New York, NY – April 13, 2021 – Ortoli Rosenstadt LLP, a New York full-service international law firm, today announced that it represented Kingswood Capital Markets, a division of Benchmark Investments, Inc., as exclusive placement agent in a registered direct offering of 3,685,504 of the Company’s American Depositary Shares (the “ADSs”) and warrants to purchase up to 2,764,128 ADSs of LIZHI INC. (Nasdaq: LIZI), a leading online UGC audio community and interactive audio entertainment platform in China. The gross proceeds of the offering were approximately $30 million.

The securities described above were offered pursuant to a shelf registration statement on Form F-3 (File No.: 333-254782) which was filed with the U.S. Securities and Exchange Commission on March 26, 2021 and declared effective on April 2, 2021.

The Ortoli Rosenstadt LLP team included Partners William Rosenstadt and Jason Ye, Counsels Yarona Yieh and Tim Dockery, and Associate Grace Bai.