOU AVE., HAIZHU DISTRICT
		CITY:			GUANGZHOU
		STATE:			F4
		ZIP:			510220
</SEC-HEADER>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; margin-top: 0pt; margin-bottom: 0pt">November 17, 2023</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">Via Edgar</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">Mr. Brian Fetterolf</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">Division of Corporation Finance</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">Office of Trade &amp; Services</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">U.S. Securities and Exchange Commission</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt"><B>Re: YSX Tech Co., Ltd</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.75in; margin-top: 0pt; margin-bottom: 0pt"><B>Draft Registration Statement on Form F-1 Submitted September
15, 2023</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.75in; margin-top: 0pt; margin-bottom: 0pt"><B>File No. 377-06871</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">Dear Mr. Fetterolf,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">This letter is in response to the letter
dated October 16, 2023, from the staff (the &ldquo;Staff&rdquo;) of the U.S. Securities and Exchange Commission (the &ldquo;Commission&rdquo;)
addressed to YSX Tech Co., Ltd (the &ldquo;Company&rdquo;, &ldquo;we&rdquo;, or &ldquo;our&rdquo;). For ease of reference, we have recited
the Commission&rsquo;s comments in this response and numbered them accordingly. An amendment to the draft registration statement on Form
F-1 (the &ldquo;Amendment&rdquo;) is being filed to accompany this letter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><U>Draft Registration Statement on Form
F-1 submitted September 15, 2023</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><U>Cover Page</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>1.</B></FONT></TD><TD STYLE="text-align: justify"><B>We note your disclosure that &quot;[f]ollowing the completion of this offering, our largest shareholder
will beneficially own approximately [&middot;]% of the aggregate voting power of our issued and outstanding Class A Ordinary Shares and
Class B Ordinary Share . . . .&quot; Please revise to identify such shareholder, which appears to be Jie Xiao, and also disclose that
Jie Xiao will have the ability to control the outcome of matters submitted to stockholders for approval, including the election of directors,
amendments to your organizational documents and any merger, consolidation, sale of all or substantially all of your assets or other major
corporate transactions, as you discuss in your risk factor on page 40. Additionally, here and in such risk factor, please disclose the
specific percentage of outstanding Class B Ordinary Shares that Jie Xiao must keep to continue to control such matters submitted to stockholders
for approval, pursuant to which holders of shares of Class A and Class B common stock would vote together as a class. Please also include
comparable disclosure in your prospectus summary. </B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Response</B></FONT>:
We acknowledge the Staff&rsquo;s comment and have revised the cover page on the Amendment to identify the controlling shareholder as &ldquo;Jie
Xiao&rdquo; and to disclose that &ldquo;As long as Mr. Jie Xiao continues to beneficially own more than 50% of the total voting power
of the Company, he will have the ability to control the outcome of matters submitted to shareholders for approval as ordinary resolutions,
that holders of shares of Class A and Class B Ordinary Shares would vote together on as a class, including the appointment and removal
of directors, sale of all or substantially all of our assets or other major corporate transactions, pursuant to the Company&rsquo;s memorandum
and articles of association. However, Mr. Jie Xiao does not and will not have the ability to control the outcome of certain matters submitted
to shareholders for approval as special resolutions, such as the amendment of the Company&rsquo;s organization documents, since he will
not own more than two-thirds of the Company&rsquo;s voting power, as the Company&rsquo;s memorandum and articles of association require.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">We respectfully advise the Staff that
Jie Xiao&rsquo;s voting power is based on his beneficial ownership of an aggregated 11,850,077 Class A Ordinary Shares and 810,659 Class
B Ordinary Shares, rather than a specific percentage of the outstanding Class B Ordinary Shares. Therefore, as long as he continues to
beneficially own more than 50% of the total voting power of the Company, he will have the power to control matters submitted to shareholders
for approval as ordinary resolutions. We have added comparable disclosure in the prospectus summary and risk factor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.</FONT></TD><TD STYLE="text-align: justify"><B>Where you disclose that &quot;the PRC government adopted a series of regulatory actions and issued
statements to regulate business operations in China with little advance notice . . . ,&quot; please also address how recent statements
and regulatory actions by China&rsquo;s government, such as those related to the use of variable interest entities and data security or
