BEIJING, Dec. 5 /PRNewswire-Asia/ -- Xinyuan Real Estate Co., Ltd. ("Xinyuan" or "the Company")(NYSE: XIN), a fast-growing residential real estate developer with a focus on strategically selected Tier II cities in China, today announced that it has obtained shareholder approval for all matters submitted for approval at the Company's 2008 annual general meeting held in Beijing today.
The following resolutions proposed by the Company were approved by Xinyuan's shareholders:
1. Approval by ordinary resolution of the manner of purchase under the
Company's share repurchase program.
2. Amendment by special resolution of Articles 16 through 18 of the
Amended and Restated Articles of Association of the Company such that,
subsequent to the share repurchase program described in proposal 1, the
manner of purchase by the Company of its shares shall be in accordance
with the Company's Restated Articles and other terms determined by its
board of directors.
3. Ratification by ordinary resolution of the appointment of the Company's
independent auditor Ernst & Young Hua Ming for the fiscal year 2008.
Materials related to the annual general meeting of shareholders, including the proxy statement, are available through the Company's website at http://agm.xyre.com .
About Xinyuan Real Estate Co., Ltd.
Xinyuan Real Estate Co., Ltd. ("Xinyuan") (NYSE: XIN) is a fast-growing developer of large scale, high quality residential real estate projects aimed at providing middle-income consumers with a comfortable and convenient community lifestyle. Xinyuan focuses on China's Tier II cities, characterized as larger, more developed urban areas with above average GDP and population growth rates. Xinyuan has expanded its network to cover a total population of over 34.5 million people in six strategically selected Tier II cities, comprising Hefei, Jinan, Kunshan, Suzhou, Zhengzhou and Chengdu. Xinyuan is the first real estate developer from China to be listed on the New York Stock Exchange. For more information, please visit http://www.xyre.com .
Safe Harbor Statement
This press release 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 our beliefs, forecasts, estimates and expectations, are
For more information, please contact:
In China:
Mr. Frank Ng
Chief Financial Officer
Tel: +86-10-8588-9255
Email: frankng@xyre.com
Mr. Jacky Zhang
Deputy General Manager of Investor Relations
Tel: +86-10-8588-9262
Email: zhengang.zhang@xyre.com
Mr. Derek Mitchell
Ogilvy Financial, Beijing
Tel: +86-10-8520-6284
Email: derek.mitchell@ogilvy.com
In the United States:
Mr. Thomas Smith
Ogilvy Financial, New York
Tel: +1-212-880-5269
Email: thomas.smith@ogilvypr.com
