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Yangtze Memory discloses its IPO tutoring team; CITIC and China Securities Construction & Investment total 31 people

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Golden Finance reported that on July 11, the official website of the China Securities Regulatory Commission (CSRC) showed that on July 10 it updated the progress report on the IPO tutoring work for Yangtze Memory Storage (Phase 1). CItic Securities and CItic Construction Investment together dispatched 31 people to form a tutoring team. This tutoring period runs from May 19, 2026 to June 30, during which tutoring work will be carried out through various methods, including on-site due diligence, organizing centralized training sessions, and communications on specific issues. In the next stage, the tutoring work will be carried out in two aspects: first, coordinate intermediary institutions and the company in a timely manner to discuss and communicate about issues identified in the work, research and determine standardized solutions, and urge the tutored parties to earnestly implement the rectification requirements. At the same time, the tutoring work group will continue to urge the company to improve its corporate governance and internal control systems and enhance the company’s level of standardized operations; second, urge the company to deeply understand laws, regulations, and rules relating to issuing and listing and standardized operations, and to understand its responsibilities and obligations regarding information disclosure and fulfilling commitments. (Jin Ten)
CITIC SEC-1.23%
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