HONG
KONG, Dec. 14, 2022 /PRNewswire/ -- CLPS
Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS),
today announced that on December 14,
2022, its Board of Directors has approved and declared a
special cash dividend of $0.05 per
share payable on January 10, 2023 to
shareholders of record as of December 29,
2022. The aggregate amount of the payment to be made in
connection with this special cash dividend will be approximately
$1.18 million.
"This special cash dividend reflects the strength of our
business, continued confidence in our long-term outlook, and
commitment to returning capital to shareholders," said Mr.
Raymond Lin, Chief Executive Officer
of CLPS. "Going forward, we remain committed to our feasible
approach to capital allocation and financial growth via the
execution of our dual-engine strategy while also generating value
to our shareholders. In addition, we also intend to declare future
dividends depending on our financial performance."
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 (the "Company") (Nasdaq: CLPS) is a global
leading information technology ("IT") consulting and solutions
service provider focusing on the banking, insurance, and financial
service sectors. The Company serves as an IT solutions provider to
a growing network of clients in the global financial service
industry, including large financial institutions in the US,
Europe, Australia, Southeast
Asia and Hong Kong SAR, and their PRC-based IT centers. 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 nine global centers are
located in Hong Kong SAR, USA,
Japan, Singapore, Australia, Malaysia, India, Philippines and Vietnam. For further information regarding the
Company, please visit: https://ir.clpsglobal.com/, or
follow CLPS on Facebook,
Instagram, LinkedIn,
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