Sound Group Inc. Commences Trading Under New NASDAQ Ticker

SINGAPORE, Jan. 26, 2024 -- In a recent shift within the investment landscape, Sound Group Inc. ("Sound Group" or the "Company"), known for its significant presence in the audio-centric social and entertainment sector on a global scale, has officially initiated trading of its American depositary shares under a new ticker symbol on the renowned NASDAQ stock exchange. This strategic move marks a pivotal moment for the company as it propels forward in its growth trajectory, positioning itself within the competitive marketplace.

Introduction of New Trading Symbol

The company's American depositary shares, each representing two hundred (200) Class A ordinary shares, have commenced trading with the NASDAQ symbol SOGP, echoing the company's dynamic rebranding efforts and its commitment to amplification of shareholder value. This restructured identity is anticipated to usher in a new era for Sound Group, as it aims to capitalize on its robust foundations within the audio entertainment domain.

Lizhi Inc. - A Parallel in the Audio Space

In a related context, Lizhi Inc., bearing the NASDAQ symbol LIZI, offers a glimpse into the potential trajectory that Sound Group might emulate. With its roots planted firmly in online user-generated content and interactive audio entertainment, and its operational spread across China and the United States, Lizhi Inc. exemplifies the transformative potential within this burgeoning sector. Headquartered in Guangzhou of the People's Republic of China, Lizhi Inc.’s success is a testament to the vitality and growth possibilities inherent in such tech-centric entities.

Implications for Investors

With this transition, Sound Group Inc. invites the investor community to recalibrate their portfolios, possibly considering the inclusion of SOGP in their investment strategies. Sound Group's intertwined relationship with next-generation audio technologies and social engagement platforms is reflective of a wider industry trend, showcasing the untapped opportunities within the convergence of entertainment and technology.

SoundGroup, NASDAQ, Investment