Duyuru • Nov 29
ATIF Holdings Limited announced delayed 20-F filing On 11/28/2025, ATIF Holdings Limited announced that they will be unable to file their next 20-F by the deadline required by the SEC. Duyuru • Aug 08
ATIF Holdings Limited Announces Reverse Share Split to Regain Compliance with the Minimum Bid Price Requirement for Continued Listing on Nasdaq ATIF Holdings Limited, reported that it will effect a reverse share split of its outstanding ordinary shares, par value $0.001 per share (the Ordinary Shares), at a ratio of 1-for-18, to be effective at the open of business on August 8. In a release, the company noted: Our Ordinary Shares will begin trading on a reverse share split-adjusted basis at the opening of The Nasdaq Capital Market (Nasdaq) on August 8. Following the reverse share split, the Ordinary Shares will have a new par value of $0.018 per share and will continue to trade on Nasdaq under the symbol "ZBAI" with the new CUSIP number, G0602B118. The reverse share split is intended for the Company to regain compliance with the minimum bid price requirement of $1.00 per Ordinary Share for continued listing on Nasdaq. Duyuru • Jul 04
ATIF Holdings Receives Non-Compliance Letter from Nasdaq Regarding Minimum Bid Requirement On June 30, 2025, ATIF Holdings Limited (the “Company”) received a delinquency notification letter (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”) due to the failure of the Company’s common stock to maintain a minimum bid price of $1 per share for 30 consecutive business days as required by Nasdaq Listing Rule 5550(a)(2). In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided 180 calendar days, or until December 29, 2025, to regain compliance. To regain compliance, prior to December 29, 2025, the closing bid price of the Company’s ordinary shares must be at least $1 for a minimum of ten consecutive business days. If the Company does not regain compliance with the Minimum Bid Requirement during the initial 180 calendar day period, the Company may be eligible for an additional 180 calendar day compliance period. To qualify, the Company would be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the Minimum Bid Requirement, and would need to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. If the Company fails to timely regain compliance with Nasdaq Listing Rules, the Company’s common stock will be subject to delisting from Nasdaq. The company intends to monitor closing bid price of its common stock and consider available options to regain compliance with the minimum bid price. However, there can be no assurance that the Company will be able to regain compliance with the minimum bid price requirement or otherwise be in compliance with Nasdaq Listing Rules. Duyuru • Jan 08
ATIF Holdings Limited Announces Board and Committee Changes On January 6, 2025, Yongyuan Chen resigned from his position as an independent director of the Board of Directors of the ATIF Holdings Limited and as the Chairman of the Nominating and Corporate Governance Committee of the Board, a member of the Audit Committee of the Board and a member of the Compensation Committee of the Board. Yongyuan Chen’s resignation is not a result of any disagreement with the Company relating to its operations, policies or practices. Effective January 6, 2025, the Board appointed Mr. Syed Iqbal Shah as an independent director of the Board and as the Chairman of the Nominating and Corporate Governance Committee of the Board, a member of the Audit Committee of the Board and a member of the Compensation Committee of the Board, to fill the vacancy created by the resignation of Yongyuan Chen. Mr. Shah will receive a monthly compensation of $5,000 pursuant to his letter agreement with the Company (the “Director Letter Agreement”). The biographical information of Mr. Syed Iqbal Shah is set forth below: Mr. Syed Iqbal Shah has served the general manager of Market Masters since September 2020 where he plans and designs IM products. Mr. Shah also served as an AI designer at Ronald Lu & Partners from 2014 to 2020 . Mr. Shah received a bachelor’s degree in information technology from University of California, Berkeley in 2014. Mr. Syed Iqbal Shah does not have any family relationship with any director or executive officer of the Company and has not been involved in any transaction with the Company during the past two years that would require disclosure under Item 404(a) of Regulation S-K. Duyuru • Dec 18
