GlobeNewswire Inc | Aug 4, 2021 07:00AM EDT

August 04, 2021

GUANGZHOU, China, Aug. 04, 2021 (GLOBE NEWSWIRE) -- LIZHI INC. ("LIZHI" or the "Company") (NASDAQ: LIZI), a leading online UGC audio community and interactive audio entertainment platform in China, announced today that it has partnered with PATEO, a leading Internet of Vehicles (IoV) company in China, to boost the development of LIZHIs audio products in PATEOs loV system.

Founded in 2009, PATEO is one of Chinas leading IoV and intelligent networking connected car companies, and is committed to providing research and development, manufacturing and digital connectivity support services for intelligent in-car information systems. PATEOs software design is based on Service-Oriented Architecture (SOA) to offer users software applications for cockpit, vehicle, and autonomous vehicle usage scenarios. PATEOs technology has been integrated into close to 100 vehicle models from about 30 automobile brands across more than 30 countries and regions.

This partnership will enable synergetic collaboration between LIZHI and PATEO by bringing together sophisticated technologies from their respective fields. LIZHI will capitalize on PATEOs expertise in IoV and smart cockpits to further optimize the application of in-car audio products in various usage scenarios and provide users with more diverse in-car audio entertainment options.

LIZHI aims to offer users a high-quality in-car audio experience leveraging LIZHIs extensive and personalized audio content offerings, AI-powered intelligent recommendation and distribution systems, as well as the Companys in-house audio technology solution DOREME. Both LIZHI and PATEO will also actively work on exploring usage scenarios for in-car audio and the potential of in-car audio applications.

We are very pleased to cooperate with LIZHI to jointly advance the development of the Internet of Vehicles ecosystem, said Mr. Ken (Yilun) Ying, Founder and Chief Executive Officer of PATEO. PATEO will utilize its unique software and hardware capabilities to promote the application of LIZHIs audio products in more in-car scenarios and at the same time accelerate the integration of LIZHIs audio products into automotive systems.

Mr. Jinnan (Marco) Lai, Founder and Chief Executive Officer of LIZHI, said, The innovative spirit of PATEOs technologies is a perfect match for LIZHIs strategy in proprietary audio solutions. I believe that this partnership may bolster LIZHIs integration of audio into various devices and usage scenarios. In the future, we will continue enriching our audio content, advancing our proprietary technology, collaborating with more leading companies, and continuously providing diverse audio experiences to a wider range of users.

About LIZHI INC.

LIZHI INC. (the "Company" or "LIZHI") has built an audio ecosystem with a global presence consisting of audio-based social networks, podcast content portfolios and audio communities. The Company aims to bring people closer together through voices by its product portfolios. LIZHI's audio-based social networking product offering, including TIYA App, caters to users' evolving interest in social interactions in real time online and enables users to connect with friends having similar interests, entertain, chat online, and share their daily lives through voices. LIZHI also offers a vertical podcast platform, LIZHI Podcast, that provides users with curated content drawn from its extensive content library built over the years, as well as new podcasts provided by selected content creators. Since the launch of LIZHI App in 2013, the Company's flagship platform, LIZHI has cultivated a vibrant and growing online UGC audio community and interactive audio entertainment platform where users are encouraged to create, share, discover and enjoy audio, and experience immersive and diversified entertainment features through audio. LIZHI envisions a global audio ecosystem a place where everyone can be connected through voices and across cultures. 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 Companys 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 Companys 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:In China: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