Yangtze Memory IPO Readiness Approved

On August 19, the China Securities Regulatory Commission (CSRC) website disclosed that the IPO tutoring status of Yangtze Memory Technologies Holding Co., Ltd. has been changed to "tutoring completion." The company's IPO tutoring was jointly conducted by CITIC Securities and China Securities. The tutoring filing was accepted by the Hubei branch of the CSRC on May 19. During the tutoring period, the sponsors completed due diligence, financial audits, addressed pre-listing compliance issues, and prepared the listing application documents. The completion of tutoring indicates that the company has fulfilled the procedural requirements for an A-share IPO.