March 30, 2022--ATIF Holdings Limited (Nasdaq: ATIF, the “Company,” “ATIF” or “We”), a holding group providing business and financial consulting services in Asia and North America, today announced that it has been retained by a technology innovation company (the “Client”) based in Hangzhou, China, for consulting and IPO Advisory services. The total contract value is US$1.27 million of which we have received the first installment payment in the amount of $381,000.

The Client is in the business of providing design, development, construction, and operation services in connection with urban smart parking, parking lot renovation, and Internet of Things (IoT) products. The Client plans to become a public company via an initial public offering (IPO) or reverse takeover (RTO) by the end of 2022.

Jun Liu, President, Chairman of the Board, and CEO of ATIF commented, “Despite what’s been a tumultuous time in the world and capital markets, today’s contract win only validates that our focus on helping provide quality business and strategic financial consulting to SMEs continues to resonate today. We will provide this Client with a wide array of business consulting services, including capital market advisory for business planning and strategy development, planning and assisting with fundraising activities, and providing investor and public relations services as the Client approaches its debut in the capital markets. Our services deliver critical value for our clients with compelling yet capital-intensive businesses.”

“It’s a privilege to work with this dynamic Client to help guide them to their next level of growth. The Client has already developed a sizable track record of success. Their work spans more than 40 cities and regions across China, building and operating more than 5,500 parking lots with more than 600,000 parking spaces.”

“I look forward to supporting this Client reach their next goal of being a publicly-traded company and sharing their future developments.” concluded Mr. Liu.

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