ATIF's Investment in Renewable Energy Company Grows at Speed As Demand Expands

LOS ANGELES,Aug. 8,2022 -- ATIF Holdings Limited (Nasdaq: ATIF,the "Company," "ATIF" or "We"),a holding companyproviding business and financial consulting services in Asia and North America,is pleased to announce thatthe Company's IPO advisory services client and investment holding in Solarever Ltd.("Solarever"),a Mexican solar energy and electric vehicle company,has seen a surge in business sales recently. Under the terms of the agreement signed between the Company and Solarever in the second quarter of 2022,ATIF holds a 5.25% equity stake in Solarever.

Since February 2022,global crude oil prices have soared amid increased global demand and due to supply concerns,making the clean energy industry,especially solar,more compelling. Global crude oil prices exceeded $100 per barrel in mid-May 2022 for the first time since 2014. Some energy industry analysts say higher global crude oil,natural gas and electricity prices could potentially be a longer-term catalyst for acceleration of development of renewable energy capacity globally across a variety of technologies including solar,wind and green hydrogen.

Solareveris the leading designer and manufacturer of solar productsin Mexico,ownsLatin America'slargest solar panel manufacturing plant inTecoman,Colima,Mexico,and has a total of three plants inMexicothat are considered some of the largest inLatin America. Solareverhas PV design facility inChino,California,and warehouse facilities inLaredo,Texas,andSan Diego,California. In addition,Solareverlaunched its first EV in 2022andis licensed to sell EVs inMexico.

Jun Liu,President,Chairman of the Board,and CEO of ATIF,commented,"We saw the huge potential of the solar PV industry when we provided IPO advisory services to Solarever and took the opportunity to make a investment in Solarever before its IPO. We are very excited to hear good news from Solarever that its sales have dramatically increased! This is probably due to the recent surge in the price of crude oil,natural gas and other energy sources,which has led to a strong demand for clean energy such as solar energy. We are very pleased with Solarever's growth and look forward to a higher level of growth."

About ATIF Holdings Limited

ATIF Holdings Limited ("ATIF") is a Los Angeles-based comprehensive financial group with wholly owned and operated subsidiaries: ATIF-1 hedge funds company,ATIF equity investing company,ATIF IPO advisory company,and the integrated financial services network platform www.IPOEX.com.ATIF is dedicated to providing international asset securitization services,as well as equity investment and asset management services to companies around the world.ATIF was awarded the "Top 10 Best Listed Companies 2019" from the "Golden Bauhinia Award," the highest award in Hong Kong's financial and securities industry. For more information,please visithttps://ir.atifchina.com/.

To learn more about IPOEX,our financial services platform,please visit: https://www.ipoex.com/

For more information about NFTDPO,our NFT service division,please visit https://nftdpo.com/.

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