BEIJING, Feb. 9, 2018 /PRNewswire/ -- Xinyuan Real Estate Co., Ltd. ("Xinyuan" or the "Company") (NYSE: XIN), an NYSE-listed real estate developer and property manager operating primarily in China and also in other countries, today announced an update on its technology initiative with blockchain platform developer Ruizhuoxitou.
Mr. Yong Zhang, Xinyuan's Chairman, stated, "Since 2016, we have invested in advanced technologies to explore their value-added applications in real estate. This includes the application of blockchain technology through a company called Ruizhuoxitou, which focuses on the R&D of blockchain technology and provides blockchain-based technological services, such as asset digitization, rights verification, and information authentication. Ruizhuoxitou is also able to build consortium blockchain based on its own intellectual property rights. At the end of last month, I introduced Ruizhuoxitou's blockchain platform at the Tsinghua University School of Economics and Management's blockchain technology forum."
The Ruizhuoxitou blockchain platform has already been applied by the Shenzhen Municipal Government's Financial Service Development Office Off-Site Supervision Alert System and the Shenzhen Qianhai Insurance Exchange Center's Insurance Policy Authentication System. As one of the first five Chinese blockchain companies to receive the National High-Tech Enterprise certification and pass the functionality test from the Ministry of Industry and Information Technology, Ruizhuoxitou has applied for 46 invention patents related to blockchain technology with China's State Intellectual Property Office and one under the Patent Cooperation Treaty with the World Intellectual Property Organization.
"Together with Xinyuan's existing smart community property management capabilities, this blockchain initiative will be another supportive technology with which we can capture the market opportunities in China's huge real estate market, and we hope to further develop the platform so that it may be applied in multiple sectors and industries," added Mr. Zhang.
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, Xinyuan 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, and Suzhou. 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. Xinyuan 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.
Forward Looking Statements
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 and 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 successfully into new geographic markets and new business lines and expand our operations; 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, 2016. 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.
Notes to Unaudited Financial Information
This release contains unaudited financial information which is subject to year-end audit adjustments. Adjustments to the financial statements may be identified when the audit work is completed, which could result in significant differences between our audited financial statements and this unaudited financial information.
For more information, please contact:
In China:
Xinyuan Real Estate Co., Ltd.
Mr. Joe Xu
Investor Relations Director
Tel: +86 (10) 8588-9376
Email: irteam@xyre.com
ICR, LLC
In U.S.: +1-646-308-1472
In China: +86 (10) 6583-7511
Email: William.zima@icrinc.com
Media:
Edmond Lococo
In China: +86 (10) 6583-7510
Email: Edmond.Lococo@icrinc.com
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