anti- monopoly concerns, have or may impact the company&rsquo;s ability to conduct its business, accept foreign investments, or list on
a U.S. or other foreign exchange.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Response:</B></FONT>
We acknowledge the Staff&rsquo;s comment and have updated the disclosure on the cover page of the Amendment to address recent statements
and regulatory actions by the Chinese government, such as those related to the use of variable interest entities and data security or
anti-monopoly concerns, and to state that such regulatory actions have not and will not impact the Company&rsquo;s ability to conduct
its business, accept foreign investments, or list on a U.S. or other foreign exchange. We also respectfully advise the Staff that there
have not been recent statements or regulatory actions by the Chinese government related to the use of variable interest entities since
the submission of our draft registration statement on September 15, 2023.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>3.</B></FONT></TD><TD STYLE="text-align: justify"><B>We note your disclosure that &quot;no cash transfer or transfer of other assets have occurred among
YSX Cayman, its subsidiaries, or the VIEs.&quot; Please also disclose that &quot;our Company has not made any dividends or distributions
to our shareholders,&quot; as you disclose on page 13.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Response</B></FONT>:
We acknowledge the Staff&rsquo;s comment and have included disclosure in the Amendment that &quot;our Company has not made any dividends
or distributions to our shareholders&rdquo; on the cover page.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.</FONT></TD><TD STYLE="text-align: justify"><B>We note your disclosure that &quot;[f]or accounting purposes, we are the primary beneficiary of the
VIEs, as we control and receive the economic benefits of the VIEs through certain contractual arrangements (the &ldquo;VIE Agreements&rdquo;),
which enable us to consolidate the financial results of the VIEs in our consolidated financial statements under generally accepted accounting
principles in the U.S.&quot; Please revise to state that you are the primary beneficiary and receive the economic benefits of the VIEs
to the extent that you consolidate the financials results of the VIEs in your consolidated statements under U.S. GAAP. Make conforming
changes on page 39 where you disclose that &quot;we are considered the primary beneficiary, enabling us to consolidate our financial results
in our consolidated financial statements,&quot; and also make changes as applicable to your disclosure on page 1 that the &quot;WFOE has
the power to direct the activities of the VIEs that can significantly impact the VIEs&rsquo; economic performance and has the right to
receive substantially all of the economic benefits of the VIEs.&quot; In this regard, we note that any references to control or benefits
that accrue to you because of the VIEs should be limited to a clear description of the conditions you have satisfied for consolidation
of the VIE under U.S. GAAP. Last, and in connection therewith, please revise your references to &quot;our VIE&quot; on pages 71 and 75
to refer to the VIE, so as to refrain from implying that you control the VIEs.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Response:
</B></FONT>We acknowledge the Staff&rsquo;s comment and have revised the disclosure in the Amendment to state that we are the primary
beneficiary and receive the economic benefits of the VIEs to the extent that we consolidate the financial results of the VIEs in our
consolidated statements under U.S. GAAP. We also made conforming changes on page 39, as well as revised references to &ldquo;our VIE&rdquo;
on pages 71 and 75 to refer to &ldquo;the VIEs&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><U>Prospectus Summary</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Approvals
from the PRC Authorities to Issue Our Class A Ordinary Shares to Foreign Investors,</U></FONT><U> page 12</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>5.</B></FONT></TD><TD STYLE="text-align: justify"><B>We note your statement that, &quot;except for the aforementioned filing with the CSRC, we are not required
by any currently effective PRC laws or regulations to obtain approval, permission, or clearance from any other PRC authorities to <I>issue
</I>our securities to foreign investors&quot; (emphasis added). Please also make such statement, if true, with respect to your ability
to <I>offer </I>the securities being registered.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Response:
</B></FONT>We acknowledge the Staff&rsquo;s comment and made the same statement with regard to our ability to offer the securities being registered on page 13 of the Amendment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><U>Approvals from the PRC Authorities
to Conduct Our Operations, page 13</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>6.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>We note your disclosure that &quot;we and
the PRC operating entities have received from the</B></FONT><B> PRC authorities all requisite licenses, permissions, or approvals that
