ATIF Holdings Limited Enters into Strategic Cooperation with Shenzhen Huiju Innovation Park Operation Co., Ltd.

Rhea-AI Summary

ATIF Holdings Limited (Nasdaq: ATIF) has signed a Strategic Cooperation Agreement with Shenzhen Huiju Innovation Park to target technology-based enterprises for financial consulting and overseas listing advisory services. Huiju Innovation Park will facilitate financial forums and activities to connect resident companies with ATIF. This partnership aims to assist emerging companies in Shenzhen in obtaining overseas financing and listings, aligning with the Park's mission to support quality companies in growth.

Positive

• Strategic partnership with Huiju Innovation Park could enhance client acquisition.
• Access to over 50% of technology-based enterprises in the 107 Innovation Park.
• Alignment with the goals of Huiju Innovation Park to support rapid and sustainable growth.

Negative

• None.

SHENZHEN, China, Nov. 30, 2020 /PRNewswire/ -- ATIF Holdings Limited (Nasdaq: ATIF, the "Company"), a company providing business consulting and multimedia services in Asia and North America, today announced that through its viable interest entity, Qianhai Asia Times (Shenzhen) International Finance Services Co. Ltd., recently it signed a Strategic Cooperation Agreement with Shenzhen Huiju Innovation Park Operation Co., Ltd ("Huiju Innovation Park"), to target the technology-based enterprises as potential clients for the Company, for its financial consulting and overseas listing advisory services.

Based on the strategic cooperation, Huiju Innovation Park will be responsible for organizing financial forums, salons and exchange activities for the resident companies of Huiju Xinqiao 107 Innovation Park ("107 Innovation Park"), which is operated by Huiju Innovation Park, to connect with ATIF. ATIF will provide its professional services such as investment and financing consulting, connection of investment institutions and overseas listing advisory to the potential clients in 107 Innovation Park.

Mr. Pishan Chi, CEO of the Company commented, "We look forward to cooperating with Huiju Innovation Park and to serving technology-based enterprises. 107 Innovation Park is one of the 73 municipal business incubation bases recognized by the Shenzhen Municipal Government, with more than 50% of technology-based enterprises settled in the park. 107 Innovation Park's mission is to help quality companies grow quickly and sustainably, which is in line with our service philosophy. Therefore, we are confident that we will be able to assist more emerging technology-based enterprises in Shenzhen to obtain overseas listing and/or financing."

About Shenzhen Huiju Innovation Park Operation Co., Ltd

Huiju Xinqiao 107 Innovation Park ("107 Innovation Park") is operated by Shenzhen Convergent Innovation Park Operation Co., Ltd. since 2017 and is located in Xinqiao Street, Bao'an District, Shenzhen, the hub of Guangdong-Hong Kong-Macao Greater Bay Area and the core area of the "Wisdom City" plan. 107 Innovation Park provides comprehensive services in finance, policies, regulations, taxation, industry standards, advertising, etc. In 2018, 107 Innovation Park has been recognized as "Shenzhen Science and Technology Enterprise Incubator", "Shenzhen Key Park for Investment Promotion", "Bao'an District Science and Technology Peach Blossom Garden", "Bao'an Sino-German Cooperation Industrial Demonstration Park", "Mobile FinSupermarket Service Point" and "South China Outstanding Park".

About ATIF Holdings Limited

Headquartered in Shenzhen, China, ATIF Holdings Limited ("ATIF") is a company providing business consulting services to small and medium-sized enterprises in Asia  and North America, including going public consulting services, international business planning and consulting services, and financial media services. ATIF operates an internet-based financial consulting service platform IPOEX.com, which provides prestige membership services including online capital market information, pre-IPO education 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. Through its majority-owned subsidiary, Leaping Group Co., Ltd., ATIF also provides multimedia services and is engaged in three major businesses, including multi-channel advertising, event planning and execution, film and TV program production and movie theater operations. ATIF operates the largest pre-movie advertising network in Heilongjiang Province and Liaoning Province of China and also provides advertising services in elevators and supermarkets. ATIF is often hired to plan both online and offline advertising campaigns and to produce related advertising material. In addition, ATIF invests in films and TV programs and distributes them in movie theaters or through online platforms. ATIF is also one of majority shareholders of AeroCentury Corp. (NYSE American: ACY) which is an independent global aircraft operating lessor and finance company specializing in leasing regional jet and turboprop aircraft and related engines to airlines and commercial users worldwide. 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 continue to operate through our VIE structure; 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