Nasdaq Determines to Delist ATIF Holdings Limited Ordinary Shares Due to Stockholders' Equity Requirement On December 12, 2024, ATIF Holdings Limited (the Company") received a notice from The Nasdaq Stock Market LLC (Nasdaq") Listing Qualifications Staff (the Staff") stating that the Staff has determined, unless the Company timely requests an appeal of the Staff's determination, before Nasdaq's Hearing Panel (the Panel"), by December 19, 2024, to delist the Company's ordinary shares from the Nasdaq Capital Market because the Company is not in compliance with the minimum $2,500,000 stockholders' equity requirement for continued listing set in the Nasdaq Listing Rule 5550(b) as reported in the Company's Annual Report on Form 10-K for the year ended July 31, 2024. The notice has no immediate impact on the Company's listing and trading, as the Company intends to request a hearing before the Panel by December 19, 2024. Such request will stay any suspension or delisting action by Nasdaq pending the completion of the hearing process There can be no assurance that the Panel will grant the Company's request for additional time to demonstrate compliance of continued listing requirement or that the Company will be able meet the continued listing requirement during any compliance period or in the future. If the Panel does not grant the Company's request for additional time, its ordinary shares will be subject to delisting and the liquidity and marketability of the Company's ordinary shares would be adversely affected. This announcement is made in compliance with Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a delisting notification. Duyuru • Dec 17
ATIF Holdings Limited announced delayed 10-Q filing On 12/16/2024, ATIF Holdings Limited announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Duyuru • Nov 28
ATIF Holdings Receives Non-Compliance Letter from Nasdaq Regarding Minimum Bid Price Requirement On November 26, 2024, ATIF Holdings Limited (the Company") received a delinquency notification letter (the Notice") from the Nasdaq Stock Market LLC (Nasdaq") due to the failure of the Company's common stock to maintain a minimum bid price of $1 per share for 30 consecutive business days as required by Nasdaq Listing Rule 5450(a)(1). In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided 180 calendar days, or until April 14, 2025, to regain compliance. To regain compliance, prior to May 27, 2025, the closing bid price of the Company's common stock must be at least $1 for a minimum of ten consecutive business days. If the Company fails to timely regain compliance with Nasdaq Listing Rules, the Company's common stock will be subject to delisting from Nasdaq. The company intends to monitor closing bid price of its common stock and consider available options to regain compliance with the minimum bid price. However, there can be no assurance that the Company will be able to regain compliance with the minimum bid price requirement or otherwise be in compliance with Nasdaq Listing Rules. Duyuru • Oct 30
ATIF Holdings Limited announced delayed annual 10-K filing On 10/29/2024, ATIF Holdings Limited announced that they will be unable to file their next 10-K by the deadline required by the SEC. Board Change • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. CFO & Director Yue Ming was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Jul 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 7.9% per year over the past 5 years. Revenue is less than US$1m (US$500k revenue). Minor Risks Shareholders have been diluted in the past year (24% increase in shares outstanding). Market cap is less than US$100m (US$10.1m market cap). Duyuru • Jun 29
ATIF Holdings Limited, Annual General Meeting, Jul 26, 2024 ATIF Holdings Limited, Annual General Meeting, Jul 26, 2024. Location: 25391 commercentre dr., ste 200, ca 92630, lake forest United States Reported Earnings • Jun 17
Third quarter 2024 earnings released: US$0.082 loss per share (vs US$0.035 loss in 3Q 2023) Third quarter 2024 results: US$0.082 loss per share (further deteriorated from US$0.035 loss in 3Q 2023). Revenue: US$200.0k (up 100% from 3Q 2023). Net loss: US$807.6k (loss widened 141% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has fallen by 44% per year, which means it is performing significantly worse than earnings. New Risk • May 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 12% per year over the past 5 years. Revenue is less than US$1m (US$400k revenue). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). Market cap is less than US$100m (US$10.6m market cap). Duyuru • May 22
