Qingke Wins "Best Asset Manager Award" for the Third Consecutive Year In Recognition of its Leading Position in the Decentralized Long-term Apartment Rental Market in China

SHANGHAI, China, Nov. 12, 2019 (GLOBE NEWSWIRE) -- Q&K International Group Limited QK ("Qingke" or the "Company"), a leading technology-driven long-term apartment rental platform in China, today announced that it has won the Best Asset Manager Award for the third consecutive year at the 2019 China Branded Long-term Apartment Rental CEO Annual Conference, held on November 8, 2019. The conference was attended by more than 500 industry participants including branded long-term apartment rental operators, property developers, real estate research institutions and suppliers.

Qingke's receipt of the Best Asset Manager Award for the third consecutive year is in recognition of the Company's outstanding capabilities as a high quality professional apartment operator, strength of its reputation in the industry, and commitment to building trust and integrity while promoting the development of the overall industry.

Mr. Guangjie Jin, founder and Chief Executive Officer of Qingke, delivered a keynote speech, where he commented, "We remain committed to the same mission we've had since our inception: providing homes for China's young people. We will always remember the importance of that mission and will work to build a mutually beneficial and dynamic industry that can grow sustainably in the long run."

About Qingke

Q&K International Group Limited QK ("Qingke" or the "Company") is a leading technology-driven long-term apartment rental platform in China. The Company offers young, emerging urban residents conveniently-located, ready-to-move-in, and affordable branded apartments as well as facilitates a variety of value-added services. Qingke signs long-term leases with individual landlords in different locations in relatively inexpensive yet convenient locations and manages them centrally, leveraging its advanced IT and mobile technologies. Technology is the core of Qingke's business and is applied to every step of its operational process from apartment sourcing, renovation, and tenant acquisition, to property management. The focus on technology enables Qingke to operate a large, dispersed, and fast-growing portfolio of apartments with high operational efficiency and deliver a superior user experience.

Safe-Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company's operations and business outlook contain forward-looking statements. Such statements involve certain risks, uncertainties and other factors that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include, but are not limited to the following: Qingke's goal and strategies; Qingke's limited operating history; Qingke's ability to achieve or maintain profitability or continue as a going concern in the future; Qingke's ability to access financing on favorable terms in a timely manner and maintain and expand its cooperation with financial institutions; Qingke's ability to attract and retain tenants; Qingke's ability to expand into new markets; Qingke's ability to compete effectively; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Qingke's filings with the U.S. Securities and Exchange Commission. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For more information, please visit http://ir.qk365.com.

For investor and media inquiries, please contact:

Qingke

E-mail: ir@qk365.com

Christensen

In China

Mr. Christian Arnell

Phone: +86-10-5900-1548

E-mail: carnell@christensenir.com

In US

Ms. Linda Bergkamp

Phone: +1-480-614-3004

Email: lbergkamp@christensenir.com