Blog

THE ANGEL, March 3, 2021 / PRNewswire / – ATIF Holdings Limited (Nasdaq: ATIF, the “Group”, “ATIF” or “We”), a holding group providing business and financial advisory services in Asia and North Americaannounced the group’s business development plan for 2021, which will focus on advancing asset management, engaging in public advisory services and participating in equity investments through the formation of the Special Purpose Acquisition Company (“SPAC”), expected to emerge from the darkness of the epidemic will emerge and achieve rapid growth for the group in the 2021.

High return asset management services

The group took up its first stake in participations in January 2021 and achieved ideal results. After carefully evaluating the stock market and developing a unique short-term “liquidity + volatility” trading strategy, the stock investing portfolio made a big impact in 2020, realizing a gross return of around 54.02%, beating the S&P 500 annual Index growth rate of 16.3% in 2020.

The group has completed its asset management qualification February 2021 and is now properly preparing the first batch of $ 50 million The private fund is scheduled to officially launch in mid-2021 and is expected to generate significant returns for the group this year.

Investment holding through the establishment of SPACs

The 2020 pandemic has made SPACs the most popular IPO trend and will dominate most of the US IPO market in 2020. Popular target industries include fintech, biotechnology, technology, healthcare, electric vehicles and consumer goods, including two well-known Chinese companies in ed-tech and entertainment.

in the February 2021ATIF established a SPAC department and began preparatory work for the establishment of various SPACs. Based on the group’s research and analysis to date, the group may be interested in considering acquisition targets in a variety of industries including, but not limited to, Fintech, Blockchain, Artificial Intelligence, Internet, Biotechnology, Life Sciences, and Pharma. ATIF is currently in discussion with various angel investors and private equity funds and may work with various parties to set up multiple SPACs in the near future.

Segmentation of IPO advisory services, introduction of SPAC advisory services

In response to the boom in SPAC listings, the group officially launched SPAC Advisory Services as a major branch of IPO Advisory Services. The Group’s extensive experience in the areas of private equity, IPO and M&A enables ATIF to offer companies in various industries such advisory services in order to support them in preparing for a ready-made acquisition target through a SPAC.

ATIF is in communication with various SPACs with concentrated interests in various industries, and ATIF can represent these interested companies and link them with the SPACs already listed in the US to facilitate potential acquisition transactions.

Mr. Pishan Chi, Chairman and Director of ATIF, commented, “We have spent a lot of time researching business trends and the environment in the capital market. We have analyzed the market environment, listened to the sounds around us, and set up our SPAC. We see in These business strategies are an excellent opportunity for ATIF to grow its sales. “

“On the flip side, the asset investment business is in a critical start-up phase. We have high expectations for this business as it represents our formal entry into the financial business and brings together our multi-dimensional strategic analytical skills, and we will.” Don’t spare any effort to fuel the growth and development of this business. “

“This year has been very important for ATIF. In a rapidly changing business environment, we are developing and expanding our core business with a high level of urgency and responsibility to break the epidemic and achieve rapid growth in 2021, delivering high quality to the Group and our shareholders and sustainable returns. “

About ATIF Holdings Limited

Headquarters in Los Angeles, California, ATIF Holdings Limited (“ATIF”) is an asset management, investment holding and online financial information holding group providing business advice to small and medium-sized businesses in Asia and North America. ATIF operates an internet-based financial information service platform, IPOEX.com, which provides prestigious membership services such as market intelligence, pre-IPO training, IR media and matchmaking services between SMEs and financial institutions. ATIF’s investment holding business is to provide public advice, M&A advice and financial advice to SMEs. ATIF has advised several companies in China In its plans to go public in the United States, ATIF plans to launch a securities investment service and advisory service in the first quarter of 2021. Further information can be found at https://ir.atifchina.com/.

Forward-Looking Statements

Certain statements in this press release constitute “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. As used in this press release, the words “estimates”, “projected”, “expected”, “anticipates”, “predicts”, “plans”, “intends”, “believes”, “seeks”, “may”, “will”, “should”, “will”, “suggests” and varies these words or similar expressions (or the negative versions of such words or phrases) are intended to identify forward-looking statements. The gross return figures are calculated excluding transaction costs and fees and gross management fee and incentive. These forward-looking statements are not guarantees 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 beyond the control of the company and which could lead to actual results or material differences differ from those discussed in the forward-looking statements. Important factors include, but are not limited to: future financial and operating results, including revenue, income, expenses, cash balances and other financial items; Ability to manage growth and expansion; current and future economic and political conditions; Competitiveness in an industry with low market entry barriers; Ability to continue to operate through our VIE structure; Ability to obtain additional funding to finance investments in the future; Ability to acquire new customers and further improve brand awareness; Ability to hire and retain qualified management and key employees; Trends and competition in the financial advisory industry; a pandemic or epidemic; and other factors set out in the company’s annual report on Form 20-F and other filings with the Securities and Exchange Commission. The company undertakes no obligation to update any forward-looking statements to reflect later events or circumstances or changes in its expectations, except as required by law. Although the company believes that the expectations expressed in these forward-looking statements are reasonable, we cannot assure you that these expectations will prove to be correct and we caution you that actual results will differ materially from those anticipated Results could differ, expressed or implied by the forward-looking statements that we make. You should not rely on forward-looking statements as predictions of future events. Forward-looking statements reflect the beliefs and assumptions of our management only as of the date these statements are made. These forward-looking statements speak as of the date of this press release.

SOURCE ATIF Holdings Limited

similar links

https://ir.atifchina.com/