LIZHI recognized as a Guangdong Province Enterprise

GUANGZHOU, China, Nov. 1, 2022 (GLOBE NEWSWIRE) — LIZHI INC. (“LIZHI” or the “Company”) (NASDAQ: LIZI), an audio-based social and entertainment company, recently unveiled its status as “Enterprise Technology Center of Guangdong Province” at a formal ceremony. LIZHI was recognized by the Ministry of Industry and Information Technology of Guangdong Province (“DIIT”) after multiple rounds of assessments, including expert assessments and recommendations from related industrial companies.

An Enterprise Technology Center is a technology R&D facility set up by companies to make the local market more competitive. The focus is on building innovative platforms that advance core technologies and nurture industry leaders to meet the development needs of diverse industries.

DIIT’s goal in recognizing Enterprise Technology Centers of Guangdong Province is to encourage key industry enterprises to drive technological advancement and further advance their innovation capabilities.

Mr. Jinnan (Marco) Lai, Founder and Chief Executive Officer of LIZHI, said, “It is a great honor for us to receive DIIT’s recognition as the Enterprise Technology Center of Guangdong Province. This achievement is closely linked to the long-term efforts of our respected colleagues in researching and exploring new directions in technological innovation. Becoming an enterprise technology center of Guangdong Province validates LIZHI’s past technical achievements and encourages us to further develop our proprietary technologies.

“LIZHI has always believed that core technologies are the cornerstone of the company’s business development. In the future, we plan to take our scientific and technological innovations to the next level and enhance our engineering capabilities while continuing to explore comprehensive audio technology solutions. LIZHI aims to play a strong supporting and promoting role in the sustainable development of our global audio business. We are also committed to further advancing the development of the audio industry.”

As a member of the Pilot Enterprise Cooperation Alliance of Online Audiovisual Industry in Guangdong Province, LIZHI’s Audio Engineering Technology Research Center was previously recognized by the Guangdong Science and Technology Department on its 2021 List of Engineering Technology Research Centers of Guangdong Province.

About LIZHI INC.
LIZHI INC. has created an extensive audio-based social ecosystem with a global footprint. The company aims to meet users’ interests in audio entertainment and social networking with its product portfolio. LIZHI INC. envisions an audio ecosystem where everyone can be connected and interact through voices. LIZHI INC. has been listed on the Nasdaq since January 2020.

Safe Harbor Declaration
This press release contains forward-looking statements. These statements are made in accordance with the “safe harbor” provisions of the US Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in the forward-looking statements. In some cases, forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “anticipate”, “aim”, “aim”, “estimate”, “intend”, “plan”, “believe” , “potential”, “continue”, “is/are likely” or other similar expressions. Additional information regarding these and other risks, uncertainties or factors is contained in the Company’s filings with the Securities Exchange Commission. All information provided in this press release is as of the date of this press release and the Company assumes no obligation to update this information, except as required by applicable law.

For investor and media inquiries please contact:
In China:
LIZHI INC.
IR department
Tel: +86 (20) 3866-4265
Email: [email protected]

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