Zhitong Finance App learned that according to the 6-K document disclosed by the US Securities Regulatory Commission, on August 19, 2020, the board of directors of Huaqin Technology Company (US stock code CLPS, hereinafter referred to as the “Company”), incorporated in the Cayman Islands, held a meeting to approve the company's wholly-owned subsidiary to invest 14,4576 US dollars in 10% of the shares of Shenzhen Huaqin Robotics Co., Ltd. (Shenzhen Huaqin Robotics Co., Ltd.) with the abstention of Yang Xiaofeng, chairman of the board of directors. The remaining 90% of Huaqin Robotics is held equally by Mr. Yang and Feng Lin, each accounting for 45%.

On August 19, 2020, the board of directors of the company accepted Yang Xiaofeng's resignation as president of the company, which took effect on the same day. Mr. Yang is still the company's chairman.

Huaqin Technology closed at $3.63 this Friday, up 16.72%, and traded 1,046,000 shares.