diff --git a/src/FormsTemplatesCLI/FormsClassLib/.template.config/dotnetcli.host.json b/src/FormsTemplatesCLI/FormsClassLib/.template.config/dotnetcli.host.json
index fc64c13..cb7ac1c 100644
--- a/src/FormsTemplatesCLI/FormsClassLib/.template.config/dotnetcli.host.json
+++ b/src/FormsTemplatesCLI/FormsClassLib/.template.config/dotnetcli.host.json
@@ -1,3 +1,12 @@
 {
-  "$schema": "http://json.schemastore.org/dotnetcli.host"
-}
\ No newline at end of file
+  "$schema": "http://json.schemastore.org/dotnetcli.host",
+  "symbolInfo": {
+    "Framework": {
+      "longName": "framework"
+    }
+  },
+  "usageExamples": [
+    "--framework netstandard2.0",
+    "-f netstandard2.1"
+  ]
+}
diff --git a/src/FormsTemplatesCLI/FormsClassLib/.template.config/template.json b/src/FormsTemplatesCLI/FormsClassLib/.template.config/template.json
index 0fe2c9c..8018f54 100644
--- a/src/FormsTemplatesCLI/FormsClassLib/.template.config/template.json
+++ b/src/FormsTemplatesCLI/FormsClassLib/.template.config/template.json
@@ -11,7 +11,7 @@
         "Library"
     ],
     "identity": "VijayAnand.FormsTemplates.ClassLib",
-    "description": "A project template for Xamarin.Forms 5 Class Library (ver. 5.0.0.2401)",
+    "description": "A project template for Xamarin.Forms 5 Class Library (ver. 5.0.0.2515)",
     "name": "Xamarin.Forms 5 Class Library",
     "shortName": "formsclasslib",
     "sourceName": "FormsClassLib",
@@ -23,29 +23,48 @@
         "104D078F-F441-4A4A-A89B-21C40D7B8C10"
     ],
     "symbols": {
+        "Framework": {
+            "type": "parameter",
+            "datatype": "choice",
+            "description": "Option to choose the class library target framework.",
+            "choices": [
+                {
+                    "choice": "netstandard2.1",
+                    "description": "Target .NET Standard 2.1",
+                    "displayName": ".NET Standard 2.1"
+                },
+                {
+                    "choice": "netstandard2.0",
+                    "description": "Target .NET Standard 2.0",
+                    "displayName": ".NET Standard 2.0"
+                }
+            ],
+            "replaces": "LIB_TFM",
+            "defaultValue": "netstandard2.0"
+        },
         "include-toolkit": {
             "type": "parameter",
             "datatype": "bool",
             "defaultValue": "false",
-            "description": "If true, includes reference to the Xamarin.CommunityToolkit NuGet package reference."
+            "description": "If true, includes reference to the Xamarin.CommunityToolkit NuGet package."
         },
         "include-markup": {
             "type": "parameter",
             "datatype": "bool",
             "defaultValue": "false",
-            "description": "If true, includes reference to the Xamarin.CommunityToolkit.Markup NuGet package reference."
+            "description": "If true, includes reference to the Xamarin.CommunityToolkit.Markup NuGet package."
         },
         "include-essentials": {
             "type": "parameter",
             "datatype": "bool",
             "defaultValue": "false",
-            "description": "If true, includes reference to the Xamarin.Essentials NuGet package reference."
+            "description": "If true, includes reference to the Xamarin.Essentials NuGet package."
         },
         "include-mvvm-toolkit": {
             "type": "parameter",
             "datatype": "bool",
             "defaultValue": "false",
-            "description": "If true, includes reference to the CommunityToolkit.Mvvm (aka Microsoft MVVM Toolkit) NuGet package reference."
+            "description": "If true, includes reference to the CommunityToolkit.Mvvm (aka Microsoft MVVM Toolkit) NuGet package."
         },
         "no-solution-file": {
             "type": "parameter",
diff --git a/src/FormsTemplatesCLI/FormsClassLib/FormsClassLib.csproj b/src/FormsTemplatesCLI/FormsClassLib/FormsClassLib.csproj
index 12e4c40..fd9996e 100644
--- a/src/FormsTemplatesCLI/FormsClassLib/FormsClassLib.csproj
+++ b/src/FormsTemplatesCLI/FormsClassLib/FormsClassLib.csproj
@@ -1,6 +1,6 @@
 <Project Sdk="Microsoft.NET.Sdk">
     <PropertyGroup>
-        <TargetFramework>netstandard2.0</TargetFramework>
+        <TargetFramework>LIB_TFM</TargetFramework>
         <!-- Project Options -->
         <LangVersion>latest</LangVersion>
         <Nullable>enable</Nullable>
@@ -8,7 +8,7 @@
         <RootNamespace>FormsClassLib</RootNamespace>
     </PropertyGroup>
     <ItemGroup>
-        <PackageReference Include="Xamarin.Forms" Version="5.0.0.2401"/>
+        <PackageReference Include="Xamarin.Forms" Version="5.0.0.2515"/>
         <!--#if (AddToolkitPackage)-->
         <PackageReference Include="Xamarin.CommunityToolkit" Version="2.0.5" />
         <!--#endif-->
diff --git a/src/FormsTemplatesCLI/release-notes.txt b/src/FormsTemplatesCLI/release-notes.txt
index 99be46f..248843b 100644
--- a/src/FormsTemplatesCLI/release-notes.txt
+++ b/src/FormsTemplatesCLI/release-notes.txt
@@ -1,4 +1,10 @@
-What's new in ver. 1.4.0:
+What's new in ver. 1.4.1:
+
+Xamarin.Forms version bumped to 5.0.0.2515 (SR12).
+
+Option to the choose the library target framework - .NET Standard 2.0 / 2.1
+
+v1.4.0:
 
 Included an option to add reference Xamarin.Essentials NuGet package during Xamarin.Forms class library creation.