ATIF Holdings Receives Deficiency Letter from the Nasdaq Listing Qualifications Department of the Nasdaq Regarding Minimum Bid Price Requirement On May 20, 2024, ATIF Holdings Limited received a deficiency letter from the Nasdaq Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the last 30 consecutive business days, the closing bid price for the Company’s ordinary shares has been below the minimum $1.00 per share required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”). The Nasdaq deficiency letter has no immediate effect on the listing of the Company’s ordinary shares, and its ordinary shares will continue to trade on The Nasdaq Capital Market under the symbol “ATIF” at this time. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been given 180 calendar days, or until November 18, 2024, to regain compliance with the Minimum Bid Price Requirement. If at any time before November 18, 2024, the bid price of the Company’s common stock closes at $1.00 per ordinary share or more for a minimum of 10 consecutive business days, the Staff will provide written confirmation that the Company has achieved compliance. If the Company does not regain compliance with the Minimum Bid Price Requirement by November 18, 2024, the Company may be afforded a second 180 calendar day period to regain compliance. To qualify, the Company would be required to notify Nasdaq of its intent to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. Following a transfer to The Nasdaq Capital Market, the Company will be afforded the second 180 calendar day period to regain compliance, unless it does not appear to Nasdaq that it is possible for the Company to cure the deficiency. If the Company does not regain compliance with the Minimum Bid Price Requirement by the end of the compliance period (or the second compliance period, if applicable), the Company’s ordinary shares will become subject to delisting. In the event that the Company receives notice that its ordinary shares is being delisted, the Nasdaq listing rules permit the Company to appeal a delisting determination by the Staff to a hearings panel. The Company intends to monitor the closing bid price of its ordinary shares and may, if appropriate, consider available options to regain compliance with the Minimum Bid Price Requirement, including initiating a reverse stock split. However, there can be no assurance that the Company will be able to regain compliance with the Minimum Bid Price Requirement or will otherwise be in compliance with other Nasdaq Listing Rules. Duyuru • May 03
ATIF Holdings Limited announced that it has received $2.343792 million in funding On May 1, 2024, ATIF Holdings Limited closed the transaction. The transaction included participation from two non US investors. The company has raised $2,343,792 in the transaction. Reported Earnings • Mar 20
Second quarter 2024 earnings released: US$0.042 loss per share (vs US$0.084 profit in 2Q 2023) Second quarter 2024 results: US$0.042 loss per share (down from US$0.084 profit in 2Q 2023). Revenue: US$25.0k (down 99% from 2Q 2023). Net loss: US$407.6k (down 150% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 47% per year, which means it is performing significantly worse than earnings. Duyuru • Nov 26
ATIF Holdings Receives Non-Compliance Notice from Nasdaq Regarding Non-Compliance with Nasdaq Listing Rule 5550(b)(1) On November 22, 2023, ATIF Holdings Limited (the ‘Company’) received a notice (the ‘Notice’) from the Listing Qualifications staff of The Nasdaq Stock Market (‘Nasdaq’) notifying the Company that the Company’s stockholders’ equity as reported in its Annual Report on Form 10-K for the period ended July 31, 2023 (‘2023 10-K’), did not satisfy the continued listing requirement under Nasdaq Listing Rule 5550(b)(1) for the Nasdaq Capital Market, which requires that a listed company’s stockholders’ equity be at least $2,500,000. In its 2023 10-K, the Company reported stockholders’ equity of $1,539,353, and, as a result, does not currently satisfy Nasdaq Marketplace Rule 5550(b)(1). The Notice has no immediate effect on the Company’s listing on the Nasdaq Capital Market. In accordance with Nasdaq rules, the Company has up till January 8, 2024, or 45 calendar days from the date of the Notice to submit a plan to regain compliance with Nasdaq Listing Rule 5550(b)(1). The Company intends to submit a compliance plan within the prescribed timeline and will evaluate available options to resolve the deficiency and regain compliance. If the Company’s compliance plan is accepted, the Company may be granted up to May 20, 2024, or 180 calendar days from November 22, 2023, to evidence compliance. Duyuru • Oct 31
ATIF Holdings Limited announced delayed annual 10-K filing On 10/30/2023, ATIF Holdings Limited announced that they will be unable to file their next 10-K by the deadline required by the SEC. New Risk • Oct 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$1.3m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 22% per year over the past 5 years. Minor Risks Revenue is less than US$5m (US$3.2m revenue). Market cap is less than US$100m (US$11.0m market cap). Duyuru • Jun 30
