According to BlockBeats, on July 11, the China Securities Regulatory Commission (CSRC) website showed that it updated the progress report (first phase) of the IPO guidance work for Yangtze Memory Technologies Co., Ltd. on July 10. CITIC Securities and CITIC Construction Investment Securities jointly dispatched a guidance team of 31 people. The guidance period is from May 19 to June 30, 2026, and the guidance work will be carried out through various methods such as on-site due diligence, organizing centralized lectures, and communicating on specific issues.
The next phase of guidance will focus on two aspects: First, promptly coordinating with various intermediary agencies to discuss and determine standardized solutions for any issues discovered during the process, and urging the company to earnestly implement rectification requirements. Simultaneously, the guidance team will continue to urge the company to improve its corporate governance and internal control systems, enhancing its level of standardized operation. Second, urging the company to deeply understand the laws, regulations, and rules regarding IPOs and standardized operations, and to be aware of its responsibilities and obligations regarding information disclosure and fulfilling commitments. (Jinshi)