are required for conducting our operations in China, such as business licenses and value added tax permits for general taxpayers.&quot;
Please disclose the material permissions or approvals that you have received. Additionally, with respect to such permissions or approvals,
clarify whether you are relying on counsel, and if not, explain why. Also state whether you have been denied any such approvals or permissions.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Response:</B></FONT>
We acknowledge the Staff&rsquo;s comment and have revised the Amendment on page 13 to disclose the material permissions or approvals that
we have received, and clarified that we are relying on our counsel&rsquo;s opinion with respect to such permissions and approvals. We
have also stated that we have not been denied any such approvals or permissions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Dividends
or Distributions Made to our Company and U.S. Investors and Tax Consequences,</U></FONT><U> page 13</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>7.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Please include a cross-reference here to the
 &quot;Selected Condensed Consolidated Financial</B></FONT><B> Schedule of YSX Cayman and Its Subsidiaries and the VIEs&quot; sub-section,
as well as the consolidated financial statements included in this registration statement, as you do on the cover page.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><B>Response: </B>We
acknowledge the Staff&rsquo;s comment and included a cross-reference on page 13 of the Amendment to the &quot;Selected Condensed Consolidated
Financial Schedule of YSX Cayman and Its Subsidiaries and the VIEs&quot; sub-section, as well as the consolidated financial statements
included in the registration statement, as we do on the cover page.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>8.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Please state here, as you do on the prospectus
cover page, that you do not have &quot;any cash</B></FONT><B> management policies that dictate how funds are transferred among our Company,
the subsidiaries, or the VIEs.&quot;</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><B>Response: </B>We acknowledge the Staff&rsquo;s comment and state on page 13 of the Amendment that we do not have any cash management policies that dictate
how funds are transferred among our Company, the subsidiaries, or the VIEs, as we do on the cover page.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><U>Implications of Our Being an &quot;Emerging
Growth Company&quot;, page 14</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>9.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Your disclosure indicates that you do not
intend to take advantage of the provision for</B></FONT><B> emerging growth companies that allows longer phase-in periods for the adoption
of new or revised accounting standards. As such, please indicate by check mark on the cover page of your registration statement your election
not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section
7(a)(2)(B) of the Securities Act.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Response:</B></FONT>
We acknowledge the Staff&rsquo;s comment and have revised our disclosure on page 14 to clarify that we intend to take advantage of the
provision for emerging growth companies that allows longer phase-in periods for the adoption of new or revised accounting standards.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><U>Risk Factors</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><U>&quot;The Chinese government exerts....&quot;,
page 21</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>10.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>We note your disclosure that &quot;recent
statements by the Chinese government indicate an</B></FONT><B> intent to exert more oversight and control over offerings that are conducted
overseas.&quot; Please also state that such action could significantly limit or completely hinder your ability to offer or continue to
offer securities to investors and cause the value of such securities to significantly decline or be worthless.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Response:
</B></FONT>We acknowledge the Staff&rsquo;s comment and have revised our disclosure on page 21 of the Amendment to include the requested
statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>&quot;You
may experience difficulties in effecting service of legal process, enforcing foreign</U></FONT><U> judgments, or bringing actions....&quot;,
page 21</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>11.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>We note your disclosure that &quot;all of
our directors and officers are nationals or residents of</B></FONT><B> the PRC.&quot; Please revise to identify the relevant individuals
and also clarify whether this applies to your director nominees. Please make conforming changes in your section entitled &quot;Enforceability
of Civil Liabilities&quot; on page 48.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Response:</B></FONT>
We acknowledge the Staff&rsquo;s comment and have revised our disclosure to identify the relevant individuals on page 21 of the Amendment.
