Changxin Memory Technologies has announced the completion of fund remittance and allotment for its strategic placement in the initial public offering (IPO) on the STAR Market. The company confirmed that all investors adhered to their commitments, with the initial strategic placement comprising 334.4 million shares, representing 50% of the initial issuance and 43.48% of the total shares post-over-allotment. The subscription funds were fully remitted to the designated bank account within the required timeframe. The valid subscription ratio for offline Class A investors exceeded 87%, highlighting strong demand. Following the strategic placement clawback and before the online-offline clawback mechanism, the initial online issuance was set at 334.9 million shares, accounting for 55.59% of the issuance after adjustments for the over-allotment option.