ATLANTA, GA – – (Newsfile Corp. – January 21, 2021) – – Holzer & Holzer, LLC announces that a class action lawsuit has been filed on behalf of investors who purchased Lizhi, Inc. (“Lizhi” or the “Company”) (NASDAQ: LIZI) securities traceable to the Company’s January 17, 2020 initial public offering (the “IPO”). The complaint alleges defendants made false and/or misleading statements and/or failed to disclose that: (1) at the time of the IPO, the coronavirus was already spreading in China, the home base, principal market, and significant hub for Lizhi, its employees, and its customers; (2) the complications associated with the coronavirus were already negatively affecting Lizhi’s business; (3) prior to the IPO, Lizhi employees and customers complained of, and to, Lizhi, which harmed the Company’s reputation and financial condition and prospects; and (4) as a result, the Company’s public statements were materially false and misleading at all relevant times. If you purchased shares of Lizhi securities traceable to the January 17, 2020 IPO and suffered significant losses on that investment, you are encouraged to contact Marshall P. Dees, Esq. at firstname.lastname@example.org or Luke R. Kennedy, Esq. at email@example.com, or through www.holzerlaw.com to discuss your legal rights.