LIZHI caps off 2020 with two new awards in recognition of its achievements

LIZHI INC. ("LIZHI" or "the Company") (NASDAQ: LIZI), a leading online UGC audio community and interactive audio entertainment platform in China, was recently named the Most Influential App of the Year at the Global Marketing Cicada Awards ("GMCA") and won the NextWorld 2020 Top Apps & Brands Awards in China, marking another remarkable year for LIZHI.

LIZHI won the Most Influential App of the Year in recognition of its industry-leading audio entertainment ecosystem, which the Company has been developing consistently since the launch of the LIZHI App in 2013. The GMCA was held by the data analysis platform Chandashi on December 18, 2020 in Guangzhou to honor, among others, outstanding players based in China in the mobile apps and live streaming e-commerce space, in appreciation of the continuous efforts toward innovation that has helped propel the development of the industry.

LIZHI also won the NextWorld 2020 Top Apps & Brands Awards at the 5th NextWorld Summit and Annual Top Apps & Brands Awards Ceremony, hosted by Chinese mobile application data analysis platform Qimai Data on December 22, 2020 in Beijing. The summit, which brought together leading entrepreneurs, senior executives, media, and other guests, recognized brands and products that lead innovation and pursue excellence in the internet industry. LIZHI was acknowledged for its innovative audio ecosystem and interaction model. With a diverse and complete platform that encompasses podcasts and entertainment products, LIZHI offers podcast content across 27 major categories and 107 sub-categories, such as content related to life & relationship, parenting, language learning, music radio, and talk shows.

"LIZHI is honored to have received these two awards, which is a great recognition of our efforts and achievements, and an encouragement to us in this challenging year," said Marco Lai, the founder and CEO of LIZHI. "We believe we have made substantive progress in diversifying our business models and expanding online audio use scenarios this year. We plan to continue exploring exciting new ways to forge a dynamic and interactive audio-centric user community, which may then help us create a more diverse and vibrant audio experience in the future."

This year, LIZHI has also entered into a collaboration relationship with some of the major automobile players in China including GAC AION New Energy Automobile, GAC Motor, and Xpeng Motors as previously announced.