HONG
KONG, Oct. 24, 2024 /PRNewswire/ -- CLPS
Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS), today
announced that its Board of Directors has declared a special cash
dividend of $0.13 per share of common
stock, marking the third consecutive fiscal year of such a payment.
It is payable on November 12, 2024 to
shareholders of record as of November 4,
2024. The aggregate amount of the payment to be made in
connection with this special cash dividend will be approximately
$3.6 million.
Mr. Raymond Lin, Chief Executive
Officer of CLPS, commented, "In light of our recent stock
performance, the Board of Directors has decided to declare another
round of special cash dividend for our shareholders. This decision
underscores our ongoing commitment to delivering value to our
investors and reflects our confidence in the Company's future.
While we stay focused on our core business, we are actively
pursuing new growth opportunities, such as expanding into emerging
sectors and strengthening our international presence to ensure we
remain competitive in the rapidly evolving market. We are confident
that this dividend payout will not hinder our operational
capabilities, including our pursuit of potential M&A as well as
business expansion initiatives."
The details of any future cash dividend declaration, including
the amount of such dividend, the timing, and establishment of the
record and payment dates, will be determined by the Board of
Directors. The decision of whether to pay future cash dividends and
the amount of any such dividends will be based on the Company's
financial position, results of operations, cash flows, capital
requirements, business conditions, the requirements of applicable
law, and any other factors the Board of Directors may deem
relevant.
About CLPS Incorporation
Headquartered in Hong Kong,
CLPS Incorporation is a leading global information technology
("IT") consulting and solutions service provider, primarily focused
on serving global institutions in the banking, wealth management,
e-commerce, and automotive sectors. As an IT services provider for
a growing network of clients within the fintech and financial
services industry, CLPS has expanded its business beyond core IT
services, venturing into the loan, e-commerce, academic education,
and tourism sectors. Through its diversified offerings, CLPS is
committed to providing comprehensive services and solutions for its
clients. The Company maintains 20 delivery and/or research &
development centers to serve different customers in various
geographic locations. Mainland China centers are located in Shanghai, Beijing, Dalian, Tianjin, Xi'an, Chengdu, Guangzhou, Shenzhen, Hangzhou, and Hainan. The remaining 10 global centers are
located in Hong Kong SAR, USA,
Japan, Singapore, Australia, Malaysia, India, Philippines, Canada, and UAE. For further information
regarding the Company, please
visit: https://ir.clpsglobal.com/, or follow CLPS
on Facebook, Instagram, LinkedIn,
X (formerly Twitter), and YouTube.
Forward-Looking Statements
Certain of the statements made in this press release are
"forward-looking statements" within the meaning and protections of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements include statements with respect to the
Company's beliefs, plans, objectives, goals, expectations,
anticipations, assumptions, estimates, intentions, and future
performance. Known and unknown risks, uncertainties and other
factors, which may be beyond the Company's control, may cause the
actual results and performance of the Company to be materially
different from such forward-looking statements. All such statements
attributable to us are expressly qualified in their entirety by
this cautionary notice, including, without limitation, those risks
and uncertainties related to the Company's expectations of the
Company's future growth, performance and results of operations, the
Company's ability to capitalize on various commercial, M&A,
technology and other related opportunities and initiatives, as well
as the risks and uncertainties described in the Company's most
recently filed SEC reports and filings. Such reports are available
upon request from the Company, or from the Securities and Exchange
Commission, including through the SEC's Internet website at
http://www.sec.gov. We have no obligation and do not undertake to
update, revise or correct any of the forward-looking statements
after the date hereof, or after the respective dates on which any
such statements otherwise are made.
Contact:
CLPS Incorporation
Rhon Galicha
Investor Relations Office
Phone: +86-182-2192-5378
Email: ir@clpsglobal.com
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SOURCE CLPS