ATIF Holdings Confined Announces Relocating Functioning Headquarter to California and Launching New Company Design

LOS ANGELES, Calif., Jan. 4, 2021 /PRNewswire/ — ATIF Holdings Constrained (Nasdaq: ATIF, the “Group”, “ATIF” or “we”), a firm providing enterprise consulting and multimedia providers in Asia and North The united states, today introduced that it formally relocated its running headquarter to California, United states of america, and launching new company model with a few sectors: asset management, expenditure holding and media expert services, to expand the group’s company with a versatile organization thought that is expected to provide significant expansion revenue and potent revenue growth.

ATIF Inc., a wholly owned subsidiary of ATIF (“ATIF Inc.”) has been integrated in California on October 2020 as ATIF’s new operating headquarters. It was effectively acquired by clientele in the United States, and have previously secured 4 California centered clients for IPO consulting solutions due to the fact its inception totaled to US$4 million contract volume in aggregate. Clientele found within United States will be serviced by ATIF Inc. from its California headquarter, though customers outside the house United Point out will be supported by ATIF Inc.’s organization facilities abroad. Huaya Specialist (Shenzhen) Co., Ltd., a wholly owned subsidiary of ATIF, will provide as ATIF Inc.’s enterprise center in PRC for shoppers positioned in the PRC. To streamline the management chain and to increase management management with lessen prices, the Team terminated the agreements pertaining to the expert services offered by Qianhai Asia Times (Shenzhen) Intercontinental Economical Companies Co., Ltd. At present, the Team is in discussion with other company organizations to collaborate with, leveraging their resources to guide the Group as the Group’s business centers in other jurisdictions. The Group thinks that this streamlined administration design and strategic partnership strategy is in line with the existing quickly-altering and competitive enterprise natural environment and will provide the Team with sturdy expansion ability.

Start of three big sectors, asset administration, expenditure holding and media products and services

Asset administration sector is a manufacturer-new section included to the Group. In 2020, the Group shaped an asset management team with sequence 65 securities licenses and begun to invest on securities in January 2020. Primarily based on the asset management team’s one of a kind portfolio procedures and accurate judgment to the sector, the securities expenditure sector has yielded an ideal return for the Team. The Group programs to officially launch its securities expenditure company just after it has attained the asset administration qualification from FINRA in January 2021. Moreover, the Group is in process to register with SEC for financial commitment advisory, which is envisioned to be completed by the to start with quarter of 2021. The Team is also in the midst of setting up a private fund, which is expected to deliver equity investments and financial investment advisory providers in the U.S. inventory marketplace. In the foreseeable future, ATIF anticipates the asset management company will produce sustainable and stable fund administration price cash flow and higher return performance reward money for the Group.

The expenditure holding sector will optimize the current likely general public consulting products and services by switching the services cost from money remuneration to fairness remuneration in its place. The Team understands that begin-ups have liquidity challenges and this alternative will help incubating get started-ups and give larger return chances for the Group, bringing a gain-get circumstance for the two the Team and its clientele. The media services sector will reinforce the existing media solutions to offer general public and trader relations products and services to organizations and going public advisory customers in China. The Group’s enterprise centre in PRC has deep media relations and professional funds sector operations, and is ready to provide comprehensive trader relations companies and domestic media marketing companies to US-mentioned Chinese providers.&#13

Mr. Pishan Chi, Chief Executive Officer and Director of ATIF, commented, “We are extremely pleased with the establishment of our California headquarters. Because our IPO in Might 2019, we have been checking out and experimenting with our company running model and in the end identified that a streamlined functioning model will drastically enhance the Group’s administration efficiency and give us much more vitality to think and make a far more in depth, timely, and effective small business and provider structure for our consumers. We anticipate that the new California headquarters and the freshly optimized strategic business model will convey a fresh start and a robust foreseeable future for ATIF.”

