Xinyuan Real Estate Named One of China's Sixty Best Employers
January 17 2008 - 7:03AM
PR Newswire (US)
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: Mr.
Derek Mitchell Ogilvy Public Relations Worldwide (Beijing) Tel:
+86-10-8520-6284 Email: In the United States: Mr. Jeremy Bridgman
Ogilvy Public Relations Worldwide (New York) Tel: +1-212-880-5363
Email: DATASOURCE: Xinyuan Real Estate Co., Ltd. CONTACT: In China:
Mr. Alex Gong, Director of Investor Relations, +86- 371-6565-1611,
or , or Mr. Derek Mitchell, Ogilvy Public Relations Worldwide
(Beijing), +86-10-8520-6284, or ; Or In the United States: Mr.
Jeremy Bridgman, Ogilvy Public Relations Worldwide (New York),
+1-212-880-5363, or Web site: http://www.xyre.com/
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