We respectfully advise the Staff that we are in the process of selecting our director nominees and will update our disclosure once we
have made our final selection. We have made conforming changes in the section entitled &quot;Enforceability of Civil Liabilities&quot;
on page 48.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>&quot;Recent
greater oversight by the CAC over data security, particularly for companies seeking to</U></FONT><U> list on a foreign exchange....&quot;,
page 22</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>12.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>We note your disclosure that &quot;[a]s of
the date of this prospectus, we are of the view that</B></FONT><B> we are in compliance with the applicable PRC cybersecurity and data
security laws and regulations that have been issued by the CAC in all material respects . . . .&quot; The disclosure here should not be
qualified by materiality. Please make appropriate revisions to your disclosure.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Response:</B></FONT>
We acknowledge the Staff&rsquo;s comment and have removed &ldquo;in all material respects&rdquo; from our disclosure on page 22 of the
Amendment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>&quot;The
dual-class structure of our ordinary shares may adversely affect the trading market for our</U></FONT><U> Class A Ordinary Shares....&quot;,
page 41</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>13.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Here or as a new risk factor, please disclose
that you may be excluded from certain stock</B></FONT><B> indices as a result of your disparate voting stock structure, and the resulting
risks to shareholders.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Response</B></FONT>:
We acknowledge the Staff&rsquo;s comment and have revised the referenced risk factor in the Amendment on page 41 to disclose that we may
be excluded from certain stock indices as a result of our disparate voting stock structure, and the resulting risks to shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Disclosure
Regarding Forward-Looking Statements</U></FONT><U> Industry Data and Forecasts, page 47</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>14.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>We note reference that this prospectus contains
data related to the bakery industry in the</B></FONT><B> PRC and the U.S. Please advise.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Response:</B></FONT>
We acknowledge the Staff&rsquo;s comment and revised our disclosure in the Amendment to ensure that the prospectus contains data related
to the insurance industry in the PRC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><U>Management Discussion and Analysis
of Financial Condition and Results of Operations</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><U>Key Financial Performance Indicators,
page 60</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><B>15.</B></TD><TD STYLE="text-align: justify"><B>We note your disclosure that &quot;[o]ur total revenue increased by approximately $19.1 million, or
63.3%, when comparing fiscal year 2023 to fiscal year 2022, primarily due to the YSX Operating Companies obtained more service contracts
from various insurance companies and brokerages.&quot; Please revise to provide a more robust discussion of the reasons attributed to
such revenue increase. In this regard, while we note that you attribute such increase to an increase in service contracts and that you
derived the majority of your revenue from vehicle maintenance related services increased in 2023, we also note that the revenue generated
from vehicle safety inspection and check services appears to have materially declined from 2022 to 2023.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Response:</B></FONT>
We acknowledge the Staff&rsquo;s comment and have revised our disclosure on pages 60 and 65 of the Amendment to provide a more robust
discussion of the reasons attributed to our revenue increase in fiscal year 2023. We also addressed the factors that contributed to the
material decline of revenue generated from vehicle safety inspections and check services from 2022 to 2023.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><U>Business, page 81</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>16.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>We note your disclosure here and in your risk
factors that, in fiscal year 2023, &quot;three</B></FONT><B> customers each accounted for more than 10% of our total revenue, at 16.0%,
14.4% and 13.3%, respectively,&quot; and &quot;three vendors each accounted for more than 10% of YSX Operating Companies' total outsource
expenses, at 17.6%, 16.7% and 13.4%, respectively.&quot; We also note your disclosure on page 33 that your business is subject to &quot;concentration
risks arising from dependence on a few large customers&quot; as well as &quot;concentration risk with regard to the vendors whom the YSX
Operating Companies subcontract to provide services to customers.&quot; To the extent that you substantially depend on such customers
or vendors, please identify the applicable customers or venders (e.g., PICC and Ping An, as well as your related party customer Dayong)
and file any associated agreements as an exhibit to the registration statement. Please also include a discussion of the material terms
