Document:

EX-10.6

 Exhibit 10.6 

Amended and Restated Agreement of Exclusive Technical 

Consulting and Management Service Agreement 

This Amended and Restated Agreement of Exclusive Technical Consulting and Management Service Agreement (hereinafter referred to as
“this Agreement”) was entered into by the following two parties on 9 June 2017: 
  

	(1)	 Beijing Hongyi Yichuang Information Technology Co., Ltd., a wholly foreign-owned enterprise duly incorporated
and validly subsisting under the laws of the People’s Republic of China (hereinafter referred to as “PRC”), whose registered address is Room 8140, Building 3, No. 3 Xijing Road, Badachu High-tech Park, Shijingshan
District, Beijing City (hereinafter referred to as “Party A”); and 

  

	(2)	 Guangzhou Lizhi Network Technology Co., Ltd., a company with limited liability duly incorporated and validly
subsisting under the PRC laws, whose registered address is self-numbered 3-07A, No. 309 Huangpu Avenue Middle, Tianhe District, Guangzhou City (hereinafter referred to as “Party B”).

 Whereas: 
  

	1.	 Party A is a wholly foreign-owned enterprise duly incorporated and validly subsisting in the PRC and engaging
in development and research, design and technical consulting for computer software and hardware, network technology, communication technologies and products. 

  

	2.	 The two parties agree that Party A shall be the exclusive provider of technical consulting and management
services to Party B, and Party B agrees to accept the technical consulting and services provided by Party A. 

 Therefore, Party A and
Party B arrive at the following agreement upon negotiation: 
  

	1.	 Exclusive technical consulting and management services 

 

	 	1.1	 Party B agrees that during the validity period of this Agreement, Party A shall provide Party B with the
technical consulting and management services set out in Annex I hereto as the exclusive provider of technical consulting and relevant management services to Party B. Party B also agrees that unless with Party A’s prior written consent, within
the validity period of this Agreement, Party B shall not accept any technical consulting and relevant management services provided by any third party in relation to the aforesaid business. 

	 	1.2	 During the validity period of this Agreement, Party B shall, after confirming the technical support required to
be provided by Party A, submit the request to Party A within a reasonable period, and Party A shall, after receipt of such request, complete the required technical work within the period agreed upon by the two parties and submit the completed
technical support to Party B in a manner agreed upon by the two parties. 

  

	 	1.3	 Party A shall be exclusively and solely entitled to the intellectual property rights arising from the
performance of this Agreement, including but not limited to any technology and software, regardless of whether it is independently developed by Party A or developed by Party B based on Party A’s intellectual property rights or by Party A based
on Party B’s intellectual property rights, and Party B shall not make any claims against Party A for any rights, ownership, interests and intellectual property rights. 

 

	 	1.4	 If Party A’s development is based on Party B’s intellectual property rights, Party B shall warrant
that such intellectual property rights are free from any defects; otherwise, Party B shall be liable for any losses of Party A arising therefrom. 

  

	2.	 Calculation and payment of technical consulting and service fees 

 

	 	2.1	 Service fees: The two parties agree that Party A shall provide Party B with the services specified herein
within the validity period of this Agreement, and the service fees payable by Party B shall be determined and paid in a manner specified in Annex II Calculation and Payment Methods for Service Fees. 

 

	 	2.2	 Party A shall be entitled to appoint its employees or CPAs from the PRC or any other country (hereinafter
referred to as “Party A’s authorized representatives”) to verify Party B’s accounts for the purpose of reviewing the calculation method and amount of the service fees, provided that it is solely liable for the audit fees.
Accordingly, Party B shall provide Party A’s authorized representatives with the documents, accounts, records and data, etc. required by Party A’s authorized representatives to facilitate the review of Party B’s accounts and
determination of the amount of services fees by Party A’s authorized representatives. The amount of services fees shall be subject to the amount determined by Party A’s authorized representatives. Party A shall be entitled to issue a fee
note to Party B at any time after its authorized representatives issue the audit report, requiring Party B to pay the outstanding service fees. Party B shall make such payment within seven workdays after receipt of the fee note.