ATIF Holdings Limited, Annual General Meeting, Jul 28, 2023 ATIF Holdings Limited, Annual General Meeting, Jul 28, 2023, at 10:00 Pacific Standard Time. Location: 25391 Commercentre Dr., Ste 200 Lake Forest California United States Agenda: To re-elect five directors to the Board of Directors of ATIF HOLDINGS LIMITED to serve until their successors are duly elected and qualified at the 2024 annual meeting of shareholders or until their earlier resignation or removal; and to ratify the appointment of ZH CPA, LLC as the independent registered public accounting firm of the Company for the fiscal year ending July 31, 2023. Duyuru • Nov 01
ATIF Holdings Limited announced delayed annual 10-K filing On 10/31/2022, ATIF Holdings Limited announced that they will be unable to file their next 10-K by the deadline required by the SEC. Duyuru • Jun 18
ATIF Holdings Limited, Annual General Meeting, Jul 25, 2022 ATIF Holdings Limited, Annual General Meeting, Jul 25, 2022, at 10:00 US Eastern Standard Time. Location: 25391 Commercentre Dr., Ste 200 Lake Forest California United States Agenda: To ratify the appointment of ZH CPA, LLC as the independent registered public accounting firm for the fiscal year ending July 31, 2022, be approved; to consider the executive changes; and to consider other business matters. Duyuru • May 06
ATIF Holdings Limited (NasdaqCM:ATIF) entered into agreement to acquire 5.25% equity stake in Solarever Ltd. ATIF Holdings Limited (NasdaqCM:ATIF) entered into agreement to acquire 5.25% equity stake in Solarever Ltd on May 4, 2022. Under the terms of the agreement, the Company will receive a 5.25% equity stake in Solarever and lead the IPO process by utilizing internal staff and engaging third parties in auditing, valuation, stock exchange consulting, investor relations, and other IPO services. Duyuru • Apr 06
Atif Holdings Limited Announces Launch of ATIF Bossman NFT Collection on OpenSea, the Largest NFT Marketplace in the World ATIF Holdings Limited announced that it has launched the first internally developed NFT collection, "ATIF Bossman," based on the likeness of ATIF's President, Chairman of the Board, and CEO, Mr. Jun Liu. launch aims to demonstrate the capabilities of ATIF's new NFT service division, NFTDPO. ATIF has established a business and technical cooperation with OpenSea, the largest NFT Marketplace in the world and where an estimated 250,000 people trade NFTs each month, to issue NFT collections that NFTDPO develops on behalf of creators. Duyuru • Dec 01
ATIF Holdings Limited announced delayed 20-F filing On 11/30/2021, ATIF Holdings Limited announced that they will be unable to file their next 20-F by the deadline required by the SEC. Duyuru • Aug 23
ATIF Holdings Announces 5 for 1 Reversed Stock Split to Maintain Its Listing on the Nasdaq Stock Market ATIF Holdings Limited announced that on August 12, 2021, the Board of Directors of the Company approved a reverse stock split (the Reverse Split) of its authorized, issued and outstanding ordinary shares, par value $0.001 per share, at a ratio of 5-for-1 so that every five (5) shares currently authorized and issued is combined into one (1) share. The Company is effecting the Reverse Split in order to maintain its listing on The Nasdaq Stock Market (Nasdaq). As previously disclosed, on July 26, 2021, the Company received notice from the Listing Qualifications Department of Nasdaq indicating that the Company is not in compliance with the minimum bid price requirement of $1.00 per share under the Nasdaq Listing Rules. The company believes that the proposed Reverse Split will assist the Company in regaining compliance under the Nasdaq Listing Rules. Executive Departure • Aug 17
CEO & Director Pishan Chi has left the company During their tenure, earnings grew by 57% annually compared to the industry average of 18%. On the 9th of August, Pishan Chi was replaced as CEO by Jun Liu after 1.1 years in the role. We don't have any record of a personal shareholding under Pishan's name. A total of 3 executives have left over the last 12 months. Under Pishan's leadership, the company delivered a total shareholder return of -59%. Executive Departure • Aug 17
Independent Director Longdley Zephirin has left the company On the 9th of August, Longdley Zephirin's tenure as Independent Director ended after 2.4 years in the role. We don't have any record of a personal shareholding under Longdley's name. A total of 3 executives have left over the last 12 months. Executive Departure • Aug 17
Chief Financial Officer Fang Cheng has left the company On the 9th of August, Fang Cheng's tenure as Chief Financial Officer ended after 2.9 years in the role. We don't have any record of a personal shareholding under Fang's name. A total of 3 executives have left over the last 12 months. Reported Earnings • Jul 11
