CLPS Incorporation Signs Vendor Agreement with a Well-Known U.S. Digital Payment Platform, Ramps Up Global Expansion Strategy

HONG KONG,Feb.17,2021 -- CLPS Incorporation (Nasdaq: CLPS) ("CLPS" or "the Company"),today announced that,through its wholly-owned subsidiary,CLPS Technology (California) Inc. ("CLPS California"),it has signed a vendor agreement (the "Agreement") with a well-known U.S. digital payment platform (the "Client") to provide IT services,including data analysis and payment risk management for their international business.

Growing beyond the Mainland China market,CLPS has been extending its presence and client base internationally,including blue chip financial institutions to meet the strong demand for IT services. The Company's competitive advantage and expertise in the payment industry are contributing factors that made the contract with the Client headquartered in the U.S. possible. It enables the well-established business relationship of both parties to transpire in the international market.

Mr.Matthew Tang,Chief Executive Officer of CLPS US & HK,said,"We are extremely honored that for more than six years of cooperation,the Client has awarded us with a global contract. This also aligns with our global strategy by leveraging our expertise in the financial industry with globally competitive IT services to achieve and exceed exceptional client satisfaction."

Mr. Henry Li,Chief Operating Officer of CLPS,"The pace of change across the payment industry has significantly accelerated in the span of the COVID-19 pandemic,which reshaped the people's lives across the world. It has always been our commitment to deliver comprehensive IT services to the Client ensuring a safe and secured online payment transactions. In addition,the new contract we gained is another step forward in our U.S. footprint."

About CLPS Incorporation

Headquartered inHong 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 AsiaandHong Kong,and their PRC-based IT centers. The Company maintains 19 delivery and/or research & development centers to serve different customers in various geographic locations. MainlandChinacenters are located inShanghai,Beijing,Dalian,Tianjin,Baoding,Chengdu,Guangzhou,Shenzhen,Hangzhou,Suzhou,and Hainan. The remaining eight global centers are located in Hong Kong SAR,USA,UK,Japan,Singapore,Malaysia,andIndia. 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 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

Rhon Galicha

Investor Relations Office

Phone: +86-182-2192-5378

Email:ir@clpsglobal.com

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