ATIF’s Investment in Renewable Energy Business Grows Rapidly as Demand Grows


LOS ANGELES, August 8, 2022 /PRNewswire/ — ATIF Holdings Limited (Nasdaq: ATIF, the “Company”, “ATIF” or “We”), a holding company providing business and financial advisory services in Asia and North Americais pleased to announce that the company’s IPO advisory services client and investment stake in Solarever Ltd. (“Solarever”), a Mexican solar energy and electric vehicle company, saw an increase in 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% stake in Solarever.

Since February 2022, global crude oil prices have soared amid rising global demand and supply issues, making the clean energy sector, especially solar, more attractive. World crude oil prices have exceeded $100 per barrel to mid-May 2022 for the first time since 2014. Some energy sector analysts say rising global prices for crude oil, natural gas and electricity could potentially be a longer-term catalyst for accelerating the development of renewable energy capacity globally through a variety of technologies, including solar, wind and green hydrogen.

Solarever is the leading designer and manufacturer of solar products in Mexicohas the largest solar panel manufacturing plant in Latin America in Tecoman, Colima, Mexico, and has a total of three factories in Mexico that are considered among the largest in Latin America. Solarever has a photovoltaic design facility in Chino, Californiaand warehouses in Laredo, Texasand San Diego, California. Additionally, Solarever launched its first EV in 2022 and is licensed to sell EVs in Mexico.

Jun LiuChairman, Chairman and CEO of ATIF, said, “We saw the huge potential in the solar PV industry when we provided IPO advisory services to Solarever and seized the opportunity to invest in Solarever before its IPO. We are very happy to hear good news from Solarever that its sales have increased significantly! This is likely due to the recent surge in prices for crude oil, natural gas and other energy sources, which has led to strong demand for clean energy such as solar power We are very pleased with the growth of Solarever and we look forward to a higher level of growth. »

About ATIF Holdings Limited

ATIF Holdings Limited (“ATIF”) is a Los AngelesComprehensive financial group with wholly owned and operated subsidiaries: ATIF-1 Hedge Fund Company, ATIF Equity Investment Company, ATIF IPO Advisory Company and 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 received the “Top 10 Best Listed Companies 2019” from the “Golden Bauhinia Award”, the highest distinction in that of Hong Kong the financial and securities industry. For more information, please visit https://ir.atifchina.com/.

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

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

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SOURCE ATIF Holdings Limited

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