LIZI

LIZHI INC. ("LIZHI" or the “Company”) (NASDAQ: LIZI), an audio-based social and entertainment company, has recently rolled out a new short audio clips feature on its audio platform.

Short audio clips create an even more immersive and engaging audio and listening experience for the platform’s vibrant and growing online communities and encourage users to explore innovative interactions through “short audio + social audio”.

Through the platform, users can click into the short audio clips space with a single touch and access a wide range of high-quality audio content, and at the same time also share short audio content with fellow users through likes, recommendations and reviews.

Within the short audio clips space, users can also take advantage of an audio clips library and audio clip templates to create their own segments, whether to create content around current hot topics or ongoing challenges.

The platform recently held a dubbing event where users were encouraged to act as a character for one minute, encouraging sharing of their own audio bites and creating a more lively environment for online audio communities.

LIZHI has also launched a series of different events and challenges to boost user engagement around themes such as “the sound of cosmic stars”, “seeking a reply on an autumn day”, and the “listen and recommend great voices” content referral event.

The platform recently released the first language-specific livestreaming room, the “Cantonese Teahouse”, where users can mingle and interact with Cantonese-speaking streamers from diverse backgrounds. This has enabled a deeper appreciation of Lingnan culture through livestreaming.

LIZHI’s launch of short audio clips is closely linked to the Company’s Voice Cloud – a proprietary in-house cloud computing platform built on LIZHI’s technological expertise. LIZHI continuously optimizes and upgrades audio creator tools through Voice Cloud’s technology, including upgrades to the synchronization between audio and text, noise reduction, and improved sound quality through AI – all of which enables LIZHI’s community of users and creators to produce higher quality audio content more easily.

LIZHI is committed to its core value of putting users first, constantly striving to satisfy users’ needs for positive online communities and audio interactivity, and regularly upgrading and updating LIZHI's suite of products and services to improve users’ satisfaction.

Looking forward, LIZHI plans to continue the advancement of social audio and audio interactivity as well as build an array of interactive audio entertainment products and services to enhance the user experience.

About LIZHI INC.

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 portfolios. LIZHI INC. envisions an audio ecosystem where everyone can be connected and interact through voices. 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 U.S. 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 cases, forward-looking statements can be identified by words or phrases such as “may”, “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “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 is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

For investor and media inquiries, please contact:LIZHI INC.IR DepartmentTel: +86 (20) 3866-4265E-mail: ir@lizhi.fm

The Piacente Group, Inc.Jenny CaiTel: +86 (10) 6508-0677E-mail: Lizhi@tpg-ir.com

In the United States:

The Piacente Group, Inc.Brandi PiacenteTel: +1-212-481-2050E-mail: Lizhi@tpg-ir.com