ATIF Holdings Limited Forms Strategic Cooperation with Shenyang City’s Wenzhou Chamber of Commerce on IPOEX Online Financia...
September 17 2020 - 8:00AM
ATIF Holdings Limited (Nasdaq: ATIF, the “Company”), a company
providing business consulting and multimedia services in Asia,
announced that through its viable interest entity, Qianhai Asia
Times (Shenzhen) International Finance Services Co. Ltd., on
September 11 it has reached a strategic cooperation with Shenyang
City’s Wenzhou Chamber of Commerce (“SYWCC”) regarding its recently
launched internet financial consulting service platform
IPOEX.com (“IPOEX”) to seek in-depth collaboration in order to
provide relevant services for companies founded by Wenzhou
businessmen in Shenyang, as well as for Wenzhou companies’
subsidiaries based in Shenyang.
Pursuant to the strategic cooperation agreement
dated on September 11, 2020, SYWCC will serve as IPOEX’s valuable
partner, providing a unique channel for IPOEX to attract corporate
clients operating in diversified industries to register as members
on the IPOEX. IPOEX will offer a variety of online and offline
consulting services for clients including, but not limited to,
education on global financial system, fundraising advisory, project
incubation, initial public offering-related advising etc.
Mr. Jinlin Cai, Chief Secretary of SYWCC, said,
“We look forward to working with ATIF. Through this collaboration,
we hope the systematic financial knowledge and professional
membership services provided by IPOEX can help fill up the gap
existed in the limited understanding of our member companies about
global capital market, so that to assist them realize sustainable
development via capital.”
Mr. Pishan Chi, CEO of ATIF said, “We are
delighted to reach strategic collaboration with SYWCC, following
the sign-up of IPOEX’s cooperation with investment institution
Dexin Dahua. SYWCC has accumulated rich enterprise resources,
co-established over thousands of companies in Shenyang, ranging
from auto parts, mechanical manufacturing and real estate
industries. We believe through our intimate cooperation, we are
able to provide comprehensive financial and IPO consulting services
for local companies, to assist them to make debuts on global
capital markets.”
About Shenyang City’s Wenzhou Chamber of
Commerce The SYWCC was set up in 1999, it plays an important
role in attracting commerce, discipline industries, protecting
commercial rights, coordination and communication among its member
companies. Its mission is to help promote the development of the
member enterprises in Liaoning Province and Shenyang region. Its
member companies also play a great role in driving up Liaoning’s
economic growth. Locally it helped establish thousands of
companies, in electronics, apparel, auto parts, mechanical
manufacturing, printing and real estate industries. So far the
total amount of investments the SYWCC helped attract into Shenyang
amounted to over RMB 100 billion, creating over 200,000 jobs, in
all making a positive impact on stimulating local economic growth
in Shenyang.
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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