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Organization and Description of Business

12 Months Ended

Jun. 30, 2023

Organization and Description of Business [Abstract]

ORGANIZATION AND DESCRIPTION OF BUSINESS

NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS

CLPS Incorporation (“CLPS” or the “Company”), is a company that was established under the laws of the Cayman Islands on May 11, 2017 as a holding company. The Company, through its subsidiaries, designs, builds, and delivers IT services, solutions and product services. The Company customizes its services to specific industries with customer service teams typically based on-site at the customer locations. The Company’s solutions enable its clients to meet the changing demands in an increasingly global, internet-driven, and competitive marketplace. Mr. Xiao Feng Yang, the Company’s Chairman of the Board, together with Mr. Raymond Ming Hui Lin, the Company’s Chief Executive Officer (“CEO”) are the controlling shareholders of the Company (the “controlling shareholder”). On June 8, 2018, the Company completed its initial public offering (“IPO”) on the Nasdaq Capital Market.

Details of the significant subsidiaries of the Company are set out below:

Name of Entity		Date of Incorporation/ Acquisition		Place of Incorporation		Percentage  of Equity Ownership				Principal Activities
Qiner Co., Limited (“Qiner”)		Incorporated on April 21, 2017		Hong Kong, China			100	%		Holding Company
Qinheng Co., Limited (“Qinheng”)		Incorporated on June 9, 2017		Hong Kong, China			100	%		Holding Company
Shanghai Qincheng Information Technology Co., Ltd. (“CLPS QC” or “WOFE”)		Incorporated on August 4, 2017		Shanghai, China			100	%		Holding Company
Shanghai Chenqin Information Technology Services Co., Ltd.		Incorporated on May 31, 2021		Shanghai, China			100	%		Holding Company
ChinaLink Professional Service Co., Ltd. (“CLPS Shanghai”)		Incorporated on August 30, 2005		Shanghai, China			100	%		Software development
CLPS Dalian Co., Ltd. (“CLPS Dalian”)		Incorporated on May 25, 2011		Dalian, China			100	%		Software development
CLPS Beijing Hengtong Co., Ltd. (“CLPS Beijing”)		Incorporated on March 30, 2015		Beijing, China			100	%		Software development
CLPS Technology (Singapore) Pte. Ltd. (“CLPS SG”)		Incorporated on August 18, 2015		Singapore			100	%		Software development
Ridik Technology (Australia) Pty Ltd. (“Ridik AU”)		Incorporated on November 10, 2015		Australia			100	%		Software development
CLPS Technology (Hong Kong) Co., Limited (“CLPS Hong Kong”)		Incorporated on January 7, 2016		Hong Kong, China			100	%		Software development
JAJI (Shanghai) Co., Ltd (“JAJI China”, formerly, Judge (Shanghai) Co., Ltd.)		Acquired on November 9, 2016		Shanghai, China			60	%		Software development
CLPS Shenzhen Co., Ltd. (“CLPS Shenzhen”)		Incorporated on April 7, 2017		Shenzhen, China			100	%		Software development
CLPS Guangzhou Co., Ltd. (“CLPS Guangzhou”)		Incorporated on September 27, 2017		Guangzhou, China			100	%		Software development

Name of Entity		Date of Incorporation/ Acquisition		Place of Incorporation		Percentage of Equity Ownership				Principal Activities
CLPS Hangzhou Co. Ltd. (“CLPS Hangzhou”)		Incorporated on July 31, 2019		Hangzhou, China			100	%		Software development
Ridik Pte. Ltd. (“Ridik Pte.”)		Acquired on September 26, 2019		Singapore			100	%		Software development
Ridik Software Solutions Pte. Ltd. (“Ridik Software Pte.”)		Acquired on September 26, 2019		Singapore			100	%		Software development
Qinson Credit Card Services Limited (“Qinson”)		Incorporated on December 31, 2019		Hong Kong, China			100	%		Software development
CLPS Technology (California) Inc. (“CLPS California”)		Incorporated on January 2, 2020		California, the United States of America			100	%		Software development
Hainan Qincheng Software Technology Co., Ltd.		Incorporated On January 20, 2021		Hainan, China			100	%		Software development
CLPS Xi’an Co., Ltd.		Incorporated On April 15, 2021		Xi’an, China			100	%		Software development

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- Definition

The entire disclosure for the business description and basis of presentation concepts. Business description describes the nature and type of organization including but not limited to organizational structure as may be applicable to holding companies, parent and subsidiary relationships, business divisions, business units, business segments, affiliates and information about significant ownership of the reporting entity. Basis of presentation describes the underlying basis used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 235
-Name Accounting Standards Codification
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-Topic 275
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//275/tableOfContent

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//205/tableOfContent

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