Sound Group issues letter to shareholders

Sound Group issued a letter to shareholders from its founder and Chief Executive Officer, Marco Lai. “Despite persistent external challenges in 2023, we remain firmly committed to the Company’s long-term trajectory… Throughout 2023, global expansion remains our pivotal strategic objective. Toward this goal, we’ve delved deep into core markets across diverse regions, committed to building a distinctive moat of audio communication capabilities and bolstering product capabilities through the effective implementation of differentiated product strategies and in-house research and development of advanced technologies… As we step into 2024, we are poised to propel the Company’s globalization strategy with a fresh perspective. I am delighted to announce that last week, as approved at our shareholders’ meeting, the name of the Company has officially changed from LIZHI INC. to Sound Group… We believe that sound represents one of the most organic and natural channels of human communication. In the AI era, we strive to craft technology with a human touch, faithfully capturing the essence of humankind’s natural communication. Turbocharged by the evolution of audio technologies, human-machine interactions will become ever more spontaneous and intuitive…. In this dynamic new era, we are privileged to share in and embrace this transformation alongside you. Sound Group Inc. remains committed to augmenting shareholder value and propelling the application and advancement of audio technologies globally. We look forward to shaping a brighter future together with you.”