First half 2021 earnings released: US$0.021 loss per share (vs US$0.082 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: US$949.7k (up 66% from 1H 2020). Net loss: US$1.01m (loss narrowed 67% from 1H 2020). Duyuru • Feb 02
ATIF Holdings Limited Regains Compliance with Nasdaq Minimum Bid Price Requirement ATIF Holdings Limited announced it received notification from the Listing Qualifications Department of The Nasdaq Stock Market ("Nasdaq") 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 January 28, 2021, Nasdaq provided confirmation to the Company that for at least 10 consecutive business days, from January 12 to January 26, 2021, the closing bid price of the Company's ordinary shares has been at $1.00 per share or greater. Accordingly, the Company has regained compliance with Listing Rule 5550(a)(2) and this matter is now closed. Duyuru • Dec 02
ATIF Holdings Limited announced delayed 20-F filing On 12/01/2020, ATIF Holdings Limited announced that they will be unable to file their next 20-F by the deadline required by the SEC. Duyuru • Nov 17
ATIF Holdings Limited Is Rapidly Gaining Momentum With Database Of Over 62,000 Investment Institutions On IPOEX Online Financial Consulting Platform ATIF Holdings Limited announced that to date the Company's online financial consulting service platform IPOEX.com (IPOEX) has accumulated a database of over 62,000 investment institutions all over the world. IPOEX will offer a one-stop solution that includes membership services, IPO advisory and investor relations as well as media services. IPOEX aims to provide financial consulting services to corporate members assisting them to prepare for fund-raising and initial public offerings in the domestic and international markets. IPOEX publishes its members' corporate profile and fund-raising information on IPOEX to further their investor relation development, and also provide online IPO tutorials to its members to educate them to understand the capital market. IPOEX has received an overwhelming response since its official launch on September 2, 2020. As at the date of this press release, IPOEX has accumulated a database of over 62,000 investment institutions, which substantially expands the scope of fast and accurate connection between platform members and financing institutions. On IPOEX, these global investment institutions are classified by regions, investment nature and investment preferences, so platform members could easily reach the most accurate investment institutions and start connecting. In addition to the upgrade of the database, IPOEX has also attracted domestic organizations' attention. IPOEX has established cooperation relationship with more than 10 domestic organizations such as industrial and business organizations, associations and enterprises, which mainly focusing on high-growth enterprises in industry of Internet, big data and innovative technology. Is New 90 Day High Low • Nov 04
New 90-day low: US$0.76 The company is down 53% from its price of US$1.63 on 06 August 2020. The American market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is up 1.0% over the same period. Duyuru • Oct 29
ATIF Holdings Limited Announces Additional $1 Million Consulting Service Agreement with Lendmerit Inc ATIF Holdings Limited announced the Company entered into a consulting service agreement dated Oct. 23, 2020, to serve as a business advisor for Lendmerit Inc. The Agreement was signed in anticipation of Lendmerit to enter into the U.S. capital market. Pursuant to the Agreement, ATIF agreed to provide Lendmerit with services including business consulting such as business planning and strategies development, capital market advisory for fund raising, and investor and public relations services. As consideration, Lendmerit agreed to pay the Company a fixed consulting fee of $1 million which will be paid in installments subject to certain conditions. Duyuru • Oct 27
ATIF Holdings Limited Signs Consulting Agreements with McSen Realty Corp. and Promise Logistics Corp. Totaling $2 Million ATIF Holdings Limited announced the Company entered into two financial consulting service agreements, dated October 21, 2020 and dated October 22, 2020, to act as a business advisor for McSen Realty Corp.California and Promise Logistics Corp. California providing logistic services nationwide. The Agreements were signed in anticipation of both McSen Realty and Promise Logistics to enter into the U.S. capital market. Pursuant to the Agreements, ATIF agreed to provide both McSen Realty and Promise Logistics with services including business consulting, capital market advisory for business planning and strategy development, planning and assisting with fund raising activities, and investor and public relations services. As consideration, each of McSen Realty and Promise Logistics agreed to pay the Company a fixed consulting fee of US$1 million, to be paid in installments subject to certain conditions. The two Agreements totaled to US$2 million. Duyuru • Oct 13
