June 25, 2022


Technology Forever

CLPS Incorporation Invests in E-Commerce to Diversify Its Enterprise Design

HONG KONG, Jan. 22, 2021 /PRNewswire/ — CLPS Incorporation (Nasdaq: CLPS) (“CLPS” or “the Company”), right now declared its strategic investment decision, as a result of its wholly owned subsidiary, ChinaLink Expert Providers Co. Ltd., in Shanghai Shier Information and facts Engineering Co., Ltd. (“SSIT”), an e-commerce services supplier. CLPS has indirectly taken 35% possession stake in SSIT as component of the Company’s expansion technique to diversify its business product.

SSIT develops and features e-commerce platform goods built-in with rebate plan as its most important and unique feature. Its goods involve the “Group Store”, an on-line 1-cease store system exceptional for an enterprise’s staff members and “Duoshouji”, a cell application offered for all Android and iOS buyers. SSIT has partnered with above 10 major e-commerce corporations, catering to hundreds of manufacturers in China and to its around 100,000 registered customers, of which extra than 50% are lively end users. SSIT has attracted a large scale, extensive standing, and faithful buyer foundation as a final result of its perfectly-obtained system amid the enterprises’ people.

The introduction of cell internet and 5G technological know-how defines the ever-switching pattern for obtaining on the net site visitors. This pattern is predicted to be a a lot more efficient way in contrast to common and highly-priced solutions these types of as look for engine optimization (Search engine optimisation), look for engine advertising and marketing (SEM) and social media promotion, amongst some others.

Over the decades, CLPS has been focused on the company-to-company (B2B) design, and its partnership with SSIT now paves the way to penetrate the business-to-shopper (B2C) as a result of company worker information outreach. In addition, CLPS and SSIT have agreed to combine more monetary solutions and providers into the Group Keep as section of an enterprise’s growth technique, leveraging the Company’s skills in the economical field.

Mr. Henry Li, Chief Functioning Officer of CLPS, claimed, “The expenditure in SSIT marks our endeavor to enter the B2C business. We are optimistic that this investment will not only make and enhance our financials, but will also enhance the respective competitive advantage in B2B and B2C to construct an on-line traffic platform, a new motor of attracting likely clientele and a car to fulfill our upcoming business enterprise model diversification.”

About CLPS Incorporation

Headquartered in Hong Kong, CLPS Incorporation (the “Company”) (Nasdaq: CLPS) is a world-wide top information technological innovation (“IT”), consulting and answers service company concentrating on the banking, insurance policy and money sectors. The Enterprise serves as an IT alternatives company to a escalating community of shoppers in the international fiscal sector, like big financial institutions in the US, Europe, Australia, Southeast Asia and Hong Kong, and their PRC-based mostly IT centers. The Firm maintains 18 delivery and/or analysis & advancement centers to provide different prospects in numerous geographic locations. Mainland China centers are located in Shanghai, Beijing, Dalian, Tianjin, Baoding, Chengdu, Guangzhou, Shenzhen, Hangzhou, and Suzhou. The remaining 8 worldwide facilities are found in Hong Kong SAR, United states, Uk, Japan, Singapore, Malaysia, Australia, and India. For further more information relating to the Enterprise, remember to check out: http://ir.clpsglobal.com/, or comply with CLPS on Fb, LinkedIn, and Twitter.

Forward-Searching Statements

Sure of the statements manufactured in this press launch are “forward-wanting statements” inside the this means and protections of Portion 27A of the Securities Act of 1933, as amended, and Area 21E of the Securities Trade Act of 1934, as amended. Forward-on the lookout statements consist of statements with regard to the Company’s beliefs, options, targets, targets, expectations, anticipations, assumptions, estimates, intentions, and future general performance, and contain regarded and not known hazards, uncertainties and other components, which might be over and above the Company’s management, and which may well result in the true final results, efficiency, funds, ownership or achievements of the Company to be materially unique from future benefits, overall performance or achievements expressed or implied by these kinds of forward-seeking statements. All this kind of statements attributable to us are expressly competent in their entirety by this cautionary notice, together with, without having limitation, those people challenges and uncertainties relevant to the Company’s fiscal and operational functionality in the second 50 percent and full yr of fiscal 2020, its expectations of the Company’s upcoming overall performance, its preliminary outlook and direction offered in this presentation, as properly as the dangers and uncertainties described in the Company’s most lately filed SEC experiences and filings. These stories are offered upon ask for from the Corporation, or from the Securities and Exchange Commission, like via the SEC’s Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or accurate any of the forward-seeking statements following the day hereof, or soon after the respective dates on which any this kind of statements in any other case are made.

Make contact with:

CLPS Incorporation
Rhon Galicha
Investor Relations Workplace
Cellphone: +86-182-2192-5378
E mail: [email protected]

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Resource CLPS