HONG KONG, Dec. 22, 2021 /PRNewswire/ -- CLPS
Incorporation (Nasdaq: CLPS) ("CLPS" or "the Company"),
announced today that its majority-owned subsidiary, JAJI
(Shanghai) Co., Ltd. ("JAJI"), has
entered into a strategic cooperation agreement (the "Agreement")
with Beijing Yusys Technologies Co., Ltd. ("Yusys Technologies",
300674.SZ). Both parties will jointly conduct fintech-based
initiatives including product promotion, project delivery and IT
personnel training.
Headquartered in Beijing, Yusys
Technologies is an A-share company listed on the Shenzhen Stock
Exchange. It provides fintech services and products such as IT
consulting and planning, software products, solutions and
implementation, operation, maintenance and testing, system
integration and business operation for financial institutions.
Under the Agreement, both parties intend to capitalize each
other's competitive advantage in fintech to optimize and eventually
achieve the cooperation's goals. JAJI's capability in providing
comprehensive training programs tailored to IT talents will be
integrated to complement Yusys Technologies' business model.
Leveraging the high-quality overseas resources of its parent
company, CLPS, JAJI also plans to provide business development and
marketing support to Yusys Technologies' fintech products and
services in overseas market. Meanwhile, Yusys Technologies can make
use of and promote JAJI's well-established IT consulting services
subject to the demand for domestic projects. Both parties also
agreed to remain open to capital partnership opportunity, including
but not limited to the establishment of domestic and foreign joint
ventures that will pave the way for business expansion.
Mr. Oscar Yuan, General Manager of JAJI, said, "Yusys
Technologies' credit management system, asset management platform
and data products maintain high market share in the domestic
fintech industry. By exploring and sharing information on each
other's products and services, this cooperation will mutually
benefit both in complementing each other's advantages to further
expand the global fintech services market and business."
Mr. Raymond Lin, Chief Executive Officer of CLPS,
said, "We are very honored to enter into a strategic
cooperation with Yusys Technologies. Interactions with leading
companies in the industry not only help us to enhance our
competitiveness in the fintech services market, but also give us
confidence in the future development of JAJI on its way to entering
the capital market."
Mr. Zhongcheng Ouyang, Chief Executive Officer of Yusys
Technologies, said, "In the recent years, Yusys Technologies is
committed to delivering top-notch financial information software
products conformed to overseas market. We are confident that our
cooperation with CLPS, through JAJI's vast international sales
network and localization delivery team, we will be able to diverge
and expand our overseas market footprint. Meanwhile, JAJI has
previously announced its IPO plan on the National Equities
Exchange and Quotations and the Beijing Stock Exchange, which
reflects its upward momentum for future development. Lastly,
through the Belt and Road Initiative, our strategic cooperation
with JAJI will enable both parties to export China's financial digital products to global
market."
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
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SOURCE CLPS