ATIF Holdings Limited Forms Strategic Cooperation with Shenyang City's Wenzhou Chamber of Commerce on IPOEX Online Financial Consulting Platform

SHENZHEN,China,Sept. 17,2020 -- ATIF Holdings Limited (Nasdaq: ATIF,the "Company"),a company providing business consulting and multimedia services in Asia,announced that through its viable interest entity,Qianhai Asia Times (Shenzhen) International Finance Services Co. Ltd.,on September 11 it has reached a strategic cooperation with Shenyang City's Wenzhou Chamber of Commerce ("SYWCC") regarding its recently launched internet financial consulting service platform IPOEX.com("IPOEX") to seek in-depth collaboration in order to provide relevant services for companies founded by Wenzhou businessmen in Shenyang,as well as for Wenzhou companies' subsidiaries based in Shenyang.

Pursuant to the strategic cooperation agreement dated on September 11,2020,SYWCC will serve as IPOEX's valuable partner,providing a unique channel for IPOEX to attract corporate clients operating in diversified industries to register as members on the IPOEX. IPOEX will offer a variety of online and offline consulting services for clients including,but not limited to,education on global financial system,fundraising advisory,project incubation,initial public offering-related advising etc.

Mr. Jinlin Cai,Chief Secretary of SYWCC,said,"We look forward to working with ATIF. Through this collaboration,we hope the systematic financial knowledge and professional membership services provided by IPOEX can help fill up the gap existed in the limited understanding of our member companies about global capital market,so that to assist them realize sustainable development via capital."

Mr. Pishan Chi,CEO of ATIF said,"We are delighted to reach strategic collaboration with SYWCC,following the sign-up of IPOEX's cooperation with investment institution Dexin Dahua. SYWCC has accumulated rich enterprise resources,co-established over thousands of companies in Shenyang,ranging from auto parts,mechanical manufacturing and real estate industries. We believe through our intimate cooperation,we are able to provide comprehensive financial and IPO consulting services for local companies,to assist them to make debuts on global capital markets."

About Shenyang City's Wenzhou Chamber of Commerce

The SYWCC was set up in 1999,it plays an important role in attracting commerce,discipline industries,protecting commercial rights,coordination and communication among its member companies. Its mission is to help promote the development of the member enterprises in Liaoning Province and Shenyang region. Its member companies also play a great role in driving up Liaoning's economic growth. Locally it helped establish thousands of companies,in electronics,apparel,auto parts,mechanical manufacturing,printing and real estate industries. So far the total amount of investments the SYWCC helped attract into Shenyang amounted to over RMB 100 billion,creating over 200,000 jobs,in all making a positive impact on stimulating local economic growth in Shenyang.

About ATIF Holdings Limited

Headquartered inShenzhen,ATIF Holdings Limited ("ATIF") is a company providing business consulting services to small and medium-sized enterprises inAsia,including going public consulting services,international business planning and consulting services,and financial media services.ATIFhas advised several enterprises inChinain their plans to become publicly listed in theU.S.Through its majority-owned subsidiary,Leaping Group Co.,Ltd.,ATIFalso provides multimedia services and is engaged in three major businesses,including multi-channel advertising,event planning and execution,film and TV program production and movie theater operations.ATIFoperates the largest pre-movie advertising network inHeilongjiang ProvinceandLiaoning ProvinceofChinaand also provides advertising services in elevators and supermarkets.ATIFis often hired to plan both online and offline advertising campaigns and to produce related advertising material. In addition,ATIFinvests in films and TV programs and distributes them in movie theaters or through online platforms.ATIF is also one of majority shareholders ofAeroCenturyCorp. (NYSE American: ACY) which is an independent global aircraft operating lessor and finance company specializing in leasing regional jet and turboprop aircraft and related engines to airlines and commercial users worldwide.For more information,please visithttps://ir.atifchina.com/.

Forward-Looking Statements

Certain statements made in this release are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release,the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are notguaranteeof future performance,conditions or results,and involve a number of known and unknown risks,uncertainties,assumptions and other important factors,many of which are outside the Company's control,that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors,among others,are: future financial and operating results,including revenues,income,expenditures,cash balances and other financial items; ability to manage growth and expansion; current and future economic and political conditions;abilityto compete in an industry with low barriers to entry; ability to continue to operate through our VIE structure; ability to obtain additional financing in the future to fund capital expenditures; ability to attract new clients and further enhance brand recognition; ability to hire and retain qualified management personnel and key employees; trends and competition in the financial consulting services industry; a pandemic or epidemic; and other factors listed in the Company's annual report on Form 20-F and otherdocumentsfiled with the Securities andExchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances,or changes in its expectations,except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable,it cannot assure you that such expectations will turn out to be correct,and the Company cautions you that actual results may differ materially from the anticipated results expressed or implied by the forward-looking statements we make. You should notrely upon forward-looking statements as predictions of future events. Forward-looking statements represent our management's beliefs and assumptions only as of the date such statements are made. These forward-looking statements are made as of the date of this news release.

For more information,please contact Investor Relations at:

EverGreenConsulting Inc.

Janice Wang

+86-13811768559

+1-908-510-2351

IR@changqingconsulting.com

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