	3.	 Representations and warranties 

 

	 	3.1	 Party A hereby represents and warrants as follows: 

 

	 	3.2.1	 Party A is a company duly registered and lawfully subsisting under the PRC laws with healthy operating records.

  

	 	3.2.2	 Party A’s services do not run counter to any governing laws, regulations or governmental policies.

  

	 	3.2.3	 Party A’s signing and performance of this Agreement is within its corporate capacity and the scope of its
business operations. Party A has taken necessary corporate actions, has been given with due powers, and will not violate any restrictions in the laws and contracts that are binding or have influence thereupon. This Agreement shall, upon signing,
constitute Party A’s legal, valid and binding obligations and shall be enforceable against Party A in accordance with the terms hereof. 

  

	 	3.2	 Party B hereby represents and warrants as follows: 

 

	 	3.1.1	 Party B is a company duly registered and lawfully subsisting under the PRC laws with healthy operating records.

  

	 	3.1.2	 Party B’s signing and performance of this Agreement is within its corporate capacity and the scope of its
business operations. Party B has taken necessary corporate actions, has been given with due powers, and will not violate any restrictions in the laws and contracts that are binding or have influence thereupon. This Agreement shall, upon signing,
constitute Party B’s legal, valid and binding obligations and shall be enforceable against Party B in accordance with the terms hereof. 

	4.	 Intellectual property rights and confidentiality 

 

	 	4.1	 Party B agrees that it shall make every effort possible to keep confidential Party A’s secret data and
information (hereinafter referred to as “confidential information”) by various reasonable measures; and moreover, Party B shall, upon Party A’s request, return to Party A or destroy any documents, data or software containing
confidential information, delete any confidential information from any relevant memory devices, and stop using such confidential information. Without Party A’s written consent, Party B shall not disclose, give or transfer such confidential
information to any third party. 

  

	 	4.2	 Confidential information refers to any forms of business secrets, proprietary information and other data and
information belonging to Party A or its customers, clients, consultants, sub-licensees or affiliated enterprises and held by Party A in a confidential manner. Confidential information includes but is not
limited to computer software, Party A’s online catalogue, business plans and ideas, product development, invention, service design, creative design, pictures, texts, audios, videos, multimedia information, customer data, market information,
financial information, scientific information as well as any and all intellectual property rights or industrial property rights owned by Party A, and also includes other information deemed or taken as confidential by Party A or any of its customers,
clients, consultants, sub-licensees or affiliated enterprises. Notwithstanding the above provisions, confidential information does not include the information that the associated companies disclose to the
public in an unrestricted manner or that becomes widely known to the public for other reason. 

  

	 	4.3	 The two parties agree that these terms shall survive any change to, and rescission or termination of this
Agreement. 

  

	 	4.4	 Party B promises that it shall compensate Party A for any economic losses arising from its breach of the
aforesaid terms. 

  

	5.	 Compensations 

 

	 	5.1	 Unless otherwise specified herein, Party B shall be deemed as having breached this Agreement if it fails to
fully perform, or suspends performance of its obligations hereunder and does not take any corrective actions within 30 days after receipt of the notice from the other party, or its representations and warranties are not true. 

	 	5.2	 Party B shall be completely liable for any compensation claim made by any person due to Party B’s failure
to follow Party A’s instructions, or Party B’s misuse of Party A’s intellectual property rights or improper technical operations. If Party B finds any person using Party A’s intellectual property rights without legal
authorization, Party B shall immediately notify Party A and provide cooperation for any actions taken by Party A. 

  

	 	5.3	 Party A shall compensate Party B for and hold Party B harmless from any resulting losses, damages, obligations
and expenses from any lawsuits, claims or other requirements against Party B arising from or caused by the service contents provided by Party A. 

  

	 	5.4	 Party B shall compensate Party A for and hold Party A harmless from any resulting losses, damages, obligations
and expenses from any lawsuits, claims or other requirements against Party A arising from or caused by the request contents proposed by Party B. 

