Mobile Podcasting Firm Lizhi Rebrands as Sound Group, Changes Ticker Symbol
Sound Group, 1/25/24
Chinese audio-centric social and entertainment company Lizhi Inc. (Nasdaq: LIZI) today announced that its shareholders had officially approved a special resolution to rename the company as Sound Group.
As previously announced, the company will also change the ticker symbol of its American depositary shares listed on the Nasdaq Capital Market from "LIZI" to "SOGP." The American depositary shares of the company, each representing 200 Class A ordinary shares, par value USD 0.0001 per share, will commence trading under the new ticker symbol at the market opening on January 25, 2024.
"Our new corporate name and ticker symbol embody our mission and vision: building the world's largest audio platform to better connect and communicate," said Lai Jinnan (Marco Lai), Founder and CEO of Sound Group.
The name and ticker symbol changes 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.
Keywords: Lizhi FM Sound Group SOGP Marco Lai wireless branding
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