CLPS Singapore CEO Addresses Strategy to Boost Fintech Talent in Southeast Asia at SYNC SEA 2019 Summit

SHANGHAI,Dec. 27,2019 -- CLPS Incorporation (Nasdaq: CLPS) ("CLPS" or "the Company"),today announced that Mr. Srustijeet Mishra,CLPS Singapore CEO,represented the Company as a guest speaker for the SYNC SEA 2019 Summit,held on December 6,2019,in Singapore.

In his remarks,Mr. Mishra discussed the Company's efforts to help develop fintech talent in Southeast Asia. "With the shortfall of fintech talent in Southeast Asia,CLPS Singapore aims to develop more talent to fill the gap along the way. This effort is now feasible as the Company has further expanded its business operation in the region," he said during his speech.

According to a report conducted by Michael Page Singapore,a recruitment firm,94% of fintech companies surveyed agreed that Singapore is facing a major shortage of fintech talent.

Hosted by PingWest,a service provider for technology companies and a technology news website,the SYNC SEA 2019 Summit aims to bridge the technology industries between China and Southeast Asia. Speakers at the event included executives from blue-chip companies in the IT industry,such as Alibaba Cloud,Google Cloud,Twitter and Ant Financial.

Ms. Shu Zhao,Chief Marketing Officer of PingWest,commented,"Southeast Asia's digital transformation is underway,but the shortage of homegrown tech talent is one of the most pressing issues in the region. It is impressive to see that CLPS,a China-based IT consulting and solutions service provider with an international perspective,has launched its strategic deployment here. We believe that the solution mentioned in Mr. Mishra's speech will help more fintech companies in Singapore and Southeast Asia to solve the problem of talent shortage while achieving greater development."

The active participation of CLPS in this conference affirms the industry's recognition of the Company's capability in providing IT services. Conforming to the conference's theme,"Shape the Future," CLPS's contributions help shape the future generation of fintech talent by sharing its expertise where it is needed most.

About CLPS Incorporation

Headquartered in Shanghai,China,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 and Hong Kong SAR and their PRC-based IT centers. The Company maintains 18 delivery and/or research & development centers to serve different customers in various geographic locations. Mainland China centers are located in Shanghai,Beijing,Dalian,Tianjin,Baoding,Chengdu,Guangzhou,Shenzhen,Hangzhou and Suzhou. The remaining eight global centers are located in Hong Kong SAR,USA,UK,Japan,Singapore,Malaysia,Australia,and India. For further information regarding the Company,please visit: http://ir.clpsglobal.com/.

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

Email: ir@clpsglobal.com

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