BEIJING, May 15, 2018 /PRNewswire/ -- Xinyuan Real Estate
Co., Ltd. ("Xinyuan" or "the Company") (NYSE: XIN), an NYSE-listed
real estate developer and property manager primarily in
China and in other countries,
today announced changes to its Board of Directors of the Company
(the "Board").
The Board welcomes the appointments of Mr. Samuel Shen and Dr. Hao Gao as independent
directors. Mr. Shen will be on the Compensation Committee and
Investment Committee. Dr. Gao will serve as a member of the
Nominating and Corporate Governance Committee and Audit Committee.
Dr. Huai Chen and Mr. Steve Sun will resign as directors of the
Board.
Mr. Samuel Shen is president of
JD Cloud, the cloud business unit under JD.com, China's largest online retailer. Reporting
directly to Richard Liu, JD.com CEO
and chairman, Mr. Shen leads the efforts of JD Cloud to extend its
offerings of tailored service solutions to a wide range of vertical
industries. Mr. Shen previously held various senior positions at
Microsoft, including chairman of the Microsoft Asia-Pacific
Technology Company, COO of the Microsoft Asia-Pacific R&D
Group, and general manager of Microsoft Cloud and Enterprise China.
Before Microsoft, he worked at IDT in California. Mr. Shen holds a Master's Degree
in Computer Science from the University of
California, Santa Barbara.
Dr. Hao Gao is the director of the Global Family Business
Research Center and the director of Strategic Partnership and
Development Office at Tsinghua University PBC School of Finance, as
well as the chief editor of the Family Business Series and Family
Wealth Series published by the People's Publishing House/Oriental
Press. He is also an independent director of Modern Media Holdings
Limited (HKEX: 00072). Dr. Gao obtained a Bachelor's Degree in
Automation Engineering from Tsinghua University, a Bachelor's
Degree in Economics from Peking University, and a Ph.D. Degree in
Management Science and Engineering from Tsinghua University. He has
completed the Corporate Boards Program, the Audit Committees
Program, and the Compensation Committees Program at Harvard Business School, as well as the Mergers and
Acquisitions Program and the People, Culture, and Performance
Program at the Graduate School of Business of Stanford University.
Mr. Yong Zhang, Xinyuan's
Chairman, commented, "On behalf of the board, I would like to thank
Dr. Chen and Mr. Sun for their services to Xinyuan. Their expertise
and counsel have contributed to our success, and we wish both of
them the best in their future endeavors. Meanwhile, I would like to
welcome Mr. Shen and Dr. Gao as our new board members. We believe
Mr. Shen's intimate knowledge of the practical applications of
today's leading technologies will provide us with valuable insight
and guidance in our pursuit of our strategic, long-term growth
goals. Dr. Gao's extensive knowledge and experience in finance and
management will add to our strategic building and corporate
governance initiatives."
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 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,
Suzhou, among others. 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,
2017. 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.
For more information, please contact:
In China:
Xinyuan Real Estate Co., Ltd.
Mr. Charles Wang
Investor Relations Director
Tel: +86 (10) 8588-9314
Email: irteam@xyre.com
ICR, LLC
Mr. William Zima
In U.S.: +1-646-308-1472
In China: +86 (10) 6583-7511
Email: William.zima@icrinc.com
Media:
Mr. Edmond Lococo
In China: +86 (10) 6583-7510
Email: Edmond.Lococo@icrinc.com
View original
content:http://www.prnewswire.com/news-releases/xinyuan-real-estate-co-ltd-announces-changes-to-board-of-directors-300648436.html
SOURCE Xinyuan Real Estate Co., Ltd.