Mr. Liu Jun, Chairman of the Board and President of ATIF, added: “This new business enterprise addition and strategic transformation of ATIF is a daring judgment and valuable measure created by the Group’s management in response to the quick-earlier and at any time-altering enterprise setting in the U.S. money current market in a timely fashion. In the experience of the monumental problems posed by the 2020 epidemic, we have fully commited a lot of interior analysis and adjustment considerations and manufactured careful forecasts of the future capital market place and business enterprise environment. We believe that that this new enterprise addition and transformation is not only a significant phase for ATIF to go toward global business enterprise, but also a new possibility for ATIF. We assume that the new company sectors and enterprise portfolio will bring diversified income to the Team and sustainable significant progress earnings to our shareholders.”

About ATIF Holdings Minimal

Headquartered in Los Angeles, California, ATIF Holdings Limited (“ATIF”) is a keeping group with asset management, expense holding and multimedia sectors and provide enterprise consulting expert services to modest and medium-sized enterprises in Asia and North The us, together with heading public consulting solutions, global business enterprise setting up and consulting solutions, and monetary media solutions. ATIF operates an internet-centered financial consulting service platform IPOEX.com, which delivers status membership solutions which includes on-line capital market facts, pre-IPO education and learning and matchmaking providers involving SMEs and financing establishments. ATIF has advised many enterprises in China in their plans to come to be publicly outlined in the U.S. Through its the greater part-owned subsidiary, Leaping Group Co., Ltd., ATIF also offers multimedia providers and is engaged in a few key firms, like multi-channel promoting, occasion preparing and execution, movie and Tv set plan manufacturing and motion picture theater operations. ATIF operates the largest pre-motion picture promotion community in Heilongjiang Province and Liaoning Province of China and also supplies advertising and marketing services in elevators and supermarkets. ATIF is generally employed to approach both equally on-line and offline advertising strategies and to generate relevant promotion substance. In addition, ATIF invests in films and Tv plans and distributes them in movie theaters or by means of on the net platforms. For extra info, please visit https://ir.atifchina.com/.

Forward-Hunting Statements&#13

Sure statements designed in this launch are “ahead on the lookout statements” inside of the which means of the “safe harbor” provisions of the United States Non-public Securities Litigation Reform Act of 1995. When utilised in this press release, the words and phrases “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “options,” “intends,” “believes,” “seeks,” “might,” “will,” “ought to,” “long term,” “suggest” and variations of these words or equivalent expressions (or the detrimental versions of this sort of words and phrases or expressions) are meant to determine ahead-looking statements. These ahead-wanting statements are not guarantee of long run overall performance, situations or success, and entail a number of identified and mysterious hazards, uncertainties, assumptions and other crucial elements, several of which are outdoors the Firm’s management, that could lead to real final results or results to vary materially from people discussed in the ahead-wanting statements. Important things, among the some others, are: potential financial and functioning results, together with revenues, cash flow, expenses, income balances and other fiscal things skill to regulate advancement and expansion existing and future financial and political conditions ability to compete in an market with minimal boundaries to entry ability to continue to operate via our VIE framework skill to obtain further funding in the potential to fund money expenses capability to appeal to new shoppers and even further boost brand recognition potential to retain the services of and keep experienced administration staff and key workers developments and level of competition in the economical consulting expert services business a pandemic or epidemic and other things shown in the Firm’s yearly report on Type 20-F and other documents filed with the Securities and Exchange Fee. The Enterprise undertakes no obligation to update forward-on the lookout statements to mirror subsequent happening situations or circumstances, or alterations in its anticipations, apart from as may be demanded by regulation. While the Organization believes that the anticipations expressed in these ahead-searching statements are fair, it simply cannot guarantee you that these kinds of anticipations will transform out to be accurate, and the Organization cautions you that actual success may vary materially from the anticipated effects expressed or implied by the forward-on the lookout statements we make. You need to not rely on forward-on the lookout statements as predictions of future activities. Ahead-searching statements symbolize our management’s beliefs and assumptions only as of the day such statements are built. These ahead-looking statements are created as of the date of this information release.

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