Xinyuan Real Estate CEO Elected as Deputy to China's National People's Congress of Henan Province
January 17 2008 - 8:15AM
PR Newswire (US)
ZHENGZHOU, China, Jan. 17 /Xinhua-PRNewswire/ Xinyuan Real Estate
Co., Ltd. ("Xinyuan") (NYSE:XIN), a fast-growing residential real
estate developer with a focus on a strategically selected group of
China's Tier II cities, which are larger, more developed cities
with above average GDP and urban population growth rates, today
announced its chairman and chief executive officer, Mr. Yong Zhang,
has recently been elected as deputy to China's 11th National
People's Congress of Henan Province. In his role as deputy, Mr.
Zhang will attend the general meeting of the National People's
Congress of Henan Province, to be held the third and fourth weeks
of January, 2008. Mr. Zhang founded Xinyuan in 1997 and has more
than 20 years of experience in China's residential housing
industry. In 2004, Mr. Zhang was elected as one of the Top 10
Rising Entrepreneurs in China's Real Estate Industry by the China
International Real Estate & Archi-tech Fair. Mr. Zhang is also
vice chairman of the Henan Real Estate Association, a member of the
China Democratic National Construction Association and a deputy to
the 12th People's Congress of Zhengzhou City. About Xinyuan Real
Estate Co., Ltd. Xinyuan Real Estate Co., Ltd. ("Xinyuan")
(NYSE:XIN) is a fast-growing developer of large scale, quality
residential real estate projects aimed at providing middle-income
consumers in China's Tier II cities with a comfortable and
convenient community life. Ranked #1 among all property developers
in Zhengzhou in terms of contracted sales of residential units for
the years 2004, 2005 and 2006, Xinyuan has expanded its network to
cover a total population of 34 million people in 5 strategically
selected Tier II cities, including Chengdu, Hefei, Jinan, Suzhou
and Zhengzhou. Xinyuan has completed 13 projects with a total gross
floor area ("GFA") of 0.9 million square meters within the past 10
years and as of September 30, 2007, Xinyuan had 7 projects under
construction with a total GFA of 0.8 million square meters and 7
additional projects under planning with total GFA of 1.3 million
square meters. With a focus on high asset turnover, efficient
working capital management and strict cost control, Xinyuan is
dedicated to bringing high quality, affordable homes to China's
middle income buyers. For more information, please visit
http://www.xyre.com/ . Safe Harbor Statement This announcement may
contain 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 can
be identified by terminology such as "will," "expects,"
"anticipates," "future," "intends," "plans," "believes,"
"estimates," "confident" and similar statements. Statements that
are not historical facts, including statements concerning Xinyuan's
beliefs, forecasts, estimates and expectations, are forward-looking
statements. Forward-looking statements involve inherent risks and
uncertainties. Information regarding these risks and uncertainties
is included in our public filings with the Securities and Exchange
Commission, including our registration statement on Form F-1, as
amended. All information provided in this press release is as of
January 17, 2008, and Xinyuan undertakes no duty to update such
information, except as required under applicable law. For investor
and media inquiries, please contact: In China: Mr. Alex Gong
Director of Investor Relations Tel: +86-371-6565-1611 Email: Mr.
Derek Mitchell Ogilvy Public Relations Worldwide (Beijing) Tel:
+86-10-8520-6284 Email: In the United States: Mr. Jeremy Bridgman
Ogilvy Public Relations Worldwide (New York) Tel: +1-212-880-5363
Email: DATASOURCE: Xinyuan Real Estate Co., Ltd. CONTACT: In China:
Mr. Alex Gong, Director of Investor Relations, +86- 371-6565-1611,
or ; Or Mr. Derek Mitchell of Ogilvy Public Relations Worldwide
(Beijing), +86-10-8520-6284, or ; Or In the United States: Mr.
Jeremy Bridgman of Ogilvy Public Relations Worldwide (New York),
+1-212-880-5363, or
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