CLPS Hong Kong Partners with a Non-Profit Organization for Talent Creation Program, Advances Global Expansion Strategy

HONG KONG,Dec. 1,2020 -- CLPS Incorporation (Nasdaq: CLPS) ("CLPS" or "the Company"),today announced that,through its wholly-owned subsidiary,CLPS Technology (Hong Kong) Co. Ltd.,it has established the Cooperative Education on Information Technology Program ("Coop Program") in partnership with Hong Kong Multimedia Design Association ("HKMMDA"),a non-profit organization in Hong Kong. The Coop Program aims to develop next generation of young talents to be fully equipped in their future career in the financial technology industry.

It marks the first successful implementation of CLPS's Talent Creation Program ("TCP") in Hong Kong,wherein more than 20% of the first batch of qualified trainees under the Coop Program have been onboarded to local banks. With the consistent demand for IT talents,the next batch of training is now in the works.

Founded in 2015,HKMMDA promotes employment in Hong Kong. Its information technology education arm,the Innovation Academy,provides fundamental skill sets to achieve the fintech industry demand.

CLPS's capability of providing customized talent training program proved to be an effective solution to address the IT talent shortage in the financial industry,which has also become CLPS's edge among its competitors. The Company's partnership with HKMMDA and the successful implementation of TCP in Hong Kong not only reflect the strong demand for IT services in the Hong Kong market,but also indicate further advancement of CLPS's global expansion strategy.

CLPS is always fully committed to fulfilling client's needs,cultivating talent,actively expanding Hong Kong and international businesses,constantly improving the Company's competitive advantages,and providing clients with better IT services.

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 sectors. The Company serves as an IT solutions provider to a growing network of clients in the global financial industry,including large financial institutions in the US,Europe,Australia,Southeast Asia and Hong Kong,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 onFacebook,LinkedIn,andTwitter.

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,and involve known and unknown risks,uncertainties and other factors,which may be beyond the Company's control,and which may cause the actual results,performance,capital,ownership or achievements of the Company to be materially different from future results,performance or achievements expressed or implied by 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 financial and operational performance in the second half and full year of fiscal 2020,its expectations of the Company's future performance,its preliminary outlook and guidance offered in this presentation,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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