Business
ATIF Holdings Limited Announces a One Million Dollar Consulting Service Agreement with Shenzhen Agrecoe Biotechnology Co., Ltd.
Shenzhen, China, June 08, 2020 (GLOBE NEWSWIRE) -- ATIF Holdings Limited (NASDAQ: ATIF), a company providing business consulting services and multimedia
About this update from Atif Holdings Limited
[{"type":"text","content":"Shenzhen, China, June 08, 2020 (GLOBE NEWSWIRE) -- ATIF Holdings Limited (NASDAQ: ATIF), a company providing business consulting services and multimedia services in Asia, today announced that the Company, through Qianhai Asia Time (Shenzhen) International Financial Services Co., Ltd. (“ATIF Shenzhen”), the Company’s variable interest entity in China, entered into a consulting service agreement, dated June 3, 2020 (the “Agreement”), to act as a business advisor for Shenzhen Agrecoe Biotechnology Co., Ltd. (“Agrecoe”), an emerging growth biotechnology company specializing in the research, development, production and sales of microbial inoculants in the three major fields of agriculture, environmental protection and food. The Agreement was signed in anticipation of Agrecoe’s entrance into the U.S. capital market.\n\n \n \n \n \n \n \n \n \n \n \n \n Service Agreement with Shenzhen Agrecoe Biotechnology Co., Ltd.\n \n \n \n \n \n \n \n \n\n Pursuant to the Agreement, 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, Agrecoe agreed to pay ATIF Shenzhen a fixed 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 Agrecoe. Choosing to go public in the U.S. is an important move for Agrecoe to achieve a staged victory and enables Agrecoe access to capital from international investors and improve brand popularity and credibility so that Agrecoe can expand its business internationally. We will do our best to help Agrecoe go public and to provide guidance on its listing and development.” About ATIF Holdings Limited Headquartered in Shenzhen, China, ATIF Holdings Limited (“ATIF”) is a company providing business consulting services to small and medium-sized enterprises in Asia, including going public consulting services, international business planning and consulting services, and financial media services. ATIF has advised several enterprises in China in their plans to become publicly listed in the U.S. Through its majority-owned subsidiary, Leaping Group Co., Ltd., ATIF also provides mu...