CLPS Incorporation Signs Partnership Agreement with an Established China-Listed Financial IT Company

HONG KONG,June 12,2020 -- CLPS Incorporation (Nasdaq: CLPS) ("CLPS" or "the Company"),today announced that it has signed a Memorandum of Cooperation ("Memorandum") with a Chinese company listed on one of the domestic Chinese stock exchanges ("Partner").

The Partner is an established financial IT company in China and one of China's leading financial asset risk management solution providers. As such,the Partner has maintained high market share in its sector for many years.

Through the Memorandum,CLPS and its Partner have agreed to leverage each other's advantages and resources,including advanced technology research efforts,new product development and promotion,information technology and management talent training initiatives,domestic and overseas market business development,and financial IT project delivery. In addition,both parties will explore joint investment opportunities going forward.

Mr. Raymond Lin,Chief Executive Officer of CLPS,said,"We hope to continuously expand our globally competitive business through industry cooperation and mutual promotion with market leaders. The complementary advantages of this partnership will enable us to achieve further growth in the financial IT field."

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,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,and India. For further information regarding the Company,please visit: http://ir.clpsglobal.com/,or follow CLPS on Facebook,LinkedIn,and Twitter.

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 athttp://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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