HUZHOU CITY, China, Feb. 28, 2025 — LZ Technology Holdings Limited (NASDAQ: LZMH) (“LZ Technology” or the “Company”), a technology and advertising firm, announced today the completion of its initial public offering of 1,800,000 Class B ordinary shares, with a par value of $0.000025 each. The shares were offered at a public price of $4.00 apiece. The IPO generated approximately $7.2 million in gross proceeds before deducting underwriting discounts and other related expenses. The Company’s Class B Ordinary Shares commenced trading on the Nasdaq Capital Market on February 27, 2025, under the ticker symbol “LZMH.”

The underwriters have also been granted the option to purchase up to 270,000 additional Class B Ordinary Shares within 45 days, less underwriting discounts. LZ Technology plans to allocate the net proceeds from the offering to research and development, international expansion, strategic acquisitions, marketing initiatives, and working capital.

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

A registration statement on Form F-1 (File No. 333-276234) related to the offering, including amendments, was filed with the U.S. Securities and Exchange Commission (the “SEC”) and declared effective on February 26, 2025. The offering was conducted solely through a prospectus, which is part of the registration statement. The prospectus is available for free on the SEC’s EDGAR website at www.sec.gov. Alternatively, final prospectus copies can be obtained from Benjamin Securities, Inc. via email at info@benjaminsecurities.com, by mail at 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 at D. Boral Capital LLC, 590 Madison Ave 39th Floor, New York, NY 10022, via 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 a technology and advertising company that operates through its subsidiaries in China. The Company focuses on three primary areas: Smart Community, Out-of-Home Advertising, and Local Life. The Smart Community division provides intelligent access control and safety management systems implemented in thousands of Chinese residential communities. The Out-of-Home Advertising division delivers multi-channel advertising solutions using a broad network of monitors across roughly 120 cities in China, including ad placements on access control screens, SaaS platforms, and third-party advertising spaces. The Local Life division connects businesses and consumers through online promotions, social media marketing, and retail sales of various products and services. LZ Technology is dedicated to delivering high-quality services to communities and businesses.

Forward-Looking Statements

This press release contains “forward-looking statements” as defined by federal securities laws, including statements regarding the Company’s intended use of proceeds from the share offering. These statements are subject to known and unknown risks and uncertainties and are based on current expectations and projections concerning future events that may impact the Company’s financial condition, operating results, business strategy, and financial needs. These statements can often be identified by the use of terms such as “believe,” “plan,” “expect,” “intend,” “should,” “seek,” “estimate,” “will,” “aim,” and “anticipate,” or similar expressions. The Company is not obligated to update or revise any forward-looking statements to reflect new events, circumstances, or changes in expectations, except as required by law. While the Company believes these forward-looking statements are reasonable, it cannot guarantee their accuracy and advises investors that actual results may differ materially. Investors are encouraged to review the Company’s registration statement and other SEC filings for further information on factors that could affect future results.

For further information, please contact:

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

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