Xinyuan Real Estate announces the postponement of the filing of its annual report

BEIJING, April 30, 2021 / PRNewswire / – Xinyuan Real Estate Co., Ltd. (“Xinyuan” or the “Company”) (NYSE: XIN), a real estate developer and manager listed on the New York Stock Exchange, operating primarily in China and the United States, today announced that its annual report on Form 20-F for the year December 31, 2020 (the “Annual Report”) could not be filed by April 30, 2021.

The annual report could not be submitted by April 30, 2021 filing deadline as the company’s audit committee, with the assistance of advisers, is currently conducting an independent review of certain transactions to assess their potential impact on the company’s 2020 financial statements.

The Audit Committee works diligently with its advisors to complete the review in a timely manner. The company will not be able to file its annual report until the audit committee has completed its review and the company evaluates the results of the review.

The company intends to follow the procedures set out in Section 802.01E of the NYSE Handbook for Companies Listed to remedy the late filing. The delayed filing has no impact on the day-to-day operations of the Company and has no immediate effect on the listing or trading of Xinyuan ADSs on the NYSE under the symbol “XIN”.

Forward-looking statements

Certain statements contained in this press release constitute “forward-looking statements”. These statements are made in accordance with the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements about future debt and financial condition, potential future collaborative efforts, among others. , and can generally be identified by terms such as “will”, “expects”, “anticipates”, “future”, “intends”, “plans”, “believes”, “believes” 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 execute our business model successfully. ; our ability to obtain adequate financing for the development of our projects; our ability to sell or successfully complete our real estate projects under construction and planning; our ability to successfully enter new geographic markets and new lines of business and to expand our operations; the marketing and sales capacity of our third-party sales agents; the performance of our third party subcontractors; 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 operate our business in accordance with applicable laws and regulations; competition from other real estate developers; the growth of the real estate sector in the markets in which we operate; the impact of pandemics, such as Covid-19, on the real estate market and the economies of our markets ; fluctuations in general economic and business conditions in the markets in which we operate; and other risks described in our public filings with the Securities and Exchange Commission, including our annual report on Form 20-F for the year ended December 31, 2019. Except as required by law, we assume no obligation to publicly update or review 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. Rick wang
Investor Relations Department
Phone: +86 (10) 8588-9376
Email: [email protected]

The Blueshirt group
M / s. Susie wang
Mobile phone: +86 (138) 1081-7475
Email: [email protected]

In United States:

The Blueshirt group
M / s. Julia qian
Email: [email protected]

Cision

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SOURCE Xinyuan Real Estate Co., Ltd.


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