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LIZHI, an audio-based social and entertainment company, has officially launched the voice chatbot “Xiao Zhi” on the Company’s interactive audio entertainment platform, the LIZHI App. The voice chatbot is powered by natural language processing (NLP) technology and intelligent voice technology, and is equipped with Automatic Speech Recognition (ASR) technology to identify and convert vocal input into text. Xiao Zhi is designed to provide users with an intelligent and fun voice chat experience.