LIZHI recognized as one of the top 20 Internet companies in Guangzhou for the fourth consecutive year

GUANGZHOU, China, Dec. 14, 2022 (GLOBE NEWSWIRE) — LIZHI INC. (“LIZHI” or the “Company”) (NASDAQ: LIZI), an audio-based entertainment and social company, was again named among the “Top 20 Guangzhou Internet Companies” for the 2022 Guangzhou Internet Enterprise Rankings.

This is the fourth consecutive year that LIZHI has been included in the ranking, revealed at the recent Guangzhou Internet + Industrial Investment and Financing Summit Forum, jointly organized by the Guangzhou Internet Association and the Guangdong-Hong Kong-Macao Greater Bay Area Internet Alliance.

The annual Guangzhou Internet Enterprise Rankings honors companies that have excelled in promoting the innovation-oriented city development strategy of Guangzhou, greatly advanced the region’s digital economy, and invested significant resources to cultivate both consumer and industrial sectors of the Internet, cultivating a business environment that is conducive to the growth of the city’s digital economy.

As a member of the Guangzhou Internet Association, LIZHI has been industrious in using its proprietary technologies to advance Guangzhou’s digital economy and has become a model enterprise of the city’s Internet industry.

Mr. Jinnan (Marco) Lai, founder and CEO of LIZHI, said, “It is an immense pleasure and honor for LIZHI to be recognized as one of the ‘Top 20 Internet Companies in Guangzhou’ this year. Receiving such accolades is always encouraging and motivates us to continue innovating in audio.

“Looking to the future, we will continue to develop LIZHI’s strategy around the dual pillar approach of interactive entertainment and audio-based social networking. We are also committed to continuously improving our proprietary technologies and driving product innovation with our core technology capabilities and broad range of product features. With these advances, we hope to provide even greater value and satisfaction to a wider range of users, while also driving the digital development of Guangzhou City.”

Established in 2007, the Guangzhou Internet Society is a Guangzhou-based non-profit organization of enterprises, institutions, and people from all walks of life engaged in Internet business and Internet-related industries. The evaluation of companies for the Guangzhou Internet Enterprise Rankings 2022 was led by the Guangzhou Association for Science and Technology and conducted in collaboration with the Guangzhou Internet Association and the Guangdong Hong Kong Macao Greater Bay Area Internet Alliance. Experts in the fields of the digital economy and the Internet evaluated the nominated companies in terms of technical direction, real-world application, R&D investment, social responsibility and more.

LIZHI INC. has created a comprehensive audio-based social ecosystem with a global presence. The company aims to cater to users’ interests in audio entertainment and social networking through its product portfolio. LIZHI INC. imagine an audio ecosystem where everyone can connect and interact through voices. LIZHI INC. has been listed on the Nasdaq since January 2020.

Safe Harbor Statement
This press release contains forward-looking statements. These statements are made pursuant to the “safe harbor” provisions of the United States 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 any forward-looking statements. In some cases, forward-looking statements may be identified by words or phrases such as “may”, “will”, “expect”, “anticipate”, “target”, “aim”, “estimate”, “intend”, “plan” , “believe”, “potential”, “continue”, “likely/likely” or other similar expressions. Additional information about these and other risks, uncertainties or factors is included in the Company’s filings with the Securities Exchange Commission. All information provided in this press release is current as of the date of this press release, and the Company undertakes no obligation to update such information, except as required by applicable law.

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