SHENZHEN, China, Aug. 4, 2020 /PRNewswire/ -- ATIF Holdings Limited (Nasdaq: ATIF, the "Company"), a company providing business consulting services and multimedia services in Asia, today announced that its majority-owned subsidiary, Leaping Group Co., Ltd.("LGC"), a leading multimedia and advertising firm in Northeast China, has signed contracts with more than 20 renowned corporate clients to provide multimedia services including promotional videos, documentaries, internet broadcast programs and product marketing related multimedia production.
Pursuant to the contracts LGC signed with the clients, LGC will provide the multimedia services for over 20 renowned corporate clients, some of which are ranked among China and Global Top 500 enterprises, such as COFCO Property (SHE:000031), Industrial Bank of China (SHA:601398), China Vanke (SHE:000002), Agile Property (HKG:03383) and Evergrande (HKG:03333).
Mr. Bo Jiang, Chairman of LGC, commented, "We're glad that these famous companies chose us to offer them comprehensive multimedia solutions and we are confident that our exquisite service and product can help our clients deliver their enterprise image and influence better, appealing to more clients and consumers."
Mr. Pishan Chi, CEO of ATIF, said, "As the so-called 'influencers' and short videos operations are also becoming the new growth points of advertising and media industry in China, LGC proactively implements business transformation to catch up with the market trend in making short-videos and promotional media videos that have become the new growth points of our business. National box office recorded RMB33 million only within six days since the cinemas re-opened on July 20 in China, which was a third of the same period of last year, as such, LGC also expects its advertising business in second half of 2020 will start to grow at a pace in line with the ante-pandemic period."