ATIF Releases First Quarter Financial Report, Achieving First-time Profit in US Business

LAKE FOREST,Calif.,March 22,2023 -- ATIF Holdings Limited (NASDAQ: ATIF),hereafter referred to as "the Company" or "ATIF," is pleased to announce its first-quarter financial report,which showed growth in the first quarter. As the pandemic subsides,our net revenue has significantly increased to $0.8 million in the second quarter of this year (November 1,2022,to January 31,2023) from a net loss of $1.3 million for the same period last year (November 1,2021,2022).

Our success is largely due to our strategic transformation,as we have gradually shifted our main business to the North American region,with the US market becoming our primary service market. As our US business continues to expand,it has driven the high- growth of our IPO consulting business,and we are pleased to see our scale effect gradually becoming apparent.

Jun Liu,President,Chairman of the Board,and CEO of ATIF,commented: "Over the past quarter,we have actively responded to various changes in the macroeconomic environment and continuously strengthened our ability to create value for customers,always focusing on long-term strategies."

About ATIF

ATIF Holdings Limited (NASDAQ: ATIF) is a Lake Forest-based business consulting company that specializes in providing professional IPO,M&A advisory,and post-IPO compliance services to small and medium-sized companies seeking to go public on a stock exchange in the United States. The company has a proven track record in successfully delivering comprehensive U.S. IPO consulting services to clients primarily in the United States but also internationally. The mission of ATIF is to provide one-stop,comprehensive consulting services that guide clients through the complex and often challenging process of going public. ATIF recognizes the complexity and challenges associated with the process of going public,and endeavors to simplify it while ensuring optimal outcomes for its clients through its comprehensive consulting services. ATIF has been awarded the "Golden Bauhinia Award",the highest award in the financial and securities industry in Hong Kong,for "Top 10 Best Listed Companies".

Forward-Looking Statements

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