of the agreements in the prospectus. Refer to Item 8 of Form F-1 and Item 601(b)(10)(ii)(B) of Regulation S-K.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><B>Response</B>: We
acknowledge the Staff&rsquo;s comment and respectfully advise the Staff that, although the YSX Operating Companies&rsquo; business is
subject to &quot;concentration risks arising from dependence on a few large customers&quot; as well as &quot;concentration risk with regard
to the vendors whom the YSX Operating Companies subcontract to provide services to customers,&rdquo; the YSX Operating Companies do not
substantially depend on any particular customer to purchase a major part of the YSX Operating Companies&rsquo; services, nor do they depend
on any particular vendor to provide a major part of their services. As such, we believe that we are not required to identify the applicable
customers or venders, or file the associated agreements as exhibits to the registration statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><U>Notes to Consolidated Financial Statements</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Note
2 - Summary of Significant Accounting Policies</U></FONT><U> Revenue recognition, page F-15</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><B>17.</B></TD><TD STYLE="text-align: justify"><B>On pages 84 and 85, you disclose that the vendors under your auto insurance aftermarket value-added
services are responsible for any liabilities arising from the related service renderings and some of these vendors were referred by insurance
companies and brokerages. Please tell us how you consider these factors in your determination that you are principal in your transactions.
Refer to ASC 606-10-55-36 through 40.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Response:
</B></FONT>We acknowledge the Staff&rsquo;s comment and have revised the disclosure on page 84 of the Amendment to clarify that, while
the vendors may be required to reimburse YSX Operating Entities for costs arising from their failure in rendering services that are satisfactory
to the insurance policy holders, the YSX Operating Entities are ultimately responsible for resolving disputes and providing remedies to
insurance policy holders. Furthermore, we have determined that we are principal in our transactions for the following reasons:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">According to ASC 606, a principal controls
a good or service before transferring it to the customer. When a third party is involved in providing goods or services to a customer,
an entity that is a principal obtains control of any one of the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.8pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">(a)</FONT></TD><TD STYLE="text-align: justify">A good or another asset from the third party that it then transfers to the customer;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.8pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">(b)</FONT></TD><TD STYLE="text-align: justify">A right to a service performed by the third party, which gives it the ability to direct that third party
to provide the service to the customer on its behalf; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35.8pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt">(c)</FONT></TD><TD STYLE="text-align: justify">A good or service from the third party that it then combines with other goods or services in providing
the specified good or service to the customer.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Based
on the service contracts between us and the insurance companies and brokerages, </FONT>we are primarily responsible for fulfilling our
undertakings and promises to the insurance companies and brokerages (the &ldquo;customers&rdquo;) to provide auto insurance aftermarket
value-added services. Although we engage external vendors to perform the services, we are responsible for coordinating, monitoring and
inspecting external vendors for related service rendering, resolving disputes and complaints by insurance policy holders who use the auto
insurance aftermarket value-added services as offered by the insurance companies and brokerages, and reporting the service rendering results
to the insurance companies and brokerages, and, accordingly, we have obtained the right and ability to direct the external vendors to
provide the services, and are responsible for ensuring that the services are performed and are acceptable to the insurance companies and
brokerages. If there are any liabilities arising from the services rendered, the insurance policy holders will make claims with the insurance
companies and brokerages, who will then hold us responsible and accountable, instead of the external vendors, for any liabilities arising
from the related services.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Although
the insurance companies and brokerages may sometimes refer certain vendors to us, it is at our discretion to evaluate the qualification
of the vendors as referred to us by insurance companies and brokerages, and conduct thorough due diligence reviews of the vendors prior
to entering into service agreements with them. When we obtain the service contract from insurance companies and brokerages, we subcontract
