ATIF Holdings Applauds Agreement Between PCAOB and China Authorities Related to Public Company Auditing Cooperation

Represents an Important Step in Ensuring Stability for Chinese Companies Listed in the U.S.


Irvine, California, August 31, 2022 -- ATIF Holdings Limited (Nasdaq: ATIF) (the “Company,” “ATIF” or “We”) applauds the recent agreement between the Public Company Accounting Oversight Board (PCAOB) and China authorities relating to public company audit cooperation of Chinese companies that maintain a listing on a U.S. exchange. The agreement was signed by the PCAOB, the China Securities Regulatory Commission and China’s Ministry of Finance. According to stockanalysis, there are currently more than 250 Chinese companies listed on U.S. exchanges, with a current market value over $1 trillion dollars.

Jun Liu, President, Chairman of the Board, and CEO of ATIF, commented, “We applaud the efforts from both the U.S. and China to engage in this important dialogue and negotiate an agreement. This has been a major overhang for more than ten years for Chinese companies considering listings in the U.S. At ATIF, we have a unique perspective on this market as an issuer, as an advisor, and as an investor. I hope this agreement will lead to greater opportunities for Chinese companies to explore going public in the U.S. and will build greater confidence from investors in Chinese companies.”

ATIF’s IPO Advisory Services works with small and medium-sized enterprises, provides a robust team of experts to facilitate the public listing process and provide access to the capital markets throughout the world, including the U.S. Thus far in 2022, ATIF’s IPO Advisory Services has engaged iDea Electronics, Solarever Ltd., Armstrong Logistic Inc., Massimo Motor Sports, LLC, and a technology innovation company based in Hangzhou, China.