ATIF-1 Hedge Fund Receives US$1 Million Subscription from ATIF's Chairman of The Board

Rhea-AI Summary

ATIF Holdings Limited (Nasdaq: ATIF) announced a US$1 million subscription to its newly launched ATIF-1 Hedge Fund from Chairman Jun Liu, reflecting confidence in the fund's management and investment potential. The company, headquartered in Los Angeles, focuses on providing business and financial consulting, particularly IPO Advisory Services for small and medium-sized enterprises in Asia and North America. The fund aims to deliver significant returns for investors.

Positive

• Jun Liu's US$1 million investment demonstrates strong confidence in the ATIF-1 Hedge Fund.
• The launch of ATIF-1 Hedge Fund introduces new investment opportunities.

Negative

• None.

LOS ANGELES, June 24, 2021 /PRNewswire/ -- ATIF Holdings Limited (Nasdaq: ATIF), a holding group providing business and financial consulting in Asia and North America, announced that its newly launched ATIF-1 Hedge Fund has received US$1 million subscription through President and Chairman of the Board, Jun Liu's investment. The subscription is a firm expression of Liu Jun's support and endorsement of the fund's management team and his belief that ATIF-1 Hedge Fund will provide investors with substantial returns in the future.

About ATIF Holdings Limited

Headquartered in Los Angeles, California, ATIF Holdings Limited ("ATIF") is a holding group with asset management, investment holding and online financial information business with overseas business centers in Hong Kong and Shenzhen, China to support its global services. ATIF mainly provides IPO Advisory Services to small and medium-sized enterprises in Asia and North America. ATIF also operates an internet-based financial information service platform IPOEX.com, which provides prestige membership services including market information, pre-IPO education, IR media 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. ATIF Inc. completed the filing of ATIF-1, L.P. with SEC in Q1 2021, and formally launched securities investment service and investment advisory in Q2 2021. 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/.

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 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.

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SOURCE ATIF Holdings Limited

FAQ

What is the recent subscription amount for ATIF-1 Hedge Fund?

ATIF-1 Hedge Fund recently received a subscription of US$1 million.

Who invested in the ATIF-1 Hedge Fund?

Jun Liu, President and Chairman of the Board, invested in the ATIF-1 Hedge Fund.

What services does ATIF provide?

ATIF provides business and financial consulting services, mainly focused on IPO advisory for SMEs.

When was ATIF-1 Hedge Fund launched?

The ATIF-1 Hedge Fund was formally launched in Q2 2021.

What is ATIF's stock symbol?

ATIF's stock symbol is ATIF, listed on Nasdaq.