LZMH News & Events

LZ Technology announced that it has entered into a head of terms with Red Dune Capital. Under this partnership, the parties will jointly establish LZ Technology's regional headquarters in the Middle East and North Africa region and accelerate the commercialization of the Company's smart access control systems, smart-community solutions, and Internet of Things digital infrastructure technologies across the region. This partnership marks the official launch of LZ Technology's global second growth curve and represents a significant milestone in the Company's strategy to scale its urban digital-infrastructure ecosystem internationally. Through this collaboration, LZ Technology plans to replicate in MENA the successful business model it built in China, forming a full-scale operational platform in the region-including but not limited to smart access control, community-service digitalization, and integrated business-service ecosystems.

LZ Technology issued the following letter from the Company's CEO to its employees and shareholders. "We have evolved into an integrated platform that connects communities, digital media, local lifestyle services, e-commerce, and travel, reshaping how communities and commerce interact at scale. Our FY2024 results clearly demonstrate the strength of this transformation: Total Revenue reached RMB 823 million, representing a year-over-year growth of 44.6%, driven by robust business momentum. Local Life - Retail Sales revenue surged 122.7% year-over-year to RMB 273 million, accounting for 33.2% of total revenue-up significantly from the previous year. Looking ahead, we will continue to expand investment in our high-growth verticals-e-commerce and travel-leveraging our established community reach and traffic advantages to build a synergistic and sustainable business ecosystem."

LZ Technology announced it has entered into a non-binding memorandum of understanding, MOU, with MBH Investments, MBH, to evaluate a potential joint venture in the United Arab Emirates. Subject to results in the UAE, the parties may assess broader Middle East opportunities. As part of the MOU, with the help of MBH, the parties will launch a structured pilot initiative, led by MBH's designated local operating company, to validate product-market fit, ensure regulatory compliance, and fine-tune system integration in real-world property settings. The initial pilot cohort is expected to include a number of representative communities across residential, mixed-use and office settings in Dubai, with property-manager participation and measured resident onboarding. "We're moving forward with a structured pilot program with MBH to localize and validate our smart-community platform for the UAE," said Theo Zhang, CEO of LZ Technology. "With MBH's relationships and operating experience-and Dubai's scale and innovation infrastructure-we see a clear path from pilot validation to large scale deployment across residential and mixed-use assets."