Sound Group Inc. Announces Trading under New Name on Nasdaq
January 26 2024 - 5:45AM
Sound Group Inc. (“Sound Group” or the “Company”) (NASDAQ: SOGP), a
global audio-centric social and entertainment company, today
announced that its American depositary shares, each representing
two hundred (200) Class A ordinary shares, par value US$0.0001 per
share (the “ADSs”), will commence trading on Nasdaq under the new
name “Sound Group Inc.” at the market opening on January 26, 2024.
As previously announced, a special resolution to
approve its name change from “LIZHI INC.” to “Sound Group Inc.” was
adopted at an Extraordinary General Meeting of Shareholders, held
by the Company on January 25, 2024, in Singapore.
Trading of the ADSs under the new name on Nasdaq
will not affect shareholders’ rights, the Company’s operations, or
its financial position. The Company does not intend to change its
financial strategy or financial reporting as a result of this
announcement.
About Sound Group Inc.
(formerly known as LIZHI INC.)
Sound Group Inc. is a global audio-centric
social and entertainment company driven by a clear mission and
vision: building the world’s largest audio platform to better
connect and communicate. The Company is dedicated to shaping a
future where audio not only bridges gaps but also amplifies human
connection through the power of sound. Sound Group Inc. has been
listed on Nasdaq since January 2020.
For more information, please visit:
https://ir.soundgroupinc.com/
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, including but not limited to the
following: the Company’s goals and strategies; the Company’s future
business development, results of operations and financial
condition; the expected growth of the online audio market; the
expectation regarding the rate at which to gain active users,
especially paying users; the Company’s ability to monetize the user
base; fluctuations in general economic and business conditions in
China and overseas markets; the impact of the COVID-19 to the
Company’s business operations and the economy in China and
elsewhere generally; any adverse changes in laws, regulations,
rules, policies or guidelines applicable to the Company; and
assumptions underlying or related to any of the foregoing. 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:
Sound Group Inc.IR DepartmentTel: +86 (20)
8381-8791E-mail: ir@soundgroupinc.com
Piacente Financial CommunicationsJenny CaiTel:
+86 (10) 6508-0677Brandi PiacenteTel: +1-212-481-2050E-mail:
soundgroup@tpg-ir.com
Sound (NASDAQ:SOGP)
Historical Stock Chart
From Jul 2024 to Aug 2024
Sound (NASDAQ:SOGP)
Historical Stock Chart
From Aug 2023 to Aug 2024