HONG KONG, Oct. 24, 2024 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS), today announced that its Board of Directors has declared a special cash dividend of $0.13 per share of common stock, marking the third consecutive fiscal year of such a payment. It is payable on November 12, 2024 to shareholders of record as of November 4, 2024. The aggregate amount of the payment to be made in connection with this special cash dividend will be approximately $3.6 million.

Mr. Raymond Lin, Chief Executive Officer of CLPS, commented, "In light of our recent stock performance, the Board of Directors has decided to declare another round of special cash dividend for our shareholders. This decision underscores our ongoing commitment to delivering value to our investors and reflects our confidence in the Company's future. While we stay focused on our core business, we are actively pursuing new growth opportunities, such as expanding into emerging sectors and strengthening our international presence to ensure we remain competitive in the rapidly evolving market. We are confident that this dividend payout will not hinder our operational capabilities, including our pursuit of potential M&A as well as business expansion initiatives."