ATIF Holdings Limited Announces 2021 Business Development Plan, Expecting High Growth During The Year
High-return Asset Management Services
The Group has launched its initial venture into equity investments in January 2021 and has brought ideal results. Following a careful assessment of the stock market and the development of a unique "liquidity + volatility" short-term trading strategy, the portfolio of equity investment made a strong impact in 2020, generating a gross return of approximately 54.02%, surpassing the S&P 500 Index's annual growth rate of 16.3% in 2020.
The Group completed its asset management qualification filing in
Investment Holding through establishing SPACs
The 2020 pandemic has made SPACs the most popular IPO trend, dominating most of the US IPO market in 2020, with popular target industries including fintech, bio-tech, technology, healthcare, electric vehicle and consumer goods, including two well-known Chinese companies in ed-tech and entertainment fields.
Segmentation of IPO Advisory Services, Launch of SPAC Consulting Services
In response to the boom in
Mr. Pishan Chi, Chief Executive Officer and Director of
"On the other hand, the asset investment business is in a critical start-up phase. We have high expectations for this business as it represents our formal entry into the financial business and brings together our multi-dimensional analytical strategy capabilities, and we will spare no effort to drive the growth and development of this business."
"This year has been very important for
Certain statements made in this 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," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. The numbers of gross return were excluded transaction costs and fees and were gross of management fee and performance incentive. These forward-looking statements are not guarantee 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 outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: future financial and operating results, including revenues, income, expenditures, 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 obtain additional financing in the future to fund capital expenditures; ability to attract new clients and further enhance brand recognition; ability to hire and retain qualified management personnel and key employees; trends and competition in the financial consulting 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 undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions you that actual results may differ materially from the anticipated results expressed or implied by the forward-looking statements we make. You should not rely upon forward-looking statements as predictions of future events. Forward-looking statements represent our management's beliefs and assumptions only as of the date such statements are made. These forward-looking statements are made as of the date of this news release.
Anna Huang, +86-139-2726-7157, firstname.lastname@example.org