LOS ANGELES, Calif., Jan.
12, 2021 /PRNewswire/ -- ATIF
Holdings Limited (Nasdaq: ATIF, the "Group", "ATIF" or "we"),
a company providing business consulting and media services in
Asia and North America, announces the client of the
Group, a China-based
pharmaceutical and chemical products manufacturer, Qilian
International Holding Group Limited (Nasdaq: QLI, "Qilian"),
whose ordinary shares have been approved for listing on the Nasdaq
Global Market and has commenced trading on January 12, 2021.
Qilian announced the pricing of its initial public offering
("Offering") of 5,000,000 ordinary shares at a public offering
price of US$5.00 per share on
January 12, 2021. Qilian expects to
receive aggregate gross proceeds of US$25
million from this Offering, before deducting underwriting
discounts and other related expenses. In addition, Qilian has
granted the underwriters a 45-day option to purchase up to an
additional 750,000 ordinary shares at the public offering price,
less underwriting discounts. The Offering is expected to close on
or about January 14, 2021, subject to
the satisfaction of customary closing conditions.
About Qilian International Holding Group
Limited
Qilian International Holding Group Limited,
headquartered in Gansu, China, is
a pharmaceutical and chemical products manufacturer in China. It focuses on the development,
manufacture, marketing and sale of licorice products,
oxytetracycline products, traditional Chinese medicine derivatives
product, heparin product, sausage casings, and fertilizers. The
Company's products are sold in more than 20 provinces in
China. For more information, visit
the company's website at http://ir.qlsyy.net.
About ATIF Holdings Limited
Headquartered in Los
Angeles, California, ATIF Holdings Limited ("ATIF") is a
holding group with asset management, investment holding and media
services sectors and provide business consulting services to small
and medium-sized enterprises in Asia and North America,
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. 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.
View original
content:http://www.prnewswire.com/news-releases/atif-holdings-limited-announces-its-client-listing-on-the-nasdaq-global-market-on-january-12-2021-301206586.html
SOURCE ATIF Holdings Limited