LIZHI Recognized as “Enterprise Technology Center of Guangdong Province” to Boost Innovation and R&D

GUANGZHOU, China, Nov. 01, 2022 (GLOBE NEWSWIRE) — LIZHI INC. (“LIZHI” or the “Company”) (NASDAQ: LIZI), an audio-based entertainment and social enterprise, recently unveiled its status as the “Enterprise Technology Center of Guangdong Province” at a a celebratory ceremony. LIZHI has been recognized by the Department of Industry and Information Technology of Guangdong Province (“DIIT”) after several rounds of evaluations, including expert evaluations and recommendations of related industrial enterprises .

A corporate technology center is a technology R&D institution created by companies to help make the local market more competitive. Its goal is to create innovative platforms that advance core technologies and train industry leaders, to meet the development demands of various industries.

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

Mr. Jinnan (Marco) Lai, Founder and General Manager of LIZHI, said, “It is a great honor for us to receive the recognition of DIIT as the Enterprise Technology Center of Guangdong Province. This achievement is closely linked to the longstanding efforts of our distinguished colleagues in researching and exploring new directions in technological innovation. Becoming an Enterprise Technology Center of Guangdong Province confirms LIZHI’s technical achievements to date and encourages us to continue developing 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 science and technology innovation to the next level and improve our technical ability, while continuing to pursue comprehensive audio technology solutions. LIZHI aims to play a strong supporting and facilitating role in the sustainable development of our global audio business. We also strive to further promote the development of the audio industry.

As a member of Pilot Enterprise Cooperation Alliance of Online Audiovisual Industry in Guangdong Province, LIZHI Audio Engineering Technology Research Center has already been recognized by Guangdong Department of Science and Technology on its 2021 List engineering technology research centers in Guangdong province.

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

Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under 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 statement. In some instances, forward-looking statements may be identified by words or phrases such as “may”, “will”, “expect”, “anticipate”, “target”, “aim”, “estimate”, ” intends to”, “plans”, “believes”, “potential”, “continues”, “is/are likely to” or other similar expressions. Further information regarding 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 speaks 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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