BEIJING, May 5 /PRNewswire-Asia/ -- 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 plans to release first quarter financial results
on Monday, May 10, 2010, before the
market opens.
The Company will hold a conference call at 8:00 am ET on May
10 to discuss first quarter results. Listeners may access
the call by dialing 1-719-325-2408. A webcast will also be
available through the Company's investor relations website at
http://www.xyre.com . A replay of the call will be available
through May 17, 2010 by dialing
1-719-457-0820, access code: 7430534.
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 44.7 million people in
seven strategically selected Tier II cities, comprising
Hefei, Jinan, Kunshan, Suzhou, Zhengzhou, Xuzhou and Chengdu. 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, 2009.
All information provided in this press release is as of
May 5, 2010. 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, Inc.
Tel: +1-203-682-8200
Email: Bill.zima@icrinc.com
Ms. Kate Messmer
ICR, Inc.
Tel: +1-203-682-8338
Email: kate.messmer@icrinc.com
SOURCE Xinyuan Real Estate Co., Ltd.