Yangtze Memory Storage has announced its IPO advising team, consisting of 31 people in total from CITIC and CITIC Securities.

Mars Finance news: On July 11, the CSRC website showed that on July 10 it updated the report on the progress of the IPO mentoring work for Yangtze Memory (Phase 1). Citic Securities and Citic Jiaheng Investment jointly dispatched a mentoring team of 31 people. The mentoring period for this phase runs from May 19, 2026 to June 30, and mentoring work is carried out through various methods, including on-site due diligence, organizing centralized training sessions, and special issue communications.

In the next stage, the mentoring work will be carried out in two areas: first, promptly coordinate with relevant intermediary institutions and communicate and discuss with the company the problems identified during the work, study and determine a standardized plan, and urge the mentored entities to seriously implement the rectification requirements. At the same time, the mentoring working 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 related to issuing and listing and standardized operations, and to know the responsibilities and obligations related to information disclosure and fulfilling commitments. (Jin Ten)