ATIF Holdings Limited Signs Strategic Cooperation for IPOEX Online Financial Consulting Platform with Dexin Dahua Asset Manag...
September 14 2020 - 8:00AM
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 the 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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