CLPS Incorporation

Hello everyone and welcome to the first half of fiscal year 2019 earnings conference call for CLPS Incorporation. Today's conference is being recorded and at this time I would like to turn the call over to Ms. Rose Du from ICR for opening remarks and introductions. Please go ahead.

Thank you. Hello everyone and thank you for joining us on today's call. CLPS Incorporation announced its first half of fiscal year 2019 financial results earlier this morning. and their news release is now available on the company's IR website at ir.clpsglobal.com. Today you will hear from CLPS's CEO, Mr. Raymond Lin, who will start off the call with a review of recent company developments and operating results, followed by the company's CFO, Ms. Tiannan Akin, who will address financial results in more detail. Following management's prepared remarks, we will conduct a Q&A session. Please remember that our discussions today may include forward-looking statements that involve a number of risks, uncertainties, and other factors that could cause actual results to differ materially from those forward-looking statements. In that respect, I would like to read the following disclaimer applicable to such statements. Certain of the statements made in this press release are forward-looking statements within the meaning and protection 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 maturely 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 first half of 2019, 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 at www.sec.gov. We have no obligation and do not undertake to update, revise, or correct any of the forward-looking statements after the debate hereof or after the respective dates on which any such statements otherwise are made. It is now my pleasure to introduce CLPS Incorporation's CEO, Mr. Raymond Lin. Please go ahead.

Thank you. Hello, everyone, and welcome to CLPS' first half of the fiscal year 2019 earnings call. During the first six months of the 2019 fiscal year, which ended December 31, 2018, we continued to grow our revenue from accepting clients and golfing our client base. Our client retention rate was 100% during the period, which is the testament to the quality of the services that we provide to our clients. Sustijeet Mishra The integration of Infogames, our Singapore-based subsidiary that we acquired in August. Infogames is already facilitating our expansion into the broader Southeast Asia region. For example, in December, we signed a memorandum of understanding with Infogames and Neon Polytechnic in Singapore to develop IT talents. The partnership also gives us access to the Body Fintech 100 Alliance, allowing us to reach top-tier polytechnic schools and top technical talent in the broader Southeast Asia region. Internally, we spent our talent creation program and talent development program by opening additional training centers overseas to meet employee demand globally. We also launched CLPS Academy, which will become a center of excellence. It is designed to fulfill the quality and professional IT training needs of our staff, business partners, and potential clients. We also signed a contract with a leading university of finance and economics in Shanghai for a blockchain project. Under the contract, we will provide blockchain training and an incentive-based blockchain management system. As we announced a few weeks ago, the project passed the university's test. We are on track for delivering the project per the university's requirements. We will continue to focus on developing industry-leading technologies such as the blockchain to fulfill our clients' device needs. In fact, our efforts are not only being recognized by our clients, but also by our industry. In November, we received the $2,000 from the 2018 FinTech Brand Leadership Award from the China Finance Summit. This award is a testament to the strength of our brand, and most importantly, our technological capabilities. Our CLPS Research Institute remains dedicated exploring the applications of new and emerging technology. This includes the big data solution, blockchain, distributed financial cloud applications, and robot processing automation, which we have been piloting internally. Advanced in technology, growing consumer demands for digital customer experience. and Margin Pressure are creating global demands for our services within the financial services and banking industry. We have improved the ability to fulfill these demands by providing secure IT solutions, applications of cutting-edge technology and technology talent with deep technical knowledge. For the remainder of the fiscal year of beyond, We intend to remain focused on capturing disease opportunities by growing horizontally and vertically. We intend to expand geographically and further expand our reach to other higher potential regions. We expect to continue delivering thousands of training hours to our employees and partners Our program and partnerships. We also intend to deepen our products and services offering by supplementing our existing solution with commercial application of emerging technologies. As we continue to make long-term investment to support our continued goal of We remain optimistic about our future as we grow horizontally and vertically, expand our global footprint and market share, and create value for our shareholders. This concludes my prepared remarks. I will now turn the call to Mrs. Tan, our CFO, to review our first half of fiscal year 2019 financial results.