Wuhan Yangtze River New Port Logistics Co. signed a memorandum of understanding to acquire Kirin International Holding, Inc. (OTCPK:KIRI) in a reverse merger transaction on September 10, 2015. Kirin International Holding, Inc. (OTCPK:KIRI) will issue 166 million shares as consideration. The transaction is subject to execution of definitive documents between the parties. Wuhan Yangtze River New Port Logistics Co. signed a certain share exchange agreement to acquire Kirin International Holding, Inc. (OTCPK:KIRI) in a reverse merger transaction on December 19, 2015. Pursuant to the terms of the agreement, Kirin International agreed to issue to 151 million shares to Wuhan Yangtze River, representing approximately 88% of the total issued and outstanding stock and a certain Wuhan Yangtze River New shareholders an additional 8% convertible promissory note in the principal amount of $150 million. Gregg E. Jaclin of Szaferman Lakind Blumstein & Blader, P.C. acted as legal advisor Kirin International Holding, Inc.

Wuhan Yangtze River New Port Logistics Co. completed the acquisition of Kirin International Holding, Inc. (OTCPK:KIRI) in a reverse merger transaction on December 19, 2015. Jianfeng Guo, President, Chief Executive Officer, Secretary and Chairman of the Board of Kirin International Holding, tendered his resignation as Director and from all officer positions held in Kirin International. In addition, Yaojun Liu, Vice President and Director of Kirin International Holding, tendered his resignation as Vice President, Director and from all officer positions held in Kirin International. In addition, Shan Cui, Ran Liu, and Yau On Tse, Directors of Kirin International Holding, tendered their resignation as Directors of Kirin International.