The board of directors of Kirin Group Holdings Limited announced that the strategic cooperation framework agreement has been entered into between Ample Gaint Investment Limited, a wholly owned subsidiary of the company, and (Zhong Zi Lan Pin Pai Management (Beijing) Company Limited) ("Zhong Zi Lan") on 13 January 2020 (after trading hours). It is agreed by Ample Gaint and Zhong Zi Lan that the Strategic Cooperation Framework agreement shall effective for a term of one year from the date of signing of the Strategic cooperation Framework Agreement, namely from 1 January 2020 to 31 December 2020.