On August 17, Yingxin Development made an announcement revealing its intention to issue A-share stocks to targeted investors, with the aim of raising a sum not exceeding 1.779 billion yuan. Following the deduction of issuance-related expenses, the proceeds will be allocated towards advanced packaging and testing endeavors, memory module fabrication, research and development projects focused on memory controller chips, as well as to bolster working capital and settle outstanding bank loans.