On March 31, the official website of the Shanghai Stock Exchange revealed that the review status of the Initial Public Offering (IPO) of CXMT, a leading domestic DRAM manufacturer, on the STAR Market had been altered to 'suspended.' This change was prompted by the expiration of the financial data presented in its application documents for issuance and listing, necessitating resubmission. Insiders close to CXMT clarified that this 'suspension' is merely a technical hiatus and will not disrupt the normal progression of the company's IPO review. The review process is expected to recommence once the audited materials are supplemented and an updated version is duly submitted. It's noteworthy that over 20 companies have experienced similar 'suspensions' due to 'financial report updates.' CXMT concluded its listing辅导 (coaching for listing) and filing procedures on July 7, 2024, and its application was formally accepted by the STAR Market on December 30. As the inaugural project under the 'pre-review system' mechanism instituted for A-shares, CXMT has already undergone two rounds of pre-inquiries. As China's largest and most technologically sophisticated integrated DRAM manufacturer, CXMT holds the top position domestically and ranks fourth globally in terms of production capacity and shipment volume, boasting a clientele that includes mainstream companies such as Alibaba Cloud and ByteDance.