Changxin Technology, a prominent domestic DRAM chip manufacturer, revealed in its IPO prospectus for the Science and Technology Innovation Board that its founder and chairman, Zhu Yiming, has pledged to allocate all 768 million of his shares (representing 2.6561% of the company’s total share capital) to employees (excluding himself) within a decade of the company’s public listing, as a form of incentive. Additionally, Zhu Yiming has agreed to a 10-year lock-up period for his remaining shares post-listing, followed by an annual reduction of no more than 20% over the subsequent ten years. On May 27, the Listing Review Committee of the Shanghai Stock Exchange is set to deliberate on Changxin Technology’s initial public offering application. Through this IPO, Changxin Technology aims to raise 29.5 billion yuan, primarily to fund projects such as the technological upgrading and transformation of memory wafer manufacturing production lines.