ATIF Holdings Limited Signed Consulting Agreements with McSen Realty Corp. and Promise Logistics Corp. to Enter into the U.S. Capital Market

ATIF Holdings Limited (Nasdaq: ATIF, the "Company" or "ATIF"), a company providing business consulting and multimedia services in Asia, today announced the Company entered into two financial consulting service agreements, dated Oct 21, 2020 and dated Oct 22, 2020 (the "Agreements"), to act as a business advisor for McSen Realty Corp.("McSen Realty"), a leading real estate brokerage in Irvine, California and Promise Logistics Corp.("Promise Logistics"), a large inland logistics company in City of Industry, California providing logistic services nationwide. The Agreements were signed in anticipation of both McSen Realty and Promise Logistics to enter into the U.S. capital market. Pursuant to the Agreements, ATIF agreed to provide both McSen Realty and Promise Logistics with services including business consulting, capital market advisory for business planning and strategy development, planning and assisting with fund raising activities, and investor and public relations services. As consideration, each of McSen Realty and Promise Logistics agreed to pay the Company a fixed consulting fee of US$1 million, to be paid in installments subject to certain conditions. The two Agreements totaled to US$2 million.