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CLPS Inc

For the period ended Jun 30, 2026. Filed Oct 16, 2026.

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About this filing

The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.

FY2026 · Filed Oct 16, 2026

CLPS$0.91-2.2%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 20-F

(Mark one)

☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934

OR

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended June 30,2026

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

OR

☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

for the transition period from ____________to ____________

Commission file number 001-38505

(Exact name of the Registrant as specified in its charter)

Cayman Islands

(Jurisdiction of incorporation or organization)

c/o Unit 1000, 10 th Floor, Millennium City III

370 Kwun Tong Road, Kwun Tong, Kowloon

Hong Kong SAR

Tel: (852) 37073600

(Address of principal executive office)

Raymond Ming Hui Lin, Chief Executive Officer

c/o Unit 1000, 10 th Floor, Millennium City III

370 Kwun Tong Road, Kwun Tong, Kowloon

Hong Kong SAR

Tel:(852) 37073600

(Name, Telephone, E-mail and/or Facsimile Number and Address of Company Contact Person)

Securities registered or to be registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Shares, par value $0.0001CLPSThe NASDAQ Stock Market LLC

Securities registered or to be registered pursuant to Section 12(g) of the Act: None.

Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None.

On October 16, 2026, the issuer had 29,860,906 shares outstanding.

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

Yes ☐No ☒

If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

Yes ☐No ☒

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or an “emerging growth company.” See definition of “accelerated filer and large accelerated filer” in Rule 12b-2 of the Exchange Act.

☐ Large accelerated filer☐ Accelerated filer☒ Non-accelerated filer

Emerging growth company☐

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☐

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐

Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:

☒US GAAP☐International Financial Reporting Standards as issued by the International Accounting Standards Board☐Other

If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow.

☐ Item 17 ☐ Item 18

If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes ☐ No☒

Table of Contents

PAGE
PART I
ITEM 1.IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS1
ITEM 2.OFFER STATISTICS AND EXPECTED TIMETABLE1
ITEM 3.KEY INFORMATION1
ITEM 4.INFORMATION ON THE COMPANY44
ITEM 4A.UNRESOLVED STAFF COMMENTS86
ITEM 5.OPERATING AND FINANCIAL REVIEW AND PROSPECT86
ITEM 6.DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES101
ITEM 7.MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS111
ITEM 8.FINANCIAL INFORMATION116
ITEM 9.THE OFFER AND LISTING117
ITEM 10.ADDITIONAL INFORMATION117
ITEM 11.QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK124
ITEM 12.DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES125
PART II
ITEM 13.DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES126
ITEM 14.MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS126
ITEM 15.CONTROLS AND PROCEDURES126
ITEM 16.RESERVED127
ITEM 16A.AUDIT COMMITTEE FINANCIAL EXPERT127
ITEM 16B.CODE OF ETHICS127
ITEM 16C.PRINCIPAL ACCOUNTANT FEES AND SERVICES127
ITEM 16D.EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES127
ITEM 16E.PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS127
ITEM 16F.CHANGES IN REGISTRANT’S CERTIFYING ACCOUNTANT128
ITEM 16G.CORPORATE GOVERNANCE128
ITEM 16H.MINE SAFETY DISCLOSURE128
ITEM 16I.DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS128
ITEM 16J.INSIDER TRADING POLICIES129
ITEM 16K.CYBERSECURITY129
PART III
ITEM 17.FINANCIAL STATEMENTS130
ITEM 18.FINANCIAL STATEMENTS130
ITEM 19.EXHIBITS131

i

CERTAIN INFORMATION

Unless otherwise indicated, numerical figures included in this Annual Report on Form 20-F (the “Annual Report”) have been subject to rounding adjustments. Accordingly, numerical figures shown as totals in various tables may not be arithmetic aggregations of the figures that precede them.

For the sake of clarity, this Annual Report follows the English naming convention of first name followed by last name, regardless of whether an individual’s name is Chinese or English. Certain market data and other statistical information contained in this Annual Report are based on information from independent industry organizations, publications, surveys and forecasts. Some market data and statistical information contained in this Annual Report are also based on management’s estimates and calculations, which are derived from our review and interpretation of the independent sources listed above, our internal research and our knowledge of the PRC information technology industry. While we believe such information is reliable, we have not independently verified any third-party information and our internal data has not been verified by any independent source.