  

	 	5.5	 If Party B fails to duly pay Party A the service fees as per the time and method agreed upon by the two
parties, Party B shall pay Party A a forfeit equivalent to 0.05% of the outstanding amount set out in the Annex Calculation and Payment Methods for Service Fees for each day of delay. 

 

	6.	 Entry into force 

 

	 	6.1	 This Agreement shall be signed and entered into force on the date of agreement first written above. The term of
this Agreement shall be 10 years, unless Party A rescinds this Agreement prematurely. If, before expiry of this Agreement, Party A proposes relevant requirement, the two parties to this Agreement shall extend the validity period of this Agreement as
required by Party A to continue performing this Agreement, or sign a separate exclusive technical consulting and management service agreement upon Party A’s requirement. 

	 	6.2	 This Agreement and Annexes thereof and transaction documents are complete agreements concluded by respective
parties for the agreed matters to supersede any oral or written exchange opinions or suggestions previously made by respective parties, including but not limited to the Exclusive Technical Consulting and Management Service Agreement signed by
and between Party A, Party B and other parties on 30 March 2011. 

  

	7.	 Termination 

  

	 	7.1	 Within the validity period of this Agreement, Party B shall not prematurely terminate this Agreement;
otherwise, Party B shall compensate Party A for all the losses arising therefrom and pay relevant service fees for the completed services. Party A shall be entitled to terminate this Agreement at any time with a 30 days’ prior written notice to
Party B. 

  

	 	7.2	 Terms after termination: After termination of this Agreement, the rights and obligations of the two parties
under Articles 4, 5 and 8 shall remain valid. 

  

	8.	 Governing laws and settlement of disputes 

 

	 	8.1	 The execution, effectiveness, interpretation and performance of this Agreement shall be governed by the PRC
laws. 

  

	 	8.2	 Any disputes between the two parties on the interpretation and performance of terms hereunder shall be settled
by the two parties through good faith negotiation. Should the negotiation fail, either party may refer such dispute to the Guangzhou Arbitration Commission for arbitration in accordance with the prevailing arbitration rules. The arbitration shall be
conducted in Chinese. The arbitration award shall be final and binding on the two parties. 

  

	9.	 Force majeure 

 

	 	9.1	 If the performance of this Agreement is delayed or hindered due to any “force majeure”, the party
affected by the force majeure is not required to bear any liability hereunder only for the part whose performance is delayed or hindered. “Force majeure” refers to any events which are beyond the reasonable control of either party and are
still inevitable with the reasonable attention of the affected party, including but not limited to government act, natural force, fire, explosion, geographical change, windstorm, flood, earthquake, tide, lightning or war. However, inadequate credit,
funds or financing shall not be deemed as events beyond the reasonable control of either party. Either party seeking exemption from performing the responsibilities under this Agreement or any terms hereof due to the impact of “force
majeure” shall notify the other party of such exemption from responsibilities and the steps to be taken to complete the performance of such responsibilities as soon as possible. 

	 	9.2	 Either party affected by the force majeure is not required to bear any liability hereunder in this regard, but
only when the affected party makes every reasonable and practicable effort to perform this Agreement may the party seeking exemption from responsibilities be exempted from performing such responsibilities only to the extent of the performance
delayed or hindered. Once the causes for such exemption from responsibilities are corrected and remedied, the parties agree to make utmost efforts to restore the performance of this Agreement. 

 

	10.	 Transfer of this Agreement 

 

	 	10.1	 Party B shall not transfer its due rights and obligations hereunder to any third party, unless with Party
A’s prior written consent. 

  

	 	10.2	 Party A may transfer its due rights and obligations hereunder to its affiliated enterprises. For the purpose of
this Agreement, the aforesaid affiliated enterprises refer to the enterprises controlled by or controlling Party A, or simultaneously under the control of a third party together with Party A. For the purpose of this Article, control refers to the
influence that an enterprise has to directly or indirectly determine and/or control the business management of another enterprise, regardless of whether such influence is formed by holding the equity in the controlled enterprise or by the agreement
with the controlled enterprise. Party A shall notify Party B in writing of the aforesaid transfer at least 20 days in advance. 

