Thomas Fernandez's questions to CLPS (CLPS) leadership • Q2 2023
Question
Thomas Fernandez of Private Investor asked for an update on the initial public offering (IPO) status for GRT, a major subsidiary of CLPS.
Answer
CFO Rui Yang responded that GRT's listing materials are being updated to meet regulatory requirements. She highlighted the subsidiary's value, pointing to a 30% revenue increase from the automotive sector, and assured that the company will communicate any new developments regarding the IPO.