Depending on the context, the terms “we,” “us,” “our company,” and “our” refer to CLPS Incorporation, a Cayman Islands company, and its subsidiary and affiliated companies. Except where the context otherwise requires and for purposes of this Annual Report only:

●“Arabian Jasmine” refers to Arabian Jasmine Ltd., a British Virgin Islands company;
●“Badou Tech” refers to Badou Tech Pte. Ltd., a Singapore company;
●“CAE” refers to College of Allied Educators Pte. Ltd., a Singapore company;
●“CareerWin” refers to CareerWin Executive Search Co., Ltd., a PRC company;
●“CLPS Beijing” refers to CLPS Beijing Hengtong Co., Ltd., a PRC company;
●“CLPS California” refers to CLPS Technology (California) Inc., a USA company;
●“CLPS Chengdu” refers to CLPS Chengdu Co., Ltd., a PRC company;
●“CLPS Dalian” refers to CLPS Dalian Co., Ltd., a PRC company;

ii

●“CLPS Guangzhou” refers to CLPS Guangzhou Co., Ltd., a PRC company;
●“CLPS Hainan” refers to Hainan Qincheng Software Technology Co., Ltd., a PRC company;
●“CLPS Hangzhou” refers to CLPS Hangzhou Co. Ltd., a PRC company;
●“CLPS Hong Kong” refers to CLPS Technology (Hong Kong) Co., Limited, a Hong Kong company;
●“CLPS Japan” refers to CLPS Technology Japan, a Japan company;
●“CLPS QC (WOFE)” refers to Shanghai Qincheng Information Technology Co., Ltd., a PRC company;
●“CLPS RC” refers to CLPS Ruicheng Co., Ltd., a PRC company;
●“CLPS Shanghai” refers to CLPS Shanghai Co., Ltd., formerly ChinaLink Professional Services Co., Ltd., a PRC company;
●“CLPS SG” refers to CLPS Technology (Singapore) Pte. Ltd., a Singapore company;
●“CLPS Shenzhen” refers to CLPS Shenzhen Co., Ltd., a PRC company;
●“CLPS Xi’an” refers to CLPS Xi’an Co., Ltd., a PRC company;
●“EMIT” refers to Economic Modeling Information Technology Co., Ltd., a PRC company;
●“Fuson” refers to Fuson Group Limited, a Hong Kong company;
●“Growth Ring” refers to Growth Ring Ltd., a British Virgin Islands company;
●“JAJI China” refers to JAJI (Shanghai) Co., Ltd., formerly Judge (Shanghai) Co., Ltd.., a PRC company;
●“JAJI Global” refers to JAJI Global Incorporation, a Cayman Islands company;

iii

●“JAJI HR” refers to JAJI (Shanghai) Human Resource Co., Ltd. formerly Judge (Shanghai) Human Resource Co., Ltd., a PRC company;
●“JAJI Singapore” refers to JAJI Singapore Pte. Ltd., a Singapore company;
●“MSCT” refers to MSCT Investment Holdings Limited, a British Virgin Islands company;
●“Noni Singapore” refers to Noni (Singapore) Pte. Ltd., a Singapore company;
●“Purple Potato” refers to Purple Potato Finance Limited, a Hong Kong company;
●“Qiner” refers to Qiner Co., Limited, a Hong Kong company;
●“Qinheng” refers to Qinheng Co., Limited, a Hong Kong company;
●“Qinson” refers to Qinson Credit Card Services Limited, a Hong Kong company;
●“Qinson Singapore” refers to Qinson Singapore Pte. Ltd., a Singapore company;
●“Ridik Canada” refers to Ridik Technology Canada Limited, a Canada company;
●“Ridik Consulting” refers to Ridik Consulting Private Limited, an India company;
●“Ridik Dubai” refers to Ridik Technology Ltd., a United Arab Emirates company;
●“Ridik Indonesia” refers to PT Ridik Fintech Services, an Indonesia company;
●“CLPS Tech Services” refers to CLPS Technology & Services Pte. Ltd., formerly Ridik Pte. Ltd., a Singapore company;
●“Ridik Philippines” refers to RIDIK TECHNOLOGY (PHILIPPINES) CORP., formerly CLPS TECHNOLOGY (PHILIPPINES) CORP., a Philippine company;

iv

●“Ridik Sdn.” refers to Ridik Sdn. Bhd., a Malaysia company;
●“Ridik Software” refers to Ridik Software Solutions Ltd., a UK company;
●“Ridik Software Pte.” refers to Ridik Software Solutions Pte. Ltd., a Singapore company;
●“Shanghai Chenqin” refers to Shanghai Chenqin Information Technology Services Co., Ltd., a PRC company;
●“Shanghai Qinhui” refers to Shanghai Qinhui Shang Information Technology Co. Ltd., a PRC company;
●“CLPS Global Infotech” refers to CLPS Global Infotech Pte. Ltd., formerly Shell Infotech Pte. Ltd., a Singapore company;
●“Shell Infotech Malaysia” refers to Shell Infotech Consulting Sdn. Bhd., a Malaysia company;
●“SSIT” refers to Shanghai Shier Information Technology Co., Ltd., a PRC company;
●“UniDev” refers to Beijing UniDev Software Co., Ltd., a PRC company;
●all references to “RMB,” “yuan” and “Renminbi” are to the legal currency of China, and all references to “USD,” and “U.S. dollars” are to the legal currency of the United States;
●“Shares” and “Common Shares” refer to our shares, $0.0001 par value per share; and
●“China” and “PRC” refer to the People’s Republic of China.

Unless otherwise noted, all currency figures in this filing are in U.S. dollars. Any discrepancies in any table between the amounts identified as total amounts and the sum of the amounts listed therein are due to rounding. Our reporting currency is U.S. dollar and our functional currency is Renminbi. This Annual Report contains translations of certain foreign currency amounts into U.S. dollars for the convenience of the reader. Other than in accordance with relevant accounting rules and as otherwise stated, all translations of Renminbi into U.S. dollars in this Annual Report were made at the rate of RMB 6.7851 to USD1.00, the noon buying rate on June 30, 2026, as set forth in the H.10 statistical release of the U.S. Federal Reserve Board. Where we make period-on-period comparisons of operational metrics, such calculations are based on the Renminbi amount and not the translated U.S. dollar equivalent. We make no representation that the Renminbi or U.S. dollar amounts referred to in this Annual Report could have been or could be converted into U.S. dollars or Renminbi, as the case may be, at any particular rate or at all.

v

FORWARD-LOOKING STATEMENTS

This Annual Report contains “forward-looking statements” that represent our beliefs, projections and predictions about future events. All statements other than statements of historical fact are “forward-looking statements” including any projections of earnings, revenue or other financial items, any statements of the plans, strategies and objectives of management for future operations, any statements concerning proposed new projects or other developments, any statements regarding future economic conditions or performance, any statements of management’s beliefs, goals, strategies, intentions and objectives, and any statements of assumptions underlying any of the foregoing. Words such as “may”, “will”, “should”, “could”, “would”, “predicts”, “potential”, “continue”, “expects”, “anticipates”, “future”, “intends”, “plans”, “believes”, “estimates” and similar expressions, as well as statements in the future tense, identify forward-looking statements.

These statements are necessarily subjective and involve known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements, or industry results, to differ materially from any future results, performance or achievements described in or implied by such statements. Actual results may differ materially from expected results described in our forward-looking statements, including with respect to correct measurement and identification of factors affecting our business or the extent of their likely impact, the accuracy and completeness of the publicly available information with respect to the factors upon which our business strategy is based for the success of our business.

Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of whether, or the times by which, our performance or results may be achieved. Forward-looking statements are based on information available at the time those statements are made and management’s belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause such differences include, but are not limited to, those factors discussed under the headings “Risk Factors”, “Operating and Financial Review and Prospects,” “Information on the Company” and elsewhere in this Annual Report.

This Annual Report should be read in conjunction with our audited financial statements and the accompanying notes thereto, which are included in Item 18 of this Annual Report.

vi

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.