  

	11.	 Severability of this Agreement 

If any terms hereunder disagree with relevant laws and therefore become invalid or unenforceable, such terms shall be deemed as invalid within
the jurisdiction of relevant laws and shall not affect the legal force of other terms hereof. 

	12.	 Amendment and supplement to this Agreement 

The two parties may make amendments, supplements and extensions to this Agreement in the form of written agreement. Relevant amended and
supplementary agreements of this Agreement duly signed by the two parties shall constitute an integral part of this Agreement and shall have the same legal force as this Agreement. 

 

	13.	 This Agreement shall be executed in two counterparts with equal legal force, with one held by either party.

 In view of this, the two parties have prompted their authorized representatives to execute this Agreement on the date first written
above. 
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 [This page, containing no text, is the signature page] 

Party A 
 Beijing Hongyi Yichuang Information Technology Co.,
Ltd. 
 (Seal) /s/ Seal of Beijing Hongyi Yichuang Information Technology Co., Ltd. 

			
		
	Signature:	 	/s/ Ding Ning
	Name:	 	Ding Ning
	Position:	 	Legal representative

 Party B 
 Guangzhou Lizhi
Network Technology Co., Ltd. 
 (Seal) /s/ Seal of Guangzhou Lizhi Network Technology Co., Ltd. 

			
		
	Signature:	 	/s/ Lai Jinnan
	Name:	 	Lai Jinnan 
	Position:	 	Legal representative

 [Signature Page of Amended and Restated Agreement of Exclusive Technical Consulting and Management Service
Agreement] 

 Annex I 

Technical Consulting and Service Content Agreement 

Annex I 

 Annex II 

Calculation and Payment Methods for Service FeesEX-10.7

 Exhibit 10.7 

The Second Amended and Restated Agreement of Business Operation Agreement 

This Second Amended and Restated Agreement of Business Operation Agreement (hereinafter referred to as “this Agreement”) was
signed by the following parties (hereinafter referred to as “Parties to this Agreement”) on June 20, 2019: 
  

	(1)	 Beijing Hongyi Yichuang Information Technology Co., Ltd., a company with limited liability duly incorporated
and validly subsisting under the laws of the People’s Republic of China (PRC) (solely funded by Taiwan, Hong Kong or Macao legal person), whose registered address is Rooms 1501, 1502 and 1503, 15/F, Building 2, No. 26 Chengtong Street,
Shijingshan District, Beijing City (hereinafter referred to as “Party A”); 

  

	(2)	 Guangzhou Lizhi Network Technology Co., Ltd., a company with limited liability duly incorporated and validly
subsisting under the PRC laws, whose registered address is self-numbered 3-07A, No. 309 Huangpu Avenue, Tianhe District, Guangzhou City (hereinafter referred to as “Party B”); and

  

	(3)	 Lai Jinnan, PRC citizen; 

 

	(4)	 Ding Ning, PRC citizen; 

 

	(5)	 Zhuhai Dayin Ruoxi Enterprise Management Center (LLP), a limited partnership duly incorporated and validly
subsisting under the PRC laws, whose registered address is 2/F, No. 76, Santang Village, Hengqin New Area, Zhuhai City (together with Lai Jinnan and Ding Ning, referred to as “Party C”). 

Whereas: 
  

	1.	 Party A and Party B have established a business relation through conclusion of the Amended and Restated
Agreement of Exclusive Technical Consulting and Management Service Agreement and other agreements; Party B shall pay various monies to Party A under such agreements, and therefore, Party B’s daily operation will have substantive impact on
Party A’s ability to pay corresponding monies; and 

  

	2.	 Party C is a shareholder of Party B and holds a total of 100% equity in Party B; 

the Parties to this Agreement, upon friendly negotiation and in the spirit of equality and mutual benefit, hereby arrive at the following
agreement: 
  

