Yangtze Memory Technologies responds to rumors about the Entity List: All domestic and overseas businesses comply with the law

On July 13, 2021, Yangtze Memory Technologies Co., Ltd. (hereinafter referred to as "YMTC") discovered that many online media outlets were forwarding news and information related to YMTC and the U.S. trade restriction list.

In this regard, Yangtze Memory Technologies Co., Ltd. solemnly declares the following:

1. Since its establishment, Yangtze Memory has always adhered to the business philosophy of abiding by laws and regulations. In all its domestic and overseas businesses, Yangtze Memory strictly abides by the local laws and regulations;

2. The products and services provided by Yangtze Memory are all for the commercial and civilian markets;

3. Yangtze Memory abides by the WTO's fair trade principles, focuses on independent technology research and development, and fully respects the intellectual property rights of third parties;

4. Currently, all production and operation businesses of Yangtze Memory are carried out normally based on the above principles.

Yangtze Memory Technologies Co., Ltd.

July 16, 2021