Market Overview

Deutsche Bank appointed as Depositary Bank for the sponsored American Depositary Receipt program of LAIX Inc.


Deutsche Bank announced today its appointment as Depositary Bank for
NYSE-listed American Depositary Receipt Program of LAIX Inc.

LAIX Inc. (NYSE:LAIX) is an artificial intelligence (AI) company in
China that creates and delivers products and services to popularize
English learning. LAIX's proprietary AI teacher utilizes cutting-edge
deep learning and adaptive learning technologies, big data,
well-established education methods and the mobile internet.*

"We are very pleased to have been appointed as depositary bank for
LAIX's ADR program," said Brian Studdert, Global Head of Depositary
Receipts at Deutsche Bank. "As such, we look forward to providing
dedicated support and excellent client service to help drive the
program's future success."

In addition to specializing in administering cross-border equity
structures such as New York Shares, American and Global Depositary
Receipts, Deutsche Bank provides corporates, financial institutions,
hedge funds and supranational agencies around the world with trustee,
agency, escrow and related services. The Bank offers a very broad range
of services for diverse products, from complex securitizations and
project finance to syndicated loans, debt exchanges and restructurings.

* Source: LAIX Inc. (October 2018)

Depositary Receipt Information
Country   China (Cayman Islands incorporated)
Custodian Bank Deutsche Bank AG, Hong Kong Branch
Effective Date October 1, 2018
CUSIP 50736W 105
ISIN US50736W1053
Symbol LAIX
Exchange NYSE
Current Ratio 1 ADR : 1 Ordinary Share
Eligibility DTC
Depositary Receipt Contacts
Head of Depositary Receipts New Business
Brian Studdert William Ng
Tel: +1 212 250 4774 Tel: +852 2203 7889

Markets Distribution

Tel: +44 (0) 20 7547 6500

New York
Tel: +1 212 250 9100
Hong Kong
Tel: +852 2203 7854

Deutsche Bank provides commercial and investment banking, retail
banking, transaction banking and asset and wealth management products
and services to corporations, governments, institutional investors,
small and medium-sized businesses, and private individuals. Deutsche
Bank is Germany's leading bank, with a strong position in Europe and a
significant presence in the Americas and Asia Pacific.

The Depositary Receipts have been registered pursuant to the US
Securities Act of 1933 (the "Act"). The investment or investment service
which is the subject of this notice is not available to retail clients
as defined by the UK Financial Conduct Authority. This notice has been
approved and/or communicated by Deutsche Bank AG New York. The services
described in this notice are provided by Deutsche Bank Trust Company
Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in
accordance with appropriate local registration and regulation. Deutsche
Bank is providing the attached notice strictly for information purposes
and makes no claims or statement, nor does it warrant or in any way
represent, as to the accuracy or completeness of the details contained
herein or therein. This announcement appears as a matter of record only.
Neither this announcement nor the information contained herein
constitutes an offer or solicitation by Deutsche Bank or any other
issuer or entity for the purchase or sale of any securities nor does it
constitute a solicitation to any person in any jurisdiction where
solicitation would be unlawful. No part of this notice may be copied or
reproduced in any way without the prior written consent of Deutsche
Bank. Past results are not an indication of future performance.
Copyright© October 2018 Deutsche Bank AG. All rights reserved.

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