ATIF Holdings Limited Signs Strategic Collaboration with the Industry and Information Technology Bureau of Dongshan County in Fujian Province

SHENZHEN,China,Oct. 15,2020 --ATIF Holdings Limited (Nasdaq: ATIF,the"Company"),a company providing business consulting and multimedia services in Asia,today announced that through its viable interest entity,Qianhai Asia Times (Shenzhen) International Finance Services Co. Ltd.,it signed a strategic collaboration agreement on October 11,2020 with the Industry and Information Technology Bureau of Dongshan County in Fujian Province ("Dongshan IITB"),to target the Dongshan-based enterprises as potential clients for the Company,for its financial consulting and overseas listing advisory services.

Based on the strategic collaboration,Dongshan IITB will be responsible for organizing financial forums,salons and exchange activities for the local enterprises to connect with ATIF. ATIF will provide its professional services such as investment and financing consulting,connection of investment institutions and overseas listing advisory to the companies selected by Dongshan IITB.

Mr. Zhiyuan Ye,Deputy Director of Dongshan IITB commented,"Hopefully this strategic collaboration can provide opportunities for local enterprises in various industries to learn more about international financing and capital market,and we also believe the professional services from ATIF will enable the selected companies to further their business development with better capital planning and management."

Mr. Pishan Chi,CEO of the Company commented,"We look forward to collaborating with Dongshan IITB and to serving the local enterprises. Dongshan County government has implemented policy to support local innovative hi-tech enterprises and such initiatives have been working very well. With the rapid development of the local businesses in Dongshan and the efficient policy support of the government,we are confident that we will be able to assist more emerging enterprises in Dongshan County to obtain overseas listing and/or financing."

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.ATIF operates an internet-based financial consulting service platform IPOEX.com,which provides prestige membership services including online capital market information,pre-IPO education and matchmaking services between SMEs and financing institutions. 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.

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