Yangtze River Storage Group, the parent entity of Yangtze Memory, has recently concluded a significant financing round amounting to approximately RMB9.438 billion. This latest injection of capital has boosted the company's post-investment valuation to a remarkable RMB161.616 billion. This round garnered the interest of 15 esteemed institutions, including Quanhong Investment and ABC Financial Assets Investment Co., Ltd. Yangtze River Storage Group boasts subsidiaries such as Yangtze Memory and Wuhan Xinxin Semiconductor Manufacturing Corporation. Yangtze Memory, a pioneer in China's semiconductor industry, has independently developed the country's first 3D NAND flash memory. Leveraging its innovative Xtacking technology, the company offers high-performance storage solutions that are extensively utilized across various sectors. Despite encountering a net loss during the first three quarters of 2024, Yangtze Memory maintains a robust net asset value of RMB134.736 billion.