Thomas Fernandez's questions to CLPS (CLPS) leadership • Q2 2023
Question
Thomas Fernandez, a Private Investor, inquired about any updates regarding the planned Initial Public Offering (IPO) for GRT, a major subsidiary of CLPS.
Answer
CFO Rui Yang stated that the listing materials for the GRT subsidiary are being updated to meet regulatory requirements. She highlighted the subsidiary's strong position in the automotive IT services sector, evidenced by a 30% revenue increase, and noted that the company will keep the public informed of any IPO developments.