with the appropriate external vendors, and have the right to inspect and monitor the external vendors for related service renderings and
to resolve disputes and complaints by insurance policy holders, which direct the external vendors to perform auto insurance aftermarket
value-added services for the insurance companies and brokerages. While the payment terms in the contracts with the external vendors generally
are aligned with the payment terms in our contracts with insurance companies and brokerages, we pay an advance deposit to the external
vendors according to their service agreements and we are obliged to pay the external vendors, even if insurance companies and brokerages
fail to pay us. </FONT>The insurance companies and brokerages do not have a right to direct the external vendors to perform services that
we do not agree to provide. We conclude that we control the specified services before they are transferred to the insurance companies
and brokerages. The terms of our contracts with the external vendors give us the ability to direct the external vendors to provide the
specified services on our behalf.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">Based
on the above analysis, </FONT>in all transactions where an external vendor is involved in the auto insurance aftermarket value-added services,
we retain the ability to direct the external vendor to provide the auto insurance aftermarket value-added services, and we remain primarily
responsible to the insurance companies/brokerages for the fulfillment of the auto insurance aftermarket value-added services. Furthermore,
we have discretion in establishing the service prices with insurance companies and brokerages for auto insurance aftermarket value-added
services, independent of the payment terms between we and external vendors who perform the services on behalf us. On the basis of the
foregoing, for purposes of ASC 606 and in accordance with ASC&nbsp;606-10-25-25&nbsp;and&nbsp;606-10-55-36&nbsp;through 606-10-55-40,
we concluded that we direct the auto insurance aftermarket value-added services provided to insurance companies and brokerages. We believe
we are the principal in the transactions where we outsource the value-added services to external vendors to perform on behalf of us. Therefore,
we are principal in the transaction and recognizes revenue equal to the consideration to which we are entitled from the insurance companies
and brokerages in exchange for the auto insurance aftermarket value-added services, and the amount paid by us to external vendors is recorded
as the cost of revenues.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">Additionally, in response to the Staff&rsquo;s
comment, we revised the disclosure on page 78 and page F-15 on how we recognize revenues associated with the Company&rsquo;s auto insurance
aftermarket value-added services.<FONT STYLE="color: #0066ff"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="color: #0066ff">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><U>General</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">18.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Please provide us with supplemental copies
of all written communications, as defined in</B></FONT><B> Rule 405 under the Securities Act, that you, or anyone authorized to do so
on your behalf, have presented or expect to present to potential investors in reliance on Section 5(d) of the Securities Act, whether
or not you retained, or intend to retain, copies of those communications. Please contact the staff member associated with the review of
this filing to discuss how to submit the materials, if any, to us for our review.</B></TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Response:</B></FONT>
We acknowledge the Staff&rsquo;s comment and will supplementally provide the Staff with copies of any written communications, as defined
in Rule 405 under the Securities Act, that we, or anyone authorized to do so on our behalf, presents to potential investors in reliance
on Section 5(d) of the Securities Act, whether or not they retain copies of the communications. We will contact the staff member associated
with the review of this filing to discuss how to submit the materials, if any, to the Staff for review.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">We appreciate the assistance the Staff
has provided with its comments. If you have any questions, please do not hesitate to call our counsel, Ying Li, Esq., of Hunter Taubman
Fischer &amp; Li LLC, at (212) 530-2206.</P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Very truly yours,</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5pt; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5pt; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: -13.5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ <I>Jie Xiao</I></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 5%; padding-right: 5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:&nbsp;</FONT></TD>
    <TD STYLE="width: 45%; padding-right: 5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Jie Xiao</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="padding-right: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Executive Officer</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">Cc: Ying Li, Esq.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">Hunter Taubman Fischer &amp; Li LLC</P>

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