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 it was honored as one of China’s sixty best employers for 2007 in a survey conducted by China Central Television ("CCTV").
"It is very rewarding to see Xinyuan recognized as one of the best employers in China," said Mr. Yong Zhang, Xinyuan’s chairman and chief executive officer. "Our investment in establishing a strong and positive corporate culture allows us to retain and attract some of the best talent in the real estate industry and supports our efforts to rapidly expand our reach throughout China’s Tier II cities."
The CCTV employer survey annually recognizes companies with outstanding leadership, advanced hiring and management systems, and positive corporate cultures, and aims to promote the growth, innovation and sharing of corporate ideas among companies. Xinyuan was selected from a pool of over 1,000 nominated companies and was the only company from China’s Henan Province to be honored.
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: yuan.gong@xyre.com
Mr. Derek Mitchell
Ogilvy Public Relations Worldwide (Beijing)
Tel: +86-10-8520-6284
Email: derek.mitchell@ogilvy.com
In the United States:
Mr. Jeremy Bridgman
Ogilvy Public Relations Worldwide (New York)
Tel: +1-212-880-5363
Email: jeremy.bridgman@ogilvypr.com
