SHENZHEN, China, Sept. 14,
2020 /PRNewswire/ -- ATIF Holdings Limited (Nasdaq: ATIF, the
"Company"), a company providing business consulting and multimedia
services in Asia, today announced
that through its viable interest entity, Qianhai Asia Times
(Shenzhen) International Finance
Services Co. Ltd., it signed a
strategic cooperation agreement ("Agreement") with Shenzhen-based Dexin Dahua Asset Management
Co. Ltd. ("Dexin Dahua") on September 11, 2020. ATIF and Dexin Dahua
will seek in-depth collaboration via ATIF's recently launched online financial
consulting service platform IPOEX.com ("IPOEX").
Pursuant to the Agreement, Dexin Dahua will serve as a channel
for IPOEX to introduce and bring in different types of enterprises
that could register as free and paid members on IPOEX. IPOEX shall
provide all-encompassing consulting in corporate financing, initial
public offerings and other project incubation services both online
and offline. Dexin Dahua will also join as an institutional
investor on IPOEX, to provide capital and fundraising-related
services for member companies.
Mr. Feng Cao, Managing Director
of Dexin Dahua, said, "We look forward to working with ATIF in
terms of IPOEX. Dexin Dahua aims to provide financing services for
high-quality target companies, whereas IPOEX is a very professional
platform serving pre-IPO companies. We are able to jointly serve
more of such enterprises ahead of their initial public offerings
via our in-depth collaboration, to help clients build up effective
financing channels and achieve their dual goals of enterprise value
enhancement and business growth."
CEO of ATIF, Mr. Pishan Chi, commented, "We are very pleased to
reach the strategic collaboration with Dexin Dahua. Dexin Dahua
with years of experience operating in the industry, has profound
enterprise resources and managed assets of over RMB10 billion, which are invested in high-quality
companies that need growth capital. Through the seamless
collaboration between Dexin Dahua and ATIF, we aim to provide more
comprehensive and top-quality services to our members, which we
believe will boost sustainable growth for both of us from the
synergies that combine IPOEX's professional services, unique
business model and clear development strategies with Dexin Dahua's
strength in enterprise resources and strong capital resources. "
About Dexin Dahua Asset Management Co. Ltd.
Shenzhen Dexin Dahua Asset Management Co. Ltd. is engaged in
providing investment and consulting services for high-tech, public
and new economy companies, including such services as fundraising,
merger and acquisition, restructuring and IPO, namely a one-stop
all-encompassing portal for high-growth corporate clients. Dexin
Dahua has profound industry expertise with strong in-house capital
investing in high-quality target companies needing growth funds and
aiming for public market debuts. Dexin Dahua now manages assets
over RMB 10 billion. The industries
under Dexin Dahua's coverage include finance, high-tech, wine,
consumer spending, cross border e-commerce, sunglasses etc. Its
listed clients include Sangfor, Infinova, Avcon, F&D
Technology, Inovance etc., as well as several industry leaders with
RMB 1 billion annual sales.
About ATIF Holdings Limited
Headquartered in Shenzhen, China, ATIF Holdings
Limited ("ATIF") is a company providing business consulting
services to small and medium-sized enterprises in Asia,
including going public consulting services, international business
planning and consulting services, and financial media
services. ATIF has advised several enterprises
in China in their plans to become publicly listed in
the U.S. Through its majority-owned
subsidiary, Leaping Group Co., Ltd., ATIF also
provides multimedia services and is engaged in three major
businesses, including multi-channel advertising, event planning and
execution, film and TV program production and movie theater
operations. ATIF operates the largest pre-movie
advertising network in Heilongjiang
Province and Liaoning
Province of China and also provides advertising
services in elevators and supermarkets. ATIF is often
hired to plan both online and offline advertising campaigns and to
produce related advertising material. In
addition, ATIF invests in films and TV programs and
distributes them in movie theaters or through online
platforms. ATIF is also one of majority shareholders
of AeroCentury Corp. (NYSE American: ACY) which is an
independent global aircraft operating lessor and finance company
specializing in leasing regional jet and turboprop aircraft and
related engines to airlines and commercial users
worldwide. For more information, please
visit https://ir.atifchina.com/.
Forward-Looking Statements
Certain statements made in this release are "forward looking
statements" within the meaning of the "safe harbor" provisions of
the United States Private Securities Litigation Reform Act of 1995.
When used in this press release, the words "estimates,"
"projected," "expects," "anticipates," "forecasts," "plans,"
"intends," "believes," "seeks," "may," "will," "should," "future,"
"propose" and variations of these words or similar expressions (or
the negative versions of such words or expressions) are intended to
identify forward-looking statements. These forward-looking
statements are not guarantee of future performance,
conditions or results, and involve a number of known and unknown
risks, uncertainties, assumptions and other important factors, many
of which are outside the Company's control, that could cause actual
results or outcomes to differ materially from those discussed in
the forward-looking statements. Important factors, among others,
are: future financial and operating results, including revenues,
income, expenditures, cash balances and other financial items;
ability to manage growth and expansion; current and future economic
and political conditions; ability to compete in an
industry with low barriers to entry; ability to continue to operate
through our VIE structure; ability to obtain additional financing
in the future to fund capital expenditures; ability to attract new
clients and further enhance brand recognition; ability to hire and
retain qualified management personnel and key employees; trends and
competition in the financial consulting services industry; a
pandemic or epidemic; and other factors listed in the Company's
annual report on Form 20-F and other documents filed with
the Securities and Exchange Commission. The Company undertakes
no obligation to update forward-looking statements to reflect
subsequent occurring events or circumstances, or changes in its
expectations, except as may be required by law. Although the
Company believes that the expectations expressed in these
forward-looking statements are reasonable, it cannot assure you
that such expectations will turn out to be correct, and the Company
cautions you that actual results may differ materially from the
anticipated results expressed or implied by the forward-looking
statements we make. You should not rely upon forward-looking
statements as predictions of future events. Forward-looking
statements represent our management's beliefs and assumptions only
as of the date such statements are made. These forward-looking
statements are made as of the date of this news release.
For more information, please contact Investor Relations at:
EverGreen Consulting Inc.
Janice Wang
+86-13811768559
+1-908-510-2351
IR@changqingconsulting.com
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SOURCE ATIF Holdings Limited