ATIF Holdings Limited announced the Company entered into two financial consulting service agreements, dated October 21, 2020 and dated October 22, 2020, to act as a business advisor for McSen Realty Corp. California and Promise Logistics Corp. California providing logistic services nationwide. The Agreements were signed in anticipation of both McSen Realty and Promise Logistics to enter into the U.S. capital market. Pursuant to the Agreements, ATIF agreed to provide both McSen Realty and Promise Logistics with services including business consulting, capital market advisory for business planning and strategy development, planning and assisting with fund raising activities, and investor and public relations services. As consideration, each of McSen Realty and Promise Logistics agreed to pay the Company a fixed consulting fee of USD 1 million, to be paid in installments subject to certain conditions. The two Agreements totaled to USD 2 million.