BEIJING, July 27, 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 Mr. Lizhou Zhang as the
Company's new Chief Executive Officer and as a member of the Board
of Directors, effective immediately. Mr. Xinqi Wang will no longer serve as Chief
Executive Officer and as a member of the Board of Directors,
effective immediately.
Mr. Zhang joins Xinyuan after working at Wanda Group, one of
China's largest property
enterprises, for nearly seven years with different positions. Since
January 2014, Mr. Zhang served as
General Manager at Wanda One UK Co., Ltd. From 2011 to 2013, Mr.
Zhang worked as Assistant to the President of Wanda Group and
General Manager of the Northern Project Management Center and
Operation Center of Wanda Commercial Management Company. Prior to
this role, Mr. Zhang served as General Manager at two different
city companies of the Wanda Group. Mr. Zhang holds a Bachelor's
degree in Construction Management from Chongqing University, and a Master's degree in
Monetary Banking from Dongbei University of Finance and
Economics.
Mr. Yong Zhang, Chairman of
Xinyuan, commented, "I am pleased to welcome Mr. Lizhou Zhang, who brings more than fifteen years
of leadership experience in the real estate sector, with a track
record in leading businesses. We look forward to working with
Lizhou, leveraging his experience and capabilities as we continue
to scale our operations in China
and overseas. On behalf of the Company, I would like to thank Mr.
Xinqi Wang for his contributions to
Xinyuan over the past three years and 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
William Zima
In U.S.: +1-646-308-1472
In China: +86 (10) 6583-7511
Email: William.zima@icrinc.com
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SOURCE Xinyuan Real Estate Co., Ltd.