HONG KONG, Aug. 6, 2021 /PRNewswire/ -- CLPS Incorporation
(Nasdaq: CLPS) ("CLPS" or "the Company"), today released a
letter to shareholders from the Chairman of the Company's Board of
Directors (the "Board"), the full text of which is provided below.
All CLPS shareholders are encouraged to read it.
Dear Shareholders,
Headquartered in Hong Kong,
CLPS is an information technology services provider dedicated to
serving the global IT market demand. I would like to share and
highlight the following information about CLPS in light of the
recent market news:
- CLPS complies and remains transparent with its corporate
governance. CLPS is neither structured as a variable interest
entity (VIE) nor involved in any transaction as such;
- CLPS has been actively conducting non-profit talent training
programs in cooperation with universities in China and globally to develop more financial
IT talents;
- CLPS sees to it that its business client's confidentiality
clause is strictly adhered to including data protection to avoid
any cybersecurity risk.
CLPS ramps up its global expansion strategy to broaden its
overseas footprint. For the six months ended December 31, 2020, CLPS reported a 53.9% increase
in revenue generated outside of Mainland China, to $6.6 million compared to the prior year period.
In addition, we are actively building up our overseas partnerships.
We signed a strategic cooperation framework agreement with Tongdun
International Pte. Ltd. to jointly promote commercial financial
software and solutions in Southeast Asian market. We also extended
our partnership with Yonyou (Hong
Kong) Company Limited to offer enterprise cloud-based
products and services to the overseas market.
Our mergers and acquisitions momentum continued at strong pace
to further enhance our solution delivery capabilities. On
July 26, 2021, CLPS set up LinkCrypto
Finance Technology Limited ("LinkCrypto"), its first joint venture
company that focuses on blockchain technology. CLPS and Columbus
Century Development Co., Pte. Ltd. hold 55% and 45% equity stake in
LinkCrypto, respectively. Under the joint venture, both parties
will jointly develop and upgrade blockchain-based solutions for
financial institutions. Through strategic cooperation, CLPS holds
53.33% equity stake in one of the wholly-owned subsidiaries of
Minshang Creative Technology Holdings Limited, a Hong Kong listed company, to launch a next
generation loan trading software in Hong
Kong and Southeast Asia region. CLPS also invested
15% equity stake in Beijing UniDev Software Co., Ltd.,
a Beijing-based IT services and solutions provider.
On top of our excellent corporate governance and competitive
advantage, we will continue to pursue our endeavor of sustainable
and profitable growth as vehicles for bringing long term values to
our shareholders.
On behalf of the CLPS family, I would like to thank our
employees, partners, and shareholders for the unwavering support
and confidence to CLPS.
With sincerity and determination,
Xiao Feng Yang
Chairman of the Board
CLPS Incorporation
About CLPS Incorporation
Headquartered in Hong Kong, CLPS Incorporation (the
"Company") (Nasdaq: CLPS) is a global leading information
technology ("IT") consulting and solutions service provider
focusing on the banking, insurance, and financial service sectors.
The Company serves as an IT solutions provider to a growing network
of clients in the global financial service industry, including
large financial institutions in the
US, Europe, Australia, Southeast Asia and Hong
Kong SAR, and their PRC-based IT centers. The Company maintains 19
delivery and/or research & development centers to serve
different customers in various geographic locations.
Mainland China centers are located
in Shanghai, Beijing, Dalian, Tianjin,
Baoding, Xi'an,
Chengdu, Guangzhou, Shenzhen, Hangzhou,
and Hainan. The remaining eight global centers are located in
Hong Kong SAR, USA,
UK, Japan, Singapore, Malaysia, Australia,
and India. For further information regarding the Company,
please visit: https://ir.clpsglobal.com/, or follow
CLPS on Facebook, LinkedIn,
and Twitter.
Forward-Looking Statements
Certain of the statements made in this press release are
"forward-looking statements" within the meaning and protections of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements include statements with respect to the
Company's beliefs, plans, objectives, goals, expectations,
anticipations, assumptions, estimates, intentions, and future
performance. Known and unknown risks, uncertainties and other
factors, which may be beyond the Company's control, may cause the
actual results and performance of the Company to be materially
different from such forward-looking statements. All such statements
attributable to us are expressly qualified in their entirety by
this cautionary notice, including, without limitation, those risks
and uncertainties related to the Company's expectations of the
Company's future growth, performance and results of operations, the
Company's ability to capitalize on various commercial, M&A,
technology and other related opportunities and initiatives, as well
as the risks and uncertainties described in the Company's most
recently filed SEC reports and filings. Such reports are available
upon request from the Company, or from the Securities and Exchange
Commission, including through the SEC's Internet website
at http://www.sec.gov. We have no obligation and do not
undertake to update, revise or correct any of the forward-looking
statements after the date hereof, or after the respective dates on
which any such statements otherwise are made.
Contact:
CLPS Incorporation
Rhon Galicha
Investor Relations Office
Phone: +86-182-2192-5378
Email: ir@clpsglobal.com
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SOURCE CLPS