BEIJING, Dec 09, 2009 /PRNewswire-Asia via COMTEX/ -- Xinyuan Real Estate Co., Ltd.
("Xinyuan" or "the Company") (NYSE: XIN), a residential real estate developer
with a focus on high growth, strategic Tier II cities in China, today
announced that it will hold its 2009 annual general meeting of shareholders at
the Company's offices at 27/F, China Central Place, Tower II, 79 Jianguo Road,
Chaoyang District, Beijing, 100025, People's Republic of China on December 30,
2009 at 3:00 p.m. Beijing/Hong Kong time (2:00 a.m. on December 30, 2009 U.S.
Eastern Standard Time). The shareholder record date is December 4, 2009.
Xinyuan has filed its annual report on Form 20-F, including its audited
financial statements for the fiscal year ended December 31, 2008, as amended,
with the U.S. Securities and Exchange Commission (the "SEC"). Xinyuan's Form
20-F can be accessed on the Investor Relations section of the Company's
website at http://ir.xyre.com as well as on the SEC's website at
http://www.sec.gov . The notice of the annual general meeting of shareholders
and the proxy statement related to the meeting are available through the
Company's website at http://agm.xyre.com .
About Xinyuan Real Estate Co., Ltd.
Xinyuan Real Estate Co., Ltd. ("Xinyuan") (NYSE: XIN) is a developer of
large scale, high quality residential real estate projects aimed at providing
middle-income consumers with a comfortable and convenient community lifestyle.
Xinyuan focuses on China's Tier II cities, characterized as larger, more
developed urban areas with above average GDP and population growth rates.
Xinyuan has expanded its network to cover a total population of over 34.5
million people in six strategically selected Tier II cities, comprising Hefei,
Jinan, Kunshan, Suzhou, Zhengzhou, Chengdu and Xuzhou. Xinyuan is the first
real estate developer from China to be listed on the New York Stock Exchange.
For more information, please visit http://www.xyre.com .
Safe Harbor Statement
This press release contains 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 our beliefs, forecasts, estimates and expectations, 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, the risk that: our
financing costs are subject to changes in interest rates; our results of
operations may fluctuate from period to period; the recognition of our real
estate revenue and costs relies on our estimation of total project sales value
and costs; we may be unable to complete our property developments on time or
at all; any construction delays, or failure to complete a project according to
our planned specifications or budget, may delay our property sales, which
could harm our revenues, cash flows and our reputation; the recognition of our
real estate revenue and costs relies upon our estimation of total project
sales value and costs; we may forfeit land to the PRC government if we fail to
comply with procedural requirements applicable to land grants from the
government or the terms of the land use rights grant contracts; we may fail to
obtain, or may experience material delays in obtaining, necessary government
approvals for any major property development, which will adversely affect our
business; increases in the price of raw materials may increase our cost of
sales and reduce our earnings; we are heavily dependent on the performance of
the residential property market in China, which is at a relatively early
development stage; PRC economic, political and social conditions as well as
government policies can affect our business, 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, 2008. All
information provided in this press release is as of December 9, 2009. Except
as required by law, we undertake no obligation to update or revise publicly
any forward-looking statements, whether as a result of new information, future
events or otherwise, after the date on which the statements are made or to
reflect the occurrence of unanticipated events.
For more information, please contact:
In China:
Mr. Tom Gurnee
Chief Financial Officer
Tel: +86-10-8588-9390
Email: tom.gurnee@xyre.com
Ms. Helen Zhang
Director of Investor Relations
Tel: +86-10-8588-9255
Email: yuan.z@xyre.com
In the United States:
Mr. Bill Zima
ICR, LLC
Tel: +1-203-682-8200
Email: Bill.zima@icrinc.com
Ms. Kate Messmer
ICR, LLC
Tel: +1-203-682-8338
Email: kate.messmer@icrinc.com
SOURCE Xinyuan Real Estate Co., Ltd.
http://www.xyre.com
http://agm.xyre.com