 SHANGHAI, Aug. 17, 2021 PRNewswire -- LAIX Inc. LAIX or the Company NYSE: LAIX, an artificial intelligence AI company in China that creates and delivers products and services to popularize English learning, today announced that the special committee the Special Committee of the Companys board of directors has retained Houlihan Lokey China Limited as its financial advisor and Kirkland Ellis as its U.S. legal counsel in connection with its review and evaluation of the previously announced non-binding going private proposal from Dr. Yi Wang, co-founder, chairman of the Board and chief executive officer of the Company, Mr. Zheren Hu, co-founder, director and chief technology officer of the Company, Dr. Hui Lin, co-founder, director and chief scientist of the Company, and PCIL IV Limited collectively, the Buyer Group that the Board received on August 4, 2021 the Transaction. 