	1.	 Obligations of omission 

To ensure that Party B will perform the agreements signed with Party A and bear the obligations to Party A, Party C hereby confirms, agrees and
undertakes that save with the prior written consent of Party A or other parties designated by Party A, Party B will not conduct any transactions which may have substantive or adverse impact on assets, businesses, employees, obligations, rights or
operations of the Company, including but not limited to the following contents: 
  

	 	1.1	 carrying out any activities exceeding normal operations of the Company; 

  
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	 	1.2	 borrowing monies from any third parties or bearing any debts; 

 

	 	1.3	 replacing or removing any directors of the Company or changing any senior management members of the Company;

  

	 	1.4	 selling assets or rights to any third parties or acquiring the same from any third parties, including but not
limited to any intellectual property rights; 

  

	 	1.5	 providing guarantees to any third parties with its assets or intellectual property rights, or providing
guarantees in any other form, or setting any encumbrances on assets of the Company; 

  

	 	1.6	 amending the Articles of Association or changing the Company’s business scope; 

 

	 	1.7	 changing the Company’s normal business processes or amending any important internal rules and regulations
of the Company; and 

  

	 	1.8	 transferring the rights and obligations under this Agreement to any third parties. 

 

	2.	 Business management and personnel arrangement 

 

	 	2.1	 Party B and Party C hereby agree to accept and strictly implement the advice on the appointment and dismissal
of the Company’s employees, the daily business management of the Company and financial management system of the Company provided by Party A from time to time. 

 

	 	2.2	 Party B and Party C hereby agree that Party C will elect the personnel designated by Party A as the directors
of Party B according to the procedures stipulated by laws and regulations and the Articles of Association, and undertake that such directors elected will elect chairman of the Company based on the personnel recommended by Party A and appoint the
personnel designated by Party A as the general manager, chief financial officer and other senior management members. 

  
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	 	2.3	 The above directors or senior management members designated by Party A who leave Party A (regardless of
resignation or dismissal by Party A) will be disqualified for holding any positions in Party B. In this case, Party C will elect other personnel otherwise designated by Party A to hold such positions. 

 

	 	2.4	 For the purpose of the aforesaid Article 2.3, Party C will adopt all necessary internal and external procedures
of the Company to complete the aforesaid dismissal and appointment procedures pursuant to laws, the Articles of Association and this Agreement. 

  

	 	2.5	 Party C hereby agrees to execute an irrevocable proxy form for voting when this Agreement is concluded,
according to which Party C will irrevocably authorize the personnel designated by Party A to exercise the shareholders’ rights by proxy and exercise all the shareholders’ voting rights entitled to shareholders at the shareholders’
meeting in Party B. Party C will further agree to replace the authorized personnel designated in the proxy form for voting as required by Party A at any time. 

 

	3.	 Other agreements 

 

	 	3.1	 In the event of the termination or expiry of any agreement between Party A and Party B, Party A shall have the
right to decide on whether to terminate all the agreements between the two parties, including but not limited to the Amended and Restated Agreement of Exclusive Technical Consulting and Management Service Agreement. 

 

	 	3.2	 Given that Party A and Party B have established a business relation through conclusion of the Amended and
Restated Agreement of Exclusive Technical Consulting and Management Service Agreement and other agreements and Party B’s daily operation will have substantive impact on Party A’s ability to pay corresponding monies, Party C agrees that
any bonus, dividend or any other gain or interest (regardless of the specific form) it receives from Party B as Party B’s shareholder shall be unconditionally paid or transferred immediately to Party A when they are realized.

  

	4.	 Entire agreement and amendment to this Agreement 

 

	 	4.1	 This Agreement and all the agreements and/or documents mentioned or explicitly included in this Agreement shall
constitute the entire agreement concluded by the respective parties on the underlying issues of this Agreement, and shall supersede all the previous oral and written agreements, contracts, understandings and communications on the underlying issues
of this Agreement. 

  
 3 

	 	4.2	 Any amendment to this Agreement shall be valid upon signing by the respective parties in writing. Relevant
amended and supplementary agreements of this Agreement duly signed by the respective parties shall constitute an integral part of this Agreement and shall have the same legal force as this Agreement. 

