CLPS reports Q1 FY23 revenue down 34% YoY, accelerates business diversification.

• CLPS Incorporation reports on shareholder letter to Chairman of Board of Directors. • Company navigated dynamic global macroeconomic environment. • Long-term client reduced personnel at China Solution Centers in Dalian and Shanghai. • This created significant impact on fiscal 2025 financial results. • Accelerated transition to diversified and resilient business model. • Focused on disciplined execution and technological innovation. • Chairman appreciates continued trust and support from shareholders.