HONG
KONG, Aug. 27, 2024 /PRNewswire/ -- CLPS
Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS) announced
today the successful grand opening of its wholly-owned Singapore-based learning institution, College
of Allied Educators Pte. Ltd. ("CAE"). This milestone marks a
strategic move to vertically integrate the Company's business with
academic education.
The opening ceremony brought together distinguished leaders and
industry experts from various sectors. Attendees included Dr.
Han Jun, Minister Counsellor
(Educational Affairs) of the Embassy of the People's Republic of China in Singapore; Mr. Paul
Xiaofeng Yang, Chairman of CLPS; Mr. Raymond Minghui Lin, CEO of CLPS and Chairman of
CAE; Mr. Guo Hang, VP of
Guangzhou College of Commerce
("GCC"); Mr. Dominic Ramsden, Head
of Academic Quality Enhancement at Leeds Beckett University in the
UK; and Ms. Monika Jephcott, CEO and
Clinical Director of Play Therapy UK. The event also saw CAE
representatives and other prominent figures from academia and the
industry coming together to witness this momentous occasion.
During the ceremony, Mr. James
Zhang, Managing Director and representative of CAE, signed a
Memorandum of Understanding ("MoU") with Leeds Beckett University
to introduce IT and business management programs at the
undergraduate and postgraduate levels. Additionally, CAE signed
MoUs with GCC, Shandong Polytechnic College, and Shandong Xiehe
University to collaborate on 2+2 and bachelor's to master's degree
programs. The signing was jointly witnessed by Mr. Wilson Wong, Vice Principal of CAE, and Mr.
Tan Teck Leng, College Director of
CAE, both of whom expressed their optimism and confidence in future
collaborations.
Since CLPS acquired CAE in January
2024, the two parties have worked together to eliminate the
barriers between academic education and business practice. A
diverse faculty of over 100 members, including seasoned professors,
industry experts, and associates, is working diligently to achieve
this. Moreover, significant investments are being made to develop a
state-of-the-art urban campus in Singapore's financial business district.
Moving forward, CAE plans to establish applied skills facilities
and a business mentorship program to provide students with
internship opportunities, project collaborations, and career
guidance.
Mr. Raymond Minghui Lin stated,
"The grand opening of CAE signifies a significant milestone in the
Company's diversification. It presents an additional revenue
stream, with projected contributions of approximately 17% to our
revenue generated in Singapore. By
cultivating a strong synergy between business and education, CAE
will not only elevate the learning experience for students but also
revitalize CLPS's sustainable development, leading to a mutually
beneficial relationship."
Dr. Han Jun extended his warm
congratulations on behalf of the Chinese Embassy in Singapore. He said, "CLPS's deep integration
with the education sector has opened up new avenues for Chinese
companies to expand their global reach. By synergizing business
practices with educational approaches and leveraging the strengths
of both countries' resources, we can promote a culture of lifelong
learning. We hope that CAE will make even greater contributions to
society in the future, help improve employment rates, and actively
take on more social responsibility."
About CLPS Incorporation
Headquartered in Hong Kong,
CLPS Incorporation 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, Canada, and UAE. 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