 

	5.	 Governing laws 

The conclusion, validity, performance and interpretation of this Agreement and settlement of disputes shall be governed by and interpreted
pursuant to PRC laws. 
  

	6.	 Settlement of disputes 

 

	 	6.1	 Any dispute between the Parties to this Agreement about the interpretation and performance of the terms
hereunder shall be settled by the respective parties through good faith negotiation. Should the negotiation fail, either party may refer such dispute to the Guangzhou Arbitration Commission for arbitration in accordance with its arbitration rules in
effective at that time. The arbitration shall be conducted in Chinese. The arbitration award shall be final and binding on the respective parties. 

  

	 	6.2	 The respective parties shall continue fulfilling their obligations hereunder in good faith, except issues under
dispute. 

  

	7.	 Notice 

Notices issued by the Parties to this Agreement for fulfilling the rights and obligations hereunder shall be made in writing and sent to the
address of the other party or parties by personal delivery, registered mail, prepaid mail or other accepted express services. 
  

	8.	 Validity and term of this Agreement and miscellaneous 

 

	 	8.1	 Party A’s written consent, advice, designation and other decisions which have material impact on Party
B’s daily operation involved in this Agreement shall be made by the board of directors of Party A. 

  

	 	8.2	 This Agreement and appendixes thereof and transaction documents are complete agreements concluded by respective
parties for the agreed matters to supersede any oral or written exchange opinions or suggestions previously made by respective parties. 

  
 4 

	 	8.3	 This Agreement shall be signed by respective parties and entered into force on the date of agreement first
written above. The term of this Agreement shall be 10 years, unless Party A rescinds this Agreement prematurely. If, before expiry of this Agreement, Party A proposes relevant requirement, Parties to this Agreement shall extend the validity period
of this Agreement as required by Party A to continue performing this Agreement, or sign a separate business operation agreement upon Party A’s requirement. 

 

	 	8.4	 Within the validity period of this Agreement, Party B and Party C shall not prematurely terminate this
Agreement. Party A shall be entitled to terminate this Agreement at any time with a written notice to Party B and Party C. 

  

	 	8.5	 Any term and provision of this Agreement deemed as illegal or unenforceable due to governing laws shall be
deemed as deleted from this Agreement and invalid, but other terms of this Agreement shall still apply and be deemed as never containing such term as from the very beginning. The respective parties shall replace the term deemed deleted with the
lawful and valid terms accepted by the respective parties upon consulting with each other. 

  

	 	8.6	 Either party’s failure to exercise any right, authority or privilege under this Agreement shall not
constitute its waiver of the said right, authority or privilege, and either party’s individual or partial exercising of any right, authority or privilege shall not exclude its exercising of any other right, authority or privilege.

 In view of this, the authorized representatives of respective parties have signed this Agreement on the date first
written above. 
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 [This page, containing no text, is the signature page] 

 

									
	Beijing Hongyi Yichuang Information Technology Co., Ltd. (Seal)	 		 	Guangzhou Lizhi Network Technology Co., Ltd. (Seal)
			
	/s/ Seal of Beijing Hongyi Yichuang Information Technology Co., Ltd.	 		 	/s/ Seal of Guangzhou Lizhi Network Technology Co., Ltd.
					
	Signature:	 	 /s/ Ding Ning
	 		 	Signature:	 	 /s/ Ding Ning

	Name:	 	Ding Ning	 		 	Name:	 	Ding Ning
	Position:	 	Legal representative	 		 	Position:	 	Legal representative

  

									
	Lai Jinnan	 		 	Ding Ning
					
	Signature:	 	 /s/ Lai Jinnan
	 		 	Signature:	 	 /s/ Ding Ning

 

			
	 Zhuhai Dayin Ruoxi Enterprise

Management Center (LLP)

	
	 /s/ Seal of Zhuhai Dayin Ruoxi Enterprise

Management Center (LLP)

		
	Signature:	 	/s/ Lai Jinnan
	Name:	 	Lai Jinnan 
	Position:	 	Executive partner

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