BEIJING, Aug. 18, 2020 /PRNewswire/ -- Xinyuan Real Estate
Co., Ltd. ("Xinyuan" or "the Company") (NYSE: XIN) is saddened to
announce today that Thomas Gurnee,
its long-time Independent Director and Audit Committee Chairman,
passed away from illness.
Mr. Yong Zhang, Chairman of
Xinyuan, said, "It is with great sadness that I announce the
passing of my friend and colleague Thomas
Gurnee. Thomas had served as our Board of Directors since
2007 and was also the chairman of our Audit Committee. We greatly
appreciate his support of the Company, as well as the advice and
counsel provided to us over the years. On behalf of the Board of
Directors and all Xinyuan employees, we would like to extend our
deepest condolences to the Gurnee family."
The Company's Board of Directors implemented the emergency
succession plan and has appointed Yifan(Frank) Li, Independent Director and Audit
Committee Member of Xinyuan, as Audit Committee Chairman.
Thomas Gurnee was appointed to
the Board of Directors of the Company in December 2007 and from February 2009 through October 2013 served as the Chief Financial
Officer. In 2015, Mr. Gurnee was appointed as Audit Committee
Chair. Mr. Gurnee is owner and manager of Chalet Development LLC, a
U.S.-based real estate company. From 2006-2008, Mr. Gurnee was the
Chief Financial Officer of GEM Services Inc., a semiconductor
contract manufacturer based in China. Prior to that, Mr. Gurnee served as the
President of Globitech Inc., a Texas-based epitaxial semiconductor wafer
manufacturer, the Chief Financial Officer of Artest Inc., a
California-based semiconductor
test subcontractor, and the Chief Financial Officer of Sohu.com
(NASDAQ: SOHU), a Beijing-based
internet portal. Mr. Gurnee obtained his bachelor's degree from
Stanford University and master's degree
in business administration from the University of Santa Clara.
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, Tianjin,
Zhengzhou, Jinan, Qingdao, Chengdu, Xi'an, Suzhou, Dalian, Zhuhai and
Foshan. 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.
Investor Contact:
For more information, please contact:
In China:
Xinyuan Real Estate Co., Ltd.
Mr. Charles
Wang
Investor Relations Director
Tel: +86 (10) 8588-9376
Email: irteam@xyre.com
The Blueshirt Group
Ms. Susie Wang
Mobile: +86 (138) 1081-7475
Email: susie@blueshirtgroup.com
In the United States:
The Blueshirt Group
Ms. Julia Qian
Email: Julia@blueshirtgroup.com
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SOURCE Xinyuan Real Estate Co., Ltd.