CLPS Incorporation Announces President’s Letter to Company Shareholders
HONG KONG, August 6, 2021 / PRNewswire / – CLPS Incorporation (Nasdaq: CLPS) (“CLPS” or “the Company”), today issued a letter to shareholders from the Chairman of the Board of Directors of the Company (the “Board”), including full text is provided below. All CLPS shareholders are invited to read it.
Based at Hong Kong, CLPS is an IT service provider dedicated to meeting the demand of the global IT market. I would like to share and highlight the following information about CLPS in light of recent market news:
- The CLPS complies and remains transparent with its corporate governance. CLPS is neither structured as a variable rights holder (VDV) entity nor involved in a transaction as such;
- CLPS has actively carried out non-profit talent training programs in cooperation with universities in China and globally to develop more talent in financial informatics;
- The CLPS ensures strict compliance with the confidentiality clause of its professional client, including data protection to avoid any cybersecurity risk.
CLPS is accelerating its global expansion strategy to expand its presence abroad. For the past six months December 31, 2020, CLPS recorded a 53.9% increase in revenue generated outside of mainland China, at $ 6.6 million compared to the period of the previous year. In addition, we are actively developing our partnerships abroad. We have signed a strategic cooperation framework agreement with Tongdun International Pte. Ltd. to jointly promote software and commercial financial solutions in the Southeast Asian market. We have also extended our partnership with Yonyou (Hong Kong) Company Limited to provide cloud-based business products and services to the overseas market.
Our mergers and acquisitions momentum continued at a steady pace in order to further improve our solution delivery capabilities. On July 26, 2021, CLPS has created LinkCrypto Finance Technology Limited (“LinkCrypto”), its first joint venture that focuses on blockchain technology. CLPS and Columbus Century Development Co., Pte. Ltd. respectively hold 55% and 45% of the capital of LinkCrypto. As part of the joint venture, the two parties will jointly develop and upgrade blockchain-based solutions for financial institutions. Through strategic cooperation, CLPS owns a 53.33% stake in one of the wholly-owned subsidiaries of Minshang Creative Technology Holdings Limited, a Hong Kong publicly traded company, to launch next-generation loan trading software in Hong Kong and the Southeast Asia region. CLPS also invested 15% stake in Beijing UniDev Software Co., Ltd., a Beijing-based IT services and solutions provider.
In addition to our excellent corporate governance and competitive advantage, we will continue to pursue our drive for sustainable and profitable growth as a vehicle for delivering long-term values to our shareholders.
On behalf of the CLPS family, I would like to thank our employees, partners and shareholders for their unwavering support and confidence in CLPS.
With sincerity and determination,
Xiao Feng Yang
President of the council
Incorporation of CLPS
About the company CLPS
Hong Kong-based CLPS Incorporation (the “Company” (Nasdaq: CLPS) is a leading global provider of information technology (“IT”) consulting services and solutions focusing on the information technology (“IT”) sectors. banking, insurance and financial services. The Company serves as an IT solutions provider to a growing network of clients in the global financial services industry, including major financial institutions in the United States, Europe, Australia, Asia Southeast and Hong Kong SAR, as well as their PRC-based data centers. The Company maintains 19 delivery and / or research and development centers to serve various customers in various geographic locations. Mainland China centers are located at Shanghai, Beijing, Dalian, Tianjin, Baoding, Xi’an, Chengdu, Guangzhou, Shenzhen, Hangzhou and Hainan. The remaining eight global centers are located in Hong Kong SAR, United States, United Kingdom, Ja pon, Singapore, Malaysia, Australia and India. For more information about the Company, please visit: https://ir.clpsglobal.com/, or follow CLPS on Facebook, LinkedIn, and Twitter.
Some of the statements made in this press release are “forward-looking statements” within the meaning 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 regarding the beliefs, plans, objectives, goals, expectations, expectations, assumptions, estimates, intentions and future performance of the Company. Known and unknown risks, uncertainties and other factors, which may be beyond the control of the Company, may cause actual results and performance of the Company to differ materially from these forward-looking statements. All such statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, the risks and uncertainties relating to the Company’s expectations regarding growth, performance and results. future operations of the Company, the Company’s ability to capitalize on various business, mergers and acquisitions, technology and other related opportunities and initiatives, as well as the risks and uncertainties described in the latest reports and documents filed by the Company with the SEC. These reports are available on request from the Company or the Securities and Exchange Commission, including on the SEC’s website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any forward-looking statements after the date hereof, or after the respective dates on which such statements otherwise are made.
Incorporation of CLPS
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