ATIF Holdings Limited Announces a One Million Dollar Consulting Service Agreement with Caiz Optronics Corp.
SHENZHEN, China, April 22, 2020 (GLOBE NEWSWIRE) -- ATIF Holdings Limited (NASDAQ: ATIF)(the “Company”), a company providing business consulting services to small and medium-sized enterprises in Asia, today announced that the Company, through its variable interest entity in China, Qianhai Asia Time (Shenzhen) International Financial Services Co., Ltd. (“ATIF Shenzhen”), entered into a consulting service agreement (the “Agreement”) to act as a business advisor for Caiz Optronics Corp. (“Caiz”). The Agreement was signed in anticipation of Caiz’s entrance into the U.S. capital market.
Pursuant to the Agreement dated February 3, 2020, ATIF Shenzhen agreed to provide services including business consulting, capital market advising for business planning and strategy development, planning and assisting with fund raising activities, and investor and public relations services. As consideration, Caiz agreed to pay ATIF Shenzhen a fix consulting fee of US$1 million, to be paid in installments and subject to certain conditions.
Mr. Jun Liu, CEO and Director of ATIF, commented, “We are excited to sign the consulting service agreement with Caiz. Caiz is an excellent enterprise with a bright future and, once it enters the U.S. capital market, we expect it to have better access to capital from international investors, improve brand popularity, and acquire more customers so that it can expand its business to generate more profits on an international platform. We will do our best to help Caiz go public and to provide guidance on its listing and development.”