UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F Table of Contents (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT ...

Table of Contents | --- | --- | --- | --- | |------------|-----------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------|---------------------------| | | | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 \nFORM 20-F | | | (Mark One) | | | | | ☐ | REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) ...

SINGAPORE, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Sound Group Inc. ("Sound Group" or the "Company") (NASDAQ:SOGP), a global audio-centric social and entertainment company, today issued a letter to shareholders from its founder and Chief Executive Officer, Mr. Marco Lai. Dear Shareholders, In the blink of an eye, the Company is already celebrating the fourth anniversary of its listing. Despite persistent external challenges in 2023, we remain firmly committed to the Company's long-term trajectory. Over the past y ...

SINGAPORE, Jan. 26, 2024 (GLOBE NEWSWIRE) -- 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 f ...

SINGAPORE, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Sound Group Inc., formerly known as LIZHI INC. ("Sound Group" or the "Company"), a global audio-centric social and entertainment company, today announced the results of its Extraordinary General Meeting of Shareholders held on January 25, 2024, in Singapore, where it adopted a special resolution to approve its name change from "LIZHI INC." to "Sound Group Inc.". As previously announced, the Company will also change the ticker symbol of its American depositary sha ...

GUANGZHOU, China, Jan. 11, 2024 (GLOBE NEWSWIRE) -- LIZHI INC. ("LIZHI" or the "Company") (NASDAQ:LIZI), an audio-based social and entertainment platform, today announced that it will change the ticker symbol of its American depositary shares listed on the Nasdaq Capital Market from "LIZI" to "SOGP." Trading under the new ticker symbol is expected to begin at the market opening on January 25, 2024. No action by the Company's shareholders is required with respect to the proposed ticker symbol change, and suc ...

Lizhi Inc. (NASDAQ:LIZI) Q3 2023 Earnings Conference Call November 29, 2023 8:00 PM ET Company Participants Effy Kang - Head of Capital Markets Jinnan Lai - Founder, Chief Executive Officer and Director Chengfang Lu - Acting Chief Financial Officer Conference Call Participants Operator Hello, ladies and gentlemen. Thank you for standing by for LIZHI INC.'s Third Quarter 2023 Earnings Conference Call. Please note, all participants are in a listen-only mode now and today’s conference call is being recorded. I ...

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Exhibit 99.1 LIZHI INC. Reports Second Quarter 2023 Unaudited Financial Results GUANGZHOU, China, Aug. 29, 2023 /GLOBE NEWSWIRE/ - LIZHI INC. ("LIZHI" or the "Company" or "We") (NASDAQ: LIZI), an audio-based social and entertainment platform, today announced its unaudited financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Financial and Operational Highlights · Net revenues were RMB592.9 million (US$81.8 million) in the second quarter of 2023, representing a 15% increase from R ...

Financial Data and Key Metrics - Revenue increased by 22% year-over-year to RMB 631 million in Q1 2023 [7][13] - Net income surged by 54% sequentially and 194% year-over-year to RMB 48.3 million [7][13] - Total average mobile MAUs reached 49.6 million, with average monthly paying users totaling 471.5 thousand [7] - Gross profit was RMB 196.4 million, with a gross margin of 31% [14] - Non-GAAP gross profit was RMB 198.2 million, with a non-GAAP gross margin of 31% [14] - Operating income was RMB 42.7 million, compared to RMB 14.6 million in Q1 2022 [16] - Non-GAAP operating income was RMB 52.9 million, up from RMB 23.4 million in Q1 2022 [17] - Cash and cash equivalents, short-term investments, and restricted cash totaled RMB 731.3 million as of March 31, 2023 [17] Business Line Performance - The company focused on enhancing audio entertainment product features, boosting commercialization efficiency [7] - Content creator ecosystem was strengthened through refined operations and diversified themed activities, attracting more creators and increasing engagement [8][9] - Global business expansion was supported by the launch of the MY AI FRIEND chatbot in the TIYA App, which improved user engagement and usage time [9][10] Market Performance - The company achieved solid growth across all business segments in Q1 2023 [12] - Overseas business is in the early stages, with monetization models being tested and optimized [21][26] Strategic Direction and Industry Competition - The company aims to build a more competitive audio-based ecosystem and expand its global business [6] - Focus on AI chatbot development, with plans to optimize and upgrade MY AI FRIEND features and integrate AI chatbots into social networking protocols [10][11] - Localized operations and R&D of self-developed core technologies are key to global expansion [11] Management Commentary on Operating Environment and Future Outlook - The company remains committed to innovation and global positioning, with a focus on improving operating efficiency [12][13] - Regulatory environment in the live-streaming sector has seen stricter standards, prompting the company to reinforce compliance management [22][23] Other Important Information - The company launched themed activities and special sessions to enhance interaction in the audio-centric community [9] - MY AI FRIEND chatbot was upgraded to provide a more tailored AI-enabled chat experience, with plans to further optimize voice functions [10][11] Q&A Session Summary Question: Monetization scale of overseas products and regulatory environment changes [20] - Overseas monetization is in the early stages, with subscription models being tested and optimized based on user feedback [21] - Regulatory efforts in the live-streaming sector have strengthened, leading to stricter compliance management [22][23] Question: Progress and outlook for overseas business [25] - Overseas business is steadily developing, with a focus on user experience optimization and function upgrades [26] - Monetization models are being optimized, and investments in localized operations and marketing will continue [27]