BEIJING, March 3, 2017 /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 in other countries,
today announced that the Company has appointed Mr. Yifan "Frank"
Li, as Xinyuan's Independent Director and a member of the Audit Committee, effective
immediately.
Yifan "Frank" Li possesses over
twenty years of experience in the areas of corporate financial
management, M&A, principal investment, debt & equity
offerings, and risk management across the Asia Pacific region. Most recently, Frank has
been a Director and VP of Geely Holding Group. Prior to joining
Geely, he was VP and international CFO of SanPower Group, where he
led the acquisition and integration of UK retailer House of Fraser
and US retailer Brookstone. He also served as CFO of China
Zenix Auto International (NYSE: ZX), where he led the
first-ever IPO in China's auto
industry.
Frank also serves as an Independent Director of Shanghai
International Port (Group) Co. Ltd. (600018-CN) and Heilongjiang
Interchina Water Treatment Co., Ltd. (600187-CN)
Frank, a CPA and CGMA, received his MBA from University of Chicago Booth School of Business, MSc
in Accounting from University of Texas at
Dallas, and Bachelor of Economics in World Economy from
Fudan University.
Mr. Yong Zhang, Xinyuan's
Chairman commented, "We are glad to have Frank on board with his
proven track record as a seasoned financial executive and his
experience spanning across various industries in both U.S. and
China. We are proud to welcome him and believe he will
significantly contribute to the strength of our board and help
guide our future growth."
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 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 intended use of proceeds 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; 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:
Xinyuan Real Estate Co., Ltd.
Mr. Joe Xu
Investor Relations Deputy 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.