Company YX Asset Recovery Limited

YX Asset Recovery Limited is a Cayman Island-based company offshore holding company. The Company collects delinquent consumer receivables, such as credit card receivables originated by commercial banks, and online receivables originated by online consumer finance companies. It focuses on the collection of tertiary receivables, including credit card receivables that are past due for more than 12 months or are charged-off and online receivables that are past due for more than six months or are charged-off. Its credit card receivables collection is conducted through both portfolio collection and general collection, while its online receivables collection is conducted through general collection. The Company obtains engagements for collection services from its clients either through a bidding process or by direct engagement.