Atif Holdings Limited Announces Collaboration with Workforce Development Board of the San Bernardino County to Foster Local Employment ATIF Holdings Limited announced that it has recently reached a collaboration arrangement with the Workforce Development Board of the San Bernardino County, California ("San Bernardino WDB") to foster local employment and reemployment. In July, ATIF established its new headquarters in the City of Rancho Cucamonga in San Bernardino County within the Greater Los Angeles area, to expand its business to the North America market. Based on the collaboration arrangement, ATIF will recruit 100 experienced professionals with background in corporate business, marketing and financial market though the career center of San Bernardino WDB. These new talents to be recruited will actively focus on assisting ATIF to establish business relations with U.S. listed companies, and companies that are preparing to be listed on a stock exchange, in order for ATIF to provide investor relations services to these companies, such investor relations services include capital market strategic communications and various media programs. The purpose of the collaboration will also assist the San Bernardino WDB to mitigate the rising problem of unemployment during the current epidemic period, and to alleviate the financial difficulties faced by some local workers whom are no longer qualified for unemployment benefits. Is New 90 Day High Low • Sep 23
New 90-day low: US$1.04 The company is down 46% from its price of US$1.91 on 25 June 2020. The American market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is up 8.0% over the same period. Duyuru • Sep 22
ATIF Holdings Limited Signs Strategic Collaboration with Zhuhai Boxin Technology, Targeting Hi Tech Corporate Clients ATIF Holdings Limited announced that through its viable interest entity, Qianhai Asia Times (Shenzhen) International Finance Services Co. Ltd., it has reached strategic cooperation with Zhuhai Boxin Technology Limited Co., to target explicitly at Zhuhai-based hi-tech enterprises as potential clients for the company's online financial consulting services platform IPOEX.com. This is the third partnership aiming at in-depth collaborations reached between the Company and its invaluable partners within this month, following Dexin Dahua and Wenzhou Chamber of Commerce in Shenyang City. Based on the partnership, Boxin Tech will serve as one of IPOEX's corporate client channels, making fullest use of its rich experience in catering the needs of government-sponsored projects. Boxin Tech, together with IPOEX, will apply to Zhuhai City's relevant authorities to organize specialized consulting events, for the purpose of appealing to Zhuhai-based enterprises operating in internet and information technology, software design and other high-tech field to become members on IPOEX. In return IPOEX will provide all-encompassing, online and offline consulting services in global financial system, equity capital raising, project incubation and IPO advisory for these corporate clients. Duyuru • Sep 18
ATIF Holdings Limited Forms Strategic Cooperation with Shenyang City's Wenzhou Chamber of Commerce on IPOEX Online Financial Consulting Platform ATIF Holdings Limited announced that through its viable interest entity, Qianhai Asia Times (Shenzhen) International Finance Services Co. Ltd., on September 11 it has reached a strategic cooperation with Shenyang City's Wenzhou Chamber of Commerce regarding its recently launched internet financial consulting service platform IPOEX.com to seek in-depth collaboration in order to provide relevant services for companies founded by Wenzhou businessmen in Shenyang, as well as for Wenzhou companies' subsidiaries based in Shenyang. Pursuant to the strategic cooperation agreement dated on September 11, 2020, SYWCC will serve as IPOEX's valuable partner, providing a unique channel for IPOEX to attract corporate clients operating in diversified industries to register as members on the IPOEX. IPOEX will offer a variety of online and offline consulting services for clients including, but not limited to, education on global financial system, fundraising advisory, project incubation, initial public offering-related advising etc. Duyuru • Aug 29
ATIF Holdings Limited Regains Compliance with Nasdaq Listing Requirements ATIF Holdings Limited (NasdaqCM:ATIF), on August 28, 2020 announced that on August 26, 2020, it received a written notice (the "Notice") from the Listing Qualifications Department of The Nasdaq Stock Market ("Nasdaq") that the Company has regained compliance with the Nasdaq's Listing Rules (the "Rules") regarding the annual meeting of shareholders requirement for continued listing on the Nasdaq Capital Market. The Company was previously notified by Nasdaq on August 4, 2020 that it was not in compliance with the annual meeting requirement for continued listing on The Nasdaq Capital Market as a result of not having held an annual meeting of stockholders within 12 months of the end of the Company's fiscal year on July 31, 2020. On August 13, 2020, the Company submitted to Nasdaq its intention to follow home country practice in accordance with Listing Rule 5615(a)(3) and in lieu of Nasdaq's annual meeting requirement. Accordingly, the Company's ordinary shares will continue to be listed on The Nasdaq Capital Market and Nasdaq considers the matter closed. Duyuru • Aug 08
ATIF Holdings Limited Announces Receipt of Nasdaq Notice of Deficiency for Failure to Hold an Annual Meeting of Shareholders ATIF Holdings Limited announced that it received a written notice (the "Notice") from the Listing Qualifications Department of The Nasdaq Stock Market ("Nasdaq") indicating that the Company is not in compliance with the Nasdaq Listing Rules (the "Rules") as a result of not having held an annual meeting of stockholders within 12 months of the end of the Company's fiscal year on July 31, 2020. The Notice is only a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the Company's securities on the Nasdaq Capital Market. The Notice states that, under the Rules, the Company has 45 calendar days to submit a plan to regain compliance with the Rules. The Company intends to submit a plan to regain compliance with the Rules within the required timeframe. If Nasdaq accepts the Company's plan, Nasdaq may grant the Company an extension of up to 180 calendar days from the Company's fiscal year end, or until January 31, 2021, to regain compliance. The Notice further states that in determining whether to accept the Company's plan, Nasdaq will consider such things as the likelihood that the annual meeting can be held within the 180-day period, the Company's past compliance history, the reasons for the delayed meeting, other corporate events that may occur during the review period, the Company's overall financial condition and its public disclosures. If Nasdaq does not accept the Company's plan, the Company will have the opportunity to appeal the decision in front of a Nasdaq Hearings Panel. The Company is planning to hold its annual shareholders meeting on November 3, 2020. Duyuru • Jul 30
ATIF Holdings Limited (NasdaqCM:ATIF) completed the acquisition of 31.5% stake in Leaping Group Co., Ltd. from group of sellers. ATIF Holdings Limited (NasdaqCM:ATIF) signed a share exchange agreement to acquire 31.5% stake in Leaping Group Co., Ltd. from group of sellers for $12.3 million on April 8, 2020. ATIF Holdings will acquire 6.3 million shares and will issue 7.1 million shares as consideration. ATIF Holdings also entered into debt conversion agreement with Leaping Group. After the completion of the transactions pursuant to the debt conversion and share purchase agreement and the share exchange agreement, ATIF shall be the controlling shareholder of Leaping Group, holding approximately 51.2% of the total outstanding shares of Leaping Group. The transaction is subject to approval from the Board of Leaping Group, due diligence of Leaping Group, approval from Board of ATIF Holdings, execution of all related transactional and ancillary agreements, completion of any required stock exchange and regulatory review, including Nasdaq and the SEC, and receipt of any required regulatory approvals and necessary third-party approvals. The transaction is expected to close within five days after conditions to the transaction were fulfilled. Tina Xiao of Ascent Investor Relations LLC investor relations advisor to ATIF Holdings Limited.
ATIF Holdings Limited (NasdaqCM:ATIF) completed the acquisition of 31.5% stake in Leaping Group Co., Ltd. from group of sellers on April 22, 2020. As of April 22, 2020, ATIF Holdings Limited also completed the Debt Conversion Agreement and hence holds 51.2% stake in Leaping Group Co., Ltd. Duyuru • Jul 21
ATIF Holdings Limited Announces Executive Changes On July 10, 2020, Mr. Jun Liu stepped down from his position as Chief Executive Officer of ATIF Holdings Limited effective immediately. On July 10, 2020, the Board appointed Pishan Chi to the Company’s Board to fill the vacancy created by the resignation of Ms. Wang. In addition, Mr. Chi will serve as the CEO of the Company. Mr. Chi served as the Production Assistant Manager of ASIAPAC (Dongguan) Biotech Ltd. from September 2009 to April 2016. From May 2016 to December 2016, Mr. Chi served as Platform Service Assistant at Asia-America (Shenzhen) Co. Ltd. Since January 2016, Mr. Chi served as IPO Service Specialist for the Company.