Represents an Important Step in Ensuring Stability for
Chinese Companies Listed in the U.S.
IRVINE,
Calif., Aug. 31, 2022 /PRNewswire/ -- ATIF
Holdings Limited (Nasdaq: ATIF) (the "Company," "ATIF" or
"We"), a holding company providing business and financial
consulting services in Asia and
North America, applauds the recent
agreement between the Public Company Accounting Oversight Board
(PCAOB) and China authorities
relating to public company audit cooperation of Chinese companies
that maintain a listing on a U.S. exchange. The agreement was
signed by the PCAOB, the China Securities Regulatory Commission and
China's Ministry of Finance.
According to stockanalysis, there are currently more than 250
Chinese companies listed on U.S. exchanges, with a current market
value over $1 trillion dollars.
Jun Liu, President,
Chairman of the Board, and CEO of ATIF, commented, "We applaud the
efforts from both the U.S. and China to engage in this important dialogue and
negotiate an agreement. This has been a major overhang for more
than ten years for Chinese companies considering listings in the
U.S. At ATIF, we have a unique perspective on this market as an
issuer, as an advisor, and as an investor. I hope this agreement
will lead to greater opportunities for Chinese companies to explore
going public in the U.S. and will build greater confidence from
investors in Chinese companies."
ATIF's IPO Advisory Services works with small and medium-sized
enterprises, provides a robust team of experts to facilitate the
public listing process and provide access to the capital markets
throughout the world, including the U.S. Thus far in 2022, ATIF's
IPO Advisory Services has engaged iDea Electronics,
Solarever Ltd., Armstrong Logistic
Inc., Massimo Motor Sports, LLC, and a
technology innovation company based in Hangzhou, China.
About ATIF Holdings Limited
ATIF Holdings Limited ("ATIF") is a holding group with business
consulting, asset management, and investment businesses, with
offices in Los Angeles,
California, Hong Kong, and
Shenzhen, China. ATIF mainly
provides IPO Advisory Services to small and medium-sized
enterprises in Asia and
North America. ATIF has advised
several enterprises in China in
their plans to become publicly listed in the United States. ATIF was awarded the "Top
10 Best Listed Companies 2019" from the "Golden Bauhinia Award,"
the highest award in Hong Kong's
financial and securities industry. For more information, please
visit https://ir.atifchina.com/.
To learn more about IPOEX, our financial services platform,
please visit: https://www.ipoex.com/
For more information about NFTDPO, our NFT service division,
please visit https://nftdpo.com/.
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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 obtain additional financing in
the future to fund capital expenditures; ability to attract new
clients, complete projects for 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; the
occurrence of any event, change or other circumstances that could
affect the Company's ability to continue successful development and
launch of its NFT collection; the possibility that the Company may
not succeed in developing its NFT platform and business due to,
among other things, changes in the business environment,
competition, changes in governmental regulation, or other economic
and policy factors; the ability of the Company to continue
compliance with the development of applicable regulatory
regulations in connection with blockchain, digital assets and the
NFT industry; the possibility that the Company's ongoing NFT
services may be adversely affected by other economic, business,
and/or competitive factors; 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.
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SOURCE ATIF Holdings Limited