HONG KONG, Nov. 23, 2021 /PRNewswire/ -- CLPS
Incorporation (Nasdaq: CLPS) ("CLPS" or "the Company"), announced
today that its Board of Directors has approved the plan of its
majority-owned subsidiary, JAJI (Shanghai) Co., Ltd.("JAJI"), to apply for
listing on the National Equities Exchange and Quotations ("NEEQ")
and directing towards public offering at the Beijing Stock Exchange
("BSE") upon acceptance. The number of shares to be offered and the
price range for the proposed offering is yet to be determined.
With relatively independent business operation, JAJI is an IT
consulting and solution services provider that covers various
technology-driven industries including but not limited to
securities, automotive and education, enabling corporate clients
achieve their growth and improved business. JAJI has been engaged
with in-demand technologies such as big data, artificial
intelligence (AI), blockchain, cloud computing, robotic process
automation (RPA), and Internet of Things (IoT), among others. It
successfully delivered IT services involving user portrait,
intelligent manufacturing, financial credit investigation and
automated decision-making. JAJI's revenue accounted for
approximately 5.4% of the total revenue of CLPS in the fiscal year
2021.
Hua Ying Securities Co., Ltd. will be acting as the financial
advisor, lead broker, consultant, sponsor and lead underwriter of
JAJI's listing and public offering on the NEEQ and BSE,
respectively. The offering of this security will be made only by
means of a prospectus at the time of listing. JAJI is expected to
be listed on the NEEQ by fourth quarter of 2022.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of any
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of such state or
jurisdiction.
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,
Japan, Singapore, Malaysia, Australia, India, and the
Philippines. 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
Email: ir@clpsglobal.com
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SOURCE CLPS