On June 17, Puyuan Semiconductor released a statement addressing unusual fluctuations in its stock price. The company clarified that its core business currently revolves around the design and sale of non-volatile memory chips and their derivative products. At present, Puyuan Semiconductor's production and operations are proceeding smoothly, with no substantial changes in its operational status or the internal and external business landscapes. The company urges investors to stay vigilant about the cyclical nature of the memory industry and the potential risks linked to memory prices reaching unprecedented highs. Within the diverse segments of the memory industry, the main products of Puyuan Semiconductor (including its controlled subsidiaries) comprise niche non-volatile memory offerings such as 2D NAND and its derivative memory chips (e.g., SLC NAND, eMMC), NOR Flash, EEPROM, etc., catering to a relatively niche market segment.