CLPS Incorporation Launches Smart Tourism Business Platform to Accelerate Digital Transformation Initiative of Fuson

CLPS Incorporation (the “Company” or “CLPS”) (Nasdaq: CLPS) has entered into a strategic cooperation with Fuson Group Ltd. (“Fuson”) to build a smart tourism business platform and provide an end-to-end IT solution for digital transformation.

Currently, Fuson’s primary business is providing tourism services to customers from Mainland China and Hong Kong SAR mainly through traditional offline channels. With this cooperation, CLPS will streamline and optimize Fuson’s existing workflow. A digital framework will be developed encompassing the entire process of internal operation management, B2C e-commerce direct sales, B2B resource procurement, and the creation of an end-to-end smart tourism business platform. Using hybrid cloud architecture, along with AI technology, Fuson will be able to achieve intelligent-enabled collaboration, operation, and services. In addition, Fuson can benefit from the decision-making support tools powered by big data technology to explore business opportunities and promote business growth.

A key component of CLPS’s framework design and overall planning will be the expansion capability and flexibility required by Fuson’s future business development. Further, CLPS plans to transition to digital enterprise-level progressively without disrupting business operations to ensure seamless digital transformation processes.

Mr. Sunny Lam, Managing Director of Fuson, said, “The tourism business is undergoing rapid growth and we need to adapt to digital transformation initiative to remain competitive in the global market going forward. CLPS is a professional IT services provider that has cross-industry comprehensive IT capability, as well as extensive overseas and domestic market experience. CLPS is an excellent partner to promote digital transformation, and we look forward to working with them to drive our product upgrades and increase core competitiveness.”

Mr. Henry Li, Chief Operating Officer of CLPS, said, “The tourism industry involves many scenarios and complex business processes, and its digital transformation requires more work from IT services providers. We will regard this strategic cooperation as an opportunity to demonstrate our competitive advantage. Fuson will undergo a complete digital transformation process through our comprehensive experience and resources in this field. We are looking forward to assisting clients across industries with smart transformation in the future. As well, we aspire it will enable Fuson, in which CLPS holds a minority ownership, to capture the tourism recovery opportunities, develop its business rapidly, and eventually bring CLPS returns on investment.”

About Fuson

Fuson Group Ltd. is a licensed travel agency registered and established in Hong Kong in August 2020. Its business covers Macao, Guangzhou, Shenzhen, Zhuhai, Huizhou, Dongguan, Zhaoqing and other cities in the Greater Bay Area, providing one-stop tourism services for tourists from all walks of life. It owns five brands: “Fengshun Tours, Jubilation Holidays, Tourism 360, Cultural Exchange Strategy and Tourism Strategy”. CLPS holds a 35% ownership stake in Fuson.

About CLPS Incorporation

Headquartered in Hong Kong, CLPS Incorporation (the “Company”) (Nasdaq: CLPS) is a global leading information technology (“IT”) consulting and solutions service provider focusing on the banking, insurance, and financial service sectors. The Company serves as an IT solutions provider to a growing network of clients in the global financial service industry, including large financial institutions in the US, Europe, Australia, Southeast Asia and Hong Kong SAR, and their PRC-based IT centers. The Company maintains 18 delivery and/or research & development centers to serve different customers in various geographic locations. Mainland China centers are located in Shanghai, Beijing, Dalian, Tianjin, Xi’an, Chengdu, Guangzhou, Shenzhen, Hangzhou, and Hainan. The remaining eight global centers are located in Hong Kong SAR, USA, Japan, Singapore, Australia, Malaysia, India, and the Philippines. For further information regarding the Company, please visit: https://www.clpsglobal.com/, or follow CLPS on Facebook, LinkedIn, Twitter, and YouTube.