YSX Tech shares surge 10.34% intraday after relocating R&D center to 30% larger facility to boost innovation and growth.

YSX TECH. surged 10.34% intraday following the announcement of relocating its R&D center to a 30% larger facility in Guangzhou, China. The expanded space, effective September 27, aims to enhance technology development, team collaboration, and product innovation, aligning with the company’s strategic focus on insurance-technology growth. CEO Jie Xiao highlighted the move’s potential to accelerate core technology advancements and address evolving market demands, reinforcing investor confidence in the firm’s long-term vision. The relocation underscores YSX TECH.’s commitment to scaling operations and strengthening its position in China’s insurance-tech sector.