HUZHOU CITY, China, March 11, 2025 — LZ Technology Holdings Limited (NASDAQ: LZMH), a technology and advertising firm, announced today that the underwriters of its initial public offering have fully exercised their over-allotment option. This involves purchasing an additional 270,000 Class B ordinary shares at the IPO price of US$4.00 each, generating extra gross proceeds of $1,080,000. Following the full exercise of the over-allotment option, the total number of Class B ordinary shares sold by the Company in the IPO has risen to 2,070,000, with gross proceeds increasing to approximately US$8.28 million, before accounting for underwriter discounts and other expenses. The option closed on March 11, 2025. The Class B ordinary shares commenced trading on the Nasdaq Capital Market on February 27, 2025, under the ticker “LZMH.”

Benjamin Securities, Inc. and D. Boral Capital LLC served as underwriters for the offering. Bevilacqua PLLC was the U.S. securities counsel to the Company, while Hunter Taubman Fischer & Li LLC acted in the same capacity for the Underwriters in connection with the offering.

A registration statement on Form F-1 (File No. 333-276234) related to the offering, as amended, was filed with the SEC and declared effective on February 26, 2025. The offering was conducted solely through a prospectus, which is part of the registration statement. These documents are available for free on the SEC’s EDGAR website at www.sec.gov. Alternatively, copies of the final prospectus can be obtained from Benjamin Securities, Inc. via email at info@benjaminsecurities.com, by mail to 3 West Garden Street, Suite 407, Pensacola, FL 32502, or by phone at +1 (516) 931-1090; or from D. Boral Capital LLC by mail to D. Boral Capital LLC, 590 Madison Ave 39th Floor, New York, NY 10022, or by email at info@dboralcapital.com, or by phone at +1(212)-970-5150.

This press release is not an offer to sell or a solicitation of an offer to buy securities, nor shall any sale of these securities occur in any jurisdiction where such offer, solicitation, or sale would be unlawful before registration or qualification under the securities laws of that jurisdiction.

About LZ Technology Holdings Limited
LZ Technology Holdings Limited is an IT and advertising company that operates through its subsidiaries in China. The Company focuses on three key areas: Smart Community, Out-of-Home Advertising, and Local Life. Its Smart Community services offer intelligent access control and safety management systems, implemented in numerous residential communities throughout China. The Out-of-Home Advertising division provides multi-channel advertising solutions via a large network of monitors in approximately 120 Chinese cities, with ad placements on access control screens, SaaS platforms, and third-party advertising spaces. The Local Life segment connects businesses and consumers through online promotions, social media marketing, and retail sales of various products and services. LZ Technology aims to deliver high-quality services to communities and businesses.

Forward-Looking Statements

Certain statements within this press release qualify as “forward-looking statements” under federal securities laws. These statements involve both known and unknown risks and uncertainties and are based on the Company’s current expectations and forecasts regarding future events that the Company anticipates may impact its financial condition, operating results, business strategy, and financial requirements. Investors can often identify these statements through the use of terms like “believe,” “plan,” “expect,” “intend,” “should,” “seek,” “estimate,” “will,” “aim,” and “anticipate,” or similar expressions. The Company is not obligated to update or publicly revise any forward-looking statements to reflect subsequent events or changes in expectations, except as legally required. While the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot guarantee their accuracy and advises investors that actual results may differ significantly from anticipated results. Investors are encouraged to review other factors that could affect the Company’s future performance, as detailed in its registration statement and other filings with the SEC.

For further information, please contact:

Michael Wu
Investor Relations
LZ Technology Holdings Limited
michael@lzmh.co

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