Simpson Thacher represented the underwriters in connection with the initial public offering and listing on The Nasdaq Stock Market of YXT.COM Group Holding Limited (“YXT”). YXT’s ADSs are traded on The Nasdaq Stock Market under the symbol “YXT.” Kingswood Capital Partners, LLC and Tiger Brokers (NZ) Limited acted as the underwriters.~~YXT is a leader and disruptor of the digital corporate learning industry in China. According to Frost & Sullivan, YXT is the largest digital corporate learning solution provider in China in terms of total revenue, subscription revenue and number of subscription customers in 2023. YXT is also among the first with VIE structure to obtain approval from China Securities Regulatory Commission for its overseas listing and successfully completed its IPO in the U.S.~~The Simpson Thacher team for the transaction included Yi Gao, Chenjing Shen and June Hu (Capital Markets); Michael E. Mann, Preston Irace and Jiha Min (Tax); George Wang, Bryan Jin, Daniel Levien, Shuhao Fan and Wendy Wu (Regulatory); and Jennie Getsin (FINRA and Blue Sky).