The views expressed on this website represent the opinions of Independent Franchise Partners, LLP and the investment vehicles it manages (collectively, “Franchise Partners”) that hold shares in Kirin Holdings Company, Limited (the “Company”). Those views are based on publicly available information. Franchise Partners reserves the right to change its opinions at any time. It assumes no obligation to notify any other party of any such changes, whether by updating this website or otherwise, or to update the other information or opinions contained in this website.

Franchise Partners currently has an economic interest in the securities of the Company. It is possible that there will be developments in the future that cause Franchise Partners to modify this economic interest, at any time or from time to time. This may include a decision to sell or dispose of its interest in all or a portion of its holdings of Company securities in open market transactions or otherwise, or purchase additional Company securities in open market or privately-negotiated transactions. Franchise Partners also reserves the right to take any actions with respect to its investment in the Company as it may deem appropriate, without further notice to any person and without updating or modifying this website.

Franchise Partners has reviewed and analysed the information that has informed the opinions expressed here, and believes that it is reliable, but it has not verified that information and cannot guarantee its accuracy or completeness. Franchise Partners makes no representation or warranty, express or implied, and accepts no duty or responsibility, as to the accuracy or completeness of its statements or any other written or oral communication it makes with respect to the Company and any other companies mentioned. Franchise Partners expressly disclaims any liability relating to those statements or communications (or any inaccuracies or omissions therein).

Nothing on this website is intended to be, nor should it be construed or used as, investment, tax, legal or financial advice or any other kind of recommendation, an opinion of the appropriateness of any security or investment, or an offer, or the solicitation of any offer, to buy or sell any security or investment. Franchise Partners is not soliciting any action based upon this website and will not be responsible for any decision by any shareholder or other person based on or by reference to any information given or opinions expressed on this website.

Franchise Partners does not act for, or accept any responsibilities towards, any shareholder, or any other person viewing this website, and will specifically not be responsible to any such persons for providing protections that are afforded to its clients. The information displayed on this website is for persons who would, if they were our clients, be eligible counterparties or professional investors for the purposes of UK financial services regulations. This website is not directed at, or intended for, persons who, if they were our clients, would be retail clients for the purposes of UK financial services regulations.

Franchise Partners is not soliciting or requesting shareholders to jointly exercise their voting rights together with it. Shareholders that have an agreement to jointly exercise their voting rights are regarded as Joint Holders under the Japanese large shareholding disclosure rules, and they must file notification of their aggregate share ownership with the relevant Japanese authority for public disclosure. Franchise Partners disclaims any intention to be treated as a Joint Holder with other shareholders under the Japanese Financial Instruments and Exchange Act (“FIEA) by virtue of its decision to express its views or opinions or its other activities, including by engaging in dialogue with other shareholders in or through this website.

More generally, Franchise Partners has no intention to, and will not, take steps to obtain or consolidate control of the Company. Franchise Partners also does not wish to, and will not, adopt a lasting common policy with any other shareholder towards the management of the Company. In publishing this information, Franchise Partners is motivated in good faith to stimulate discussions between shareholders in relation to the Company’s strategic direction and to encourage engagement by shareholders with the Company in relation to the matters discussed in this website, with a view to maximising value for the Company’s shareholders.

Franchise Partners does not wish to be informed of any non-public price sensitive information relating to the Company that may be in the possession of any person viewing this website.

Issued by Independent Franchise Partners, LLP, authorised and regulated by the Financial Conduct Authority in the United Kingdom. Independent Franchise Partners, LLP is registered with the United States Securities and Exchange Commission. The information displayed on this website is for eligible counterparties and professional clients only and is not for retail clients. The services described may not be available to you, or suitable for you. Nothing in this document constitutes investment advice nor does it represent any offer to provide services to buy or sell securities of any kind. Investments in the portfolios managed by Independent Franchise Partners, LLP may fall as well as rise and investors may not be able to recover their invested capital.

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