LAIX Inc. Particular Committee Retains Monetary Advisor and Authorized Counsel

Aug 24, 2021 12:43 PM ET

Authorized Newswire POWERED BY LAW.COM

LAIX Inc., a synthetic intelligence (AI) firm in China that creates and delivers services and products to popularize English studying, immediately introduced that the particular committee (the “Particular Committee”) of the Firm’s board of administrators has retained Houlihan Lokey (China) Restricted as its monetary advisor and Kirkland & Ellis as its U.S. authorized counsel in reference to its evaluate and analysis of the beforehand introduced non-binding “going personal” proposal from Dr. Yi Wang, co-founder, chairman of the Board and chief government officer of the Firm, Mr. Zheren Hu, co-founder, director and chief expertise officer of the Firm, Dr. Hui Lin, co-founder, director and chief scientist of the Firm, and PCIL IV Restricted (collectively, the “Purchaser Group”) that the Board acquired on August 4, 2021 (the “Transaction”).

The Board cautions the Firm’s shareholders and others contemplating buying and selling the Firm’s securities that the Particular Committee is continuous its analysis of the Transaction and different strategic options of the Firm and that, right now, no choices have been made by the Particular Committee with respect to the Firm’s response to the Transaction.  There will be no assurance that any definitive provide will likely be made by the Purchaser Group, that any settlement will likely be executed with the Purchaser Group or that the Transaction or any comparable transaction will likely be authorized or consummated.  The Firm doesn’t undertake any obligation to supply any updates with respect to the Transaction or another transaction, besides as required underneath relevant regulation.

About LAIX

LAIX Inc. (“LAIX” or the “Firm”) is a synthetic intelligence (AI) firm in China that creates and delivers services and products to popularize English studying. Its proprietary AI instructor makes use of cutting-edge deep studying and adaptive studying applied sciences, huge information, well-established schooling pedagogies and the cellular web. LAIX believes its revolutionary method basically transforms studying. LAIX gives its services and products on demand through its cellular apps, primarily its flagship “English Liulishuo” cellular app launched in 2013. On the Firm’s platform, AI applied sciences are seamlessly built-in with numerous studying content material incorporating well-established language studying pedagogies, gamified options and robust social components to ship a fascinating, adaptive studying expertise. LAIX gives a wide range of programs impressed by a broad vary of subjects and tradition themes to make English studying extra attention-grabbing and is dedicated to providing a enjoyable, interactive studying setting to inspire and interact its customers.

For extra data, please go to: http://ir.laix.com.

For investor and media inquiries, please contact:

LAIX Inc.
Jiazhuo Zheng
Investor Relations
E-mail: [email protected]

The Piacente Group Investor Relations
Brandi Piacente
Tel: +1-212-481-2050
E-mail: [email protected]

Emilie Wu
Tel: +86-21-6039-8363
E-mail: [email protected]

URL :
http://ir.laix.com.

Contact Data:

LAIX Inc.
Jiazhuo Zheng
Investor Relations
E-mail: ir@laix.com

Tags: Wire, Authorized Newswire, United States, English