BEIJING, Sept. 26, 2016 /PRNewswire/ -- Xinyuan Real
Estate Co., Ltd. ("Xinyuan" or "the Company") (NYSE: XIN), an
NYSE-listed real estate developer and property manager primarily in
China and recently in other
countries, today announced that the Board of Directors has
appointed Ms. Helen Zhang,
previously an assistant president, as the Company's new Chief
Financial Officer, effective immediately. Mr. Huaiyu "George" Liu
will no longer serve as the Company's Chief Financial Officer and
as a member of the Board of Directors, effective immediately. Mr.
Liu's resignation was not the result of any disagreement with the
Company with respect to the Company's financial or accounting
practices.
Ms. Zhang has been working for the Company for over seven years
and has held a number of senior level roles with Xinyuan. She has
nearly two decades of experience in accounting, finance and
investor relations having worked for companies with public listings
in mainland China, Hong Kong and the
United States. Her career encompasses working at China
National Metals & Minerals Import & Export Corp.; China
Netcom Group Company Ltd.; TechFaith Wireless Technology Ltd.;
Baidu, Inc. and Sohu.com Inc. Ms. Zhang received her Bachelor in
Economics from the University of International Business and
Economics in Beijing, China and
her MBA at Fordham University in
2001.
Mr. Yong Zhang, Chairman of
Xinyuan, commented, "Helen has made significant contributions to
Xinyuan as Financial Controller, interim CFO, Board Secretary and
Assistant President over the past several years and we believe she
is well positioned to move into the CFO role immediately. We look
forward to her contributions as we continue to scale our operations
in China and overseas."
"On behalf of the Company, I would like to thank Mr.
George Liu for his contributions to
Xinyuan over the past year and a half during which Xinyuan has
experienced rapid development. We wish him well in his future
endeavors."
About Xinyuan Real Estate Co., Ltd.
Xinyuan Real Estate Co., Ltd. ("Xinyuan") is an NYSE-listed real
estate developer and property manager primarily in China and recently in other countries. In
China, the Company develops and
manages large scale, high quality real estate projects in over ten
tier one and tier two cities, including Beijing, Shanghai, Zhengzhou, Jinan, Xi'an,
Suzhou, among others. Xinyuan was one of the first Chinese real
estate developers to enter the U.S. market and over the past few
years has been active in real estate development in New York. The Company aims to provide
comfortable and convenient real estate related products and
services to middle-class consumers. For more information, please
visit http://www.xyre.com.
Safe Harbor Statement
Certain statements in this press release constitute
"forward-looking statements". These statements are made under the
"safe harbor" provisions of the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements includes
statements about estimated financial performance, sales performance
and activity, among others and can generally be identified by
terminology such as "will," "expects," "anticipates," "future,"
"intends," "plans," "believes," "estimates" and similar statements.
Statements that are not historical statements are forward-looking
statements. Forward-looking statements involve inherent risks and
uncertainties that could cause actual results to differ materially
from those projected or anticipated, including, but not limited to,
our ability to continue to implement our business model
successfully; our ability to secure adequate financing for our
project development; our ability to successfully sell or complete
our property projects under construction and planning; our ability
to enter into new geographic markets and expand our operations into
new operational areas/activities; the marketing and sales ability
of our third-party sales agents; the performance of our third-party
contractors; the impact of laws, regulations and policies relating
to real estate developers and the real estate industry in the
countries in which we operate; our ability to obtain permits and
licenses to carry on our business in compliance with applicable
laws and regulations; competition from other real estate
developers; the growth of the real estate industry in the markets
in which we operate; fluctuations in general economic and business
conditions in the markets in which we operate; and other risks
outlined in our public filings with the Securities and Exchange
Commission, including our annual report on Form 20-F for the year
ended December 31, 2015. Except as
required by law, we undertake no obligation to update or review
publicly any forward-looking statements, whether as a result of new
information, future events or otherwise, after the date on which
the statement is made.
For more information, please contact:
In China:
Xinyuan Real Estate Co., Ltd.
Ms. May Shen
Investor Relations Director
Tel: +86 (10) 8588-9376
Email: irteam@xyre.com
ICR, LLC
Investors:
William Zima
In U.S.: +1-646-308-1472
In China: +86 (10) 6583 7511
Email: William.zima@icrinc.com
Media:
Edmond Lococo
In China: +86 (10) 6583-7510
Email: Edmond.Lococo@icrinc.com
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SOURCE Xinyuan Real Estate Co., Ltd.