Business
ATIF Holdings Limited Releases Letter to Shareholders From The CEO and Director of The Board
LOS ANGELES, Feb. 10, 2021 /PRNewswire/ -- ATIF Holdings Limited (Nasdaq: ATIF, the "Group", "ATIF" or "we"), a holding group providing business and financial
About this update from Atif Holdings Limited
[{"type":"text","content":"LOS ANGELES, Feb. 10, 2021 /PRNewswire/ -- ATIF Holdings Limited (Nasdaq: ATIF, the \"Group\", \"ATIF\" or \"we\"), a holding group providing business and financial consulting in Asia and North America, today released a letter to shareholders from the Chief Executive Officer and Director of the Company's board of directors.\nDear shareholders,\nThe 2020 COVID-19 global pandemic has brought negative impact and challenges to everyone. However, it brought opportunities for ATIF to think deeply about our development and to adjust ourselves to excel in light of the difficult time due to the pandemic. In reviewing our performance, we strive to continue to serve our customers in light of adversity, and had strategically transformed our business model to launch new main business sectors with high growth potential.\nHighlights\n1.73 million protective masks donation: At the end of January and early February 2020 during the outbreak of COVID-19 in Wuhan, China, we urgently purchased 1.7 million protective masks for donation and delivered the protective masks in batches to Wuhan. In April 2020, we further purchased and donated additional 30,000 protective masks and delivered to hospitals, government departments as well as local communities in Los Angeles and New York to help to fight against the epidemic. We strive to take social responsibility to be good corporate citizen. \nA total of $7.8 million consulting service agreements: From February to November 2020, we had signed consulting service agreements totaling $7.8 million with four Chinese companies and four U.S. companies in anticipation of their entrance into the U.S. capital market. We customized the listing planning for companies and helped companies to obtain quality resources to provide business consulting, capital market advisory for business planning and strategy development, and investor and public relations services for companies entering into the U.S. capital market, \nOur client successfully listing on the Nasdaq: In January 2021, our client Qilian International Holding Group Limited (\"Qilian\") announced its initial public offering on Nasdaq Global Market and had received aggregate gross proceeds of US$25 million from its Offering, before the deduction of underwriting discounts and other related expenses. Qilian made a strong debut on the U.S. stock market as the first Ch...