On December 30th, the official website of the Shanghai Stock Exchange revealed that Changxin Technology Group Co., Ltd.'s IPO application for listing on the STAR Market had been officially accepted. In a strategic move, the company aims to raise a substantial sum of 29.5 billion yuan. This capital injection will be channeled into three key areas: the technological upgrading and transformation of its memory wafer manufacturing mass - production line, the enhancement of DRAM memory technology, and the research and development of cutting - edge dynamic random - access memory technologies. Notably, this IPO project had already gone through a pre - review stage. On the very day of its acceptance, the company made public its responses to two rounds of inquiries received during the pre - review process. This marks a significant milestone as it is the first pre - reviewed IPO project on the STAR Market to reach the acceptance stage.