The Board of Directors of Kimly Limited announced that its wholly-owned subsidiary, Kimly Makan Place Pte. Ltd. ("KMP") has, on 21 January 2021, entered into a joint venture agreement ("JVA") with Jin Xin Yuan Pte. Ltd. ("JXY") in relation to, inter alia, the operation and management of the short-term Housing and Development Board ("HDB") coffeeshop lease of the coffeeshop located at Block 134 Lorong Ah Soo, #01-454 Singapore 530134 ("Lorong Ah Soo 134 Coffeeshop") leased by the joint venture company, Jin Yuan 134 Food House Pte. Ltd. ("JVCO"). The JVCO was incorporated by JXY on 2 November 2020, having an initial issued share capital of SGD 100 comprising of 100 ordinary shares.