ATIF Holdings Limited Signs Strategic Collaboration with the Industry and Information Technology Bureau of Dongshan County in...
October 15 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 collaboration agreement on October 11, 2020 with
the Industry and Information Technology Bureau of Dongshan County
in Fujian Province (“Dongshan IITB”), to target the Dongshan-based
enterprises as potential clients for the Company, for its financial
consulting and overseas listing advisory services.
Based on the strategic collaboration, Dongshan
IITB will be responsible for organizing financial forums, salons
and exchange activities for the local enterprises to connect with
ATIF. ATIF will provide its professional services such as
investment and financing consulting, connection of investment
institutions and overseas listing advisory to the companies
selected by Dongshan IITB.
Mr. Zhiyuan Ye, Deputy Director of Dongshan IITB
commented, “Hopefully this strategic collaboration can provide
opportunities for local enterprises in various industries to learn
more about international financing and capital market, and we also
believe the professional services from ATIF will enable the
selected companies to further their business development with
better capital planning and management.”
Mr. Pishan Chi, CEO of the Company
commented, “We look forward to collaborating with Dongshan
IITB and to serving the local enterprises. Dongshan County
government has implemented policy to support local innovative
hi-tech enterprises and such initiatives have been working very
well. With the rapid development of the local businesses in
Dongshan and the efficient policy support of the government, we are
confident that we will be able to assist more emerging enterprises
in Dongshan County to obtain overseas listing and/or
financing.”
About ATIF Holdings
LimitedHeadquartered 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 operates an internet-based
financial consulting service platform IPOEX.com, which provides
prestige membership services including online capital market
information, pre-IPO education and matchmaking services between
SMEs and financing institutions. 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 StatementsCertain
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.
Contact Person : Janice Wang
Cell Number: +86 13811768559
Email: jwang@changqingconsulting.com
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