Woofun AI reports that the China Securities Regulatory Commission updated the progress of Yangtze Memory Technologies Co., Ltd.'s IPO counseling on July 10. CITIC Securities and CITIC Jiantou Securities jointly formed a 31-member advisory team for this phase, which ran from May 19, 2026, to June 30. The team conducted on-site due diligence, organized lectures, and special issue communications.

The subsequent phase will focus on coordinating with intermediary institutions to resolve identified issues and enforce rectification requirements. The team will also urge the company to enhance corporate governance and internal controls while ensuring compliance with IPO regulations and information disclosure obligations.