HONG
KONG, Dec. 19, 2024 /PRNewswire/ -- CLPS
Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS), today
announced that its majority-owned subsidiary, JAJI Global
Incorporation ("JAJI"), has filed a registration statement on Form
F-1 with the U.S. Securities and Exchange Commission (the "SEC")
relating to a proposed initial public offering of JAJI's ordinary
shares.
Following the offering, CLPS expects to hold a significant voting interest
in JAJI along with a corresponding economic interest in its
subsidiaries. The number of shares to be offered and the
price range for the offering have not yet been determined. JAJI
intends to list its common stock on The Nasdaq Capital Market.
This IPO marks a significant milestone in JAJI's development and
is expected to provide strong financial support for its future
expansion and technological innovation.
JAJI specializes in providing information technology (IT)
services to the automotive and securities industries. With advanced
technology and strong market position, JAJI has achieved
significant industry accomplishments. In addition to IT and
business management consulting services, as well as customized IT
solutions, JAJI has developed a range of proprietary IT products.
As market demand continues to grow, JAJI plans to enhance its
market competitiveness through this IPO and advance its business
goals.
According to the F-1, JAJI currently has a total share capital
of 10,000,000 shares, of which CLPS holds 60%. The funds raised
from this IPO will primarily be used for product development,
mergers and acquisitions, global expansion, and company operations
to drive JAJI's sustained growth.
Aegis Capital Corp., will be acting as the
sole underwriter and book-runner for the proposed offering.
A registration statement relating to these securities has been
filed with the SEC but has not yet become effective. These
securities may not be sold nor may offers to buy be accepted prior
to the time the registration statement becomes effective. This
press release is being made pursuant to, and in accordance with,
Rule 134 under the Securities Act of 1933, as amended (the
"Securities Act"), and shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any Internal state or jurisdiction in which
such offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction. Any offers, solicitations or offers to buy,
or any sales of securities will be made in accordance with the
registration requirements of the Securities Act.
Mr. Raymond Lin, Chief Executive
Officer of CLPS, stated, "We are immensely proud of JAJI as it
embarks on its journey to the Nasdaq market. We are confident that
listing on Nasdaq will unlock JAJI's full potential for
technological innovation and market expansion, delivering
significant value to our shareholders."
Mr. Bryan Lam, Chief Executive
Officer of JAJI, expressed, "We are thrilled about JAJI's IPO. This
is not only an important milestone in our growth but also an
opportunity to share the benefits of our success with investors. By
going public, we will be able to strengthen our market position,
attract top talents, and propel our long-term strategic goals
forward."
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 19 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 9 global centers are
located in Hong Kong SAR, USA,
Japan, Singapore, 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
