ATIF Holdings Limited Regains Compliance with Nasdaq Minimum Offer Price Requirement | New


LOS ANGELES, September 17, 2021 (GLOBE NEWSWIRE) – ATIF Holdings Limited (Nasdaq: ATIF, the “Company”), a holding group providing business and financial advice in Asia and North America, today announced that it has received notification from the Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) listing that it has regained compliance with the minimum bid price requirement of $ 1.00 per share under the Nasdaq listing rules (the “ listing rules ”).

On September 14, 2021, Nasdaq confirmed to the Company that for at least 10 consecutive business days, from August 30 to September 13, 2021, the closing bid price of the Company’s common shares was $ 1.00 per share or more. . As a result, the Company has regained compliance with Listing Rule 5550 (a) (2) and this matter is now closed.

About ATIF Holdings Limited ATIF Holdings Limited (“ATIF”) is a holding group specializing in business advisory, asset management and investment with business centers located in Los Angeles, California, as well than in Hong Kong and Shenzhen, China. ATIF primarily provides IPO advisory services to small and medium-sized businesses in Asia and North America. ATIF has advised several companies in China in their plans to become publicly traded in the United States. ATIF received the “Top 10 Best Listed Companies 2019” of the “Golden Bauhinia Award”, the highest honor of the financial and securities industry in Hong Kong. For more information, please visit https://ir.atifchina.com/.

Forward-looking statements Certain statements made in this press release are “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” plans “,” expects “,” anticipates “,” plans “,” plans “,” intends “,” believes “,” seeks “,” may “,” will “,” should “,” should “” suggest “and variations of such similar words or phrases (or negative versions of such words or phrases) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, which could lead to actual results or results. differ materially from those discussed in forward-looking statements. Important factors, among others, are: future financial and operating results, including revenues, revenues, expenses, cash balances and other financial items; ability to manage growth and expansion; current and future economic and political conditions; ability to compete in an industry with low barriers to entry; ability to continue to operate through our VIE structure; ability to secure additional funding in the future to fund capital expenditures; ability to attract new customers and further improve brand recognition; ability to hire and retain qualified management personnel and key employees; trends and competition in the financial advisory services industry; a pandemic or epidemic; and other factors listed in the Company’s annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. The Company assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, except as required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that these expectations will prove to be correct, and the Company cautions you that actual results may differ materially from the anticipated results expressed or implied by the statements. prospective that we do. You should not rely on forward-looking statements as predictions of future events. Forward-looking statements represent the beliefs and assumptions of our management only as of the date on which such statements are made. These forward-looking statements are made as of the date of this press release.

Media contact: Anna Huang + 86-139-2726-7157 [email protected]

Copyright 2021 GlobeNewswire, Inc.


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