 LOS ANGELES, Aug. 19, 2021 GLOBE NEWSWIRE -- ATIF Holdings Limited Nasdaq: ATIF, the Company, a holding group providing business and financial consulting in Asia and North America, today announced that on August 12, 2021, the Board of Directors of the Company approved a reverse stock split the Reverse Split of its authorized, issued and outstanding ordinary shares, par value 0.001 per share, at a ratio of 5-for-1 so that every five 5 shares currently authorized and issued is combined into one 1 share. Shareholders otherwise entitled to receive a fractional share as a result of the Reverse Split will receive a whole share in lieu of such fractional share. In connection with the Reverse Split, a vote of the shareholders of the Company is not required and as such, no shareholder vote or meeting of shareholders will be held. 