HONG KONG, Aug. 18, 2020 /PRNewswire/ -- CLPS Incorporation
(Nasdaq: CLPS) ("CLPS" or "the Company"), today announced its
strategic investment in Guangdong Huaqin Zhichuang Software
Technology Co., Ltd. ("HQZC"), an IT services and solutions
provider. CLPS invested RMB 1 million
and has taken 10% ownership stake in HQZC through its wholly owned
subsidiary, ChinaLink Professional Services Co., Ltd.
Established in July 2020, HQZC's
business provides IT services and solutions for clients in industry
verticals such as semiconductor, telecommunication, Internet of
Things (IoT), Internet, mobile video, and applications, among
others. Based on a comprehensive evaluation of HQZC's market size,
growth potential, and business edge, CLPS has decided to invest in
HQZC, aiming to expand its business and industry reach.
Mr. Raymond Lin, Chief Executive Officer of CLPS, said,
"Global trends in development and innovation within our focused
industries -- semiconductor, telecommunications, IoT, Internet, and
mobile video, among others underscore strong demand for IT services
and solutions. As a leader in digital transformation, CLPS is
well-equipped to understand and capitalize on this demand. Our
investment in HQZC aims to further expand CLPS's business in other
industry verticals, in both domestic and overseas markets. It also
advances our diversification strategy and competitive advantage in
target industries where we have the greatest expertise."
About CLPS Incorporation
Headquartered in Hong Kong,
CLPS Incorporation (the "Company") (Nasdaq: CLPS) is a global
leading information technology ("IT") consulting and solutions
service provider focusing on the banking, insurance, and financial
service sectors. The Company serves as an IT solutions provider to
a growing network of clients in the global financial service
industry, including large financial institutions in the US,
Europe, Australia, and Hong Kong SAR, and their
PRC-based IT centers. The Company maintains 18 delivery and/or
research & development centers to serve different customers in
various geographic locations. Mainland China centers are located in Shanghai, Beijing, Dalian, Tianjin, Baoding, Chengdu, Guangzhou, Shenzhen, Hangzhou, and Suzhou. The remaining eight
global centers are located in Hong Kong SAR, USA, UK, Japan, Singapore, Malaysia, Australia, and India. For further information regarding the
Company, please visit: http://ir.clpsglobal.com/, or
follow CLPS on Facebook, LinkedIn,
and Twitter.
Forward-Looking Statements
Certain of the statements made in this press release are
"forward-looking statements" within the meaning and protections of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements include statements with respect to the
Company's beliefs, plans, objectives, goals, expectations,
anticipations, assumptions, estimates, intentions, and future
performance. Known and unknown risks, uncertainties and other
factors, which may be beyond the Company's control, may cause the
actual results and performance of the Company to be materially
different from such forward-looking statements. All such statements
attributable to us are expressly qualified in their entirety by
this cautionary notice, including, without limitation, those risks
and uncertainties related to the Company's expectations of the
Company's future growth, performance and results of operations, the
Company's ability to capitalize on various commercial, M&A,
technology and other related opportunities and initiatives, as well
as the risks and uncertainties described in the Company's most
recently filed SEC reports and filings. Such reports are available
upon request from the Company, or from the Securities and Exchange
Commission, including through the SEC's Internet website
at http://www.sec.gov. We have no obligation and do not
undertake to update, revise or correct any of the forward-looking
statements after the date hereof, or after the respective dates on
which any such statements otherwise are made.
Contact:
CLPS Incorporation
Rhon Galicha
Investor Relations Office
Phone: +86-182-2192-5378
Email: ir@clpsglobal.com
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SOURCE CLPS