A fast-growing residential real estate developer with a focus on strategically selected Tier II cities in China, today announced that its board of directors has authorized a $10 million share repurchase program, subject to approval by holders of a majority of the company's outstanding shares.

"The Board's authorization of this share repurchase program reflects our continