HONG
KONG, Dec. 14, 2023 /PRNewswire/ -- CLPS
Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS), today
announced that its wholly-owned subsidiary, Qinson Credit Card
Services Limited ("QCC"), has successfully acquired 100% equity of
Purple Potato Finance Limited ("Purple Potato"). This strategic
move enables CLPS to broaden its credit card business within the
Hong Kong market.
Established in 2017, Purple Potato is a licensed money lender,
qualifying it to provide loan services in the Hong Kong region.
QCC boasts a workforce of hundreds of experienced professionals
and a dedicated team responsible for the development and operation
of its scalable credit card V+ system. Its expertise extends across
various countries, currencies, and credit card system modules,
delivering successful implementation of credit card projects for
numerous large banks and financial institutions. QCC's proprietary
credit card system, CAKU 2.0, represents a significant innovation,
challenging the traditional notion that the core banking system can
only be deployed through mainframe. By maximizing the cost and
ecological advantages of open platforms in core banking system
development and operation, CAKU 2.0 offers a comprehensive and
efficient solution.
As an international financial hub, Hong Kong provides CLPS with a unique
opportunity to leverage its developed financial system and thriving
economic environment. With Purple Potato's money lending license,
it grants immediate access to the credit card service market in
Hong Kong. Going forward, QCC
plans to collaborate closely with Fuson Group Limited, a CLPS
subsidiary, leveraging Purple Potato's qualifications and QCC's
credit card product strengths to capitalize on the recovery of the
Hong Kong tourism industry. This
strategy aims to provide innovative credit card services for
consumers in Hong Kong.
Mr. Raymond Lin, Chief Executive
Officer of CLPS, said: "As Asia's leading financial hub,
Hong Kong presents a lucrative
opportunity with its well-established infrastructure and robust
regulatory framework. The acquisition of Purple Potato marks a
significant step in CLPS's diversification strategy. This move not
only expands our business scope, but also seamlessly integrates our
credit card services, offering a comprehensive solution for
end-users. By acquiring Purple Potato, we have laid a groundwork
for securing sustainable revenue streams in the future."
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 focused on delivering services primarily to global
institutions on the banking, wealth management, e-commerce, and
automotive sectors. The Company serves as an IT service provider to
a growing network of clients in the global financial service
industry, including large financial institutions in the U.S.,
Europe, Australia, Asia, and their PRC-based IT centers. The
Company maintains 20 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 10 global centers are
located in Hong Kong SAR, USA,
Japan, Singapore, Australia, Malaysia, India, Philippines, Vietnam, and Canada. 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