BEIJING, April 18 /Xinhua-PRNewswire/ -- 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 relocated its corporate headquarters from Zhengzhou, Henan Province, to Beijing, China as part of the Company’s long-term strategic expansion plan.
“Our new corporate headquarters is ideally situated in the center of Beijing’s business district,” said Mr. Yong Zhang, Xinyuan’s chairman and chief executive officer. “By centralizing our front office personnel in Beijing, China’s economic policy epicenter, we can better manage and support our business operations as we continue expanding our geographic reach to strategically selected Tier II cities in China. This move will provide us greater visibility and recognition within the investment community, allowing us closer cooperation with investors and service agencies and improving our overall corporate value.”
Xinyuan will relocate approximately 110 employees to the new headquarters, including the Company’s senior management team, its financial management center, strategic investment and finance center, operating center, property development center, cost and design center, administrative and HR center and audit and legal affairs center.
Xinyuan’s new corporate headquarters is located at 27/F, China Central Place, Tower II, 79 Jianguo Road, Chaoyang District, Beijing, People’s Republic of China 100025. Xinyuan’s new telephone number is 86-010-8588-9200 and fax number is 86-010-8588-9300.
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 with a comfortable and convenient community life. Xinyuan focuses on China’s Tier II cities, characterized as larger, more developed urban areas with above average GDP and population growth rates. 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 over 34.5 million people in 6 strategically selected Tier II cities, including Chengdu, Hefei, Jinan, Kunshan, Suzhou and Zhengzhou. Xinyuan has completed 14 projects with a total gross floor area (“GFA”) of over 1.0 million square meters within the past 10 years and as of December 31, 2007, Xinyuan had 8 projects under construction with a total GFA of 1.1 million square meters and 6 additional projects under planning with total GFA of 1.4 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 .
For investor and media inquiries, please contact:
In China:
Ms. Lisa Wang
Director of Investor Relations
GM of Strategy, Investment and Finance Department
Tel: +86-10-6598-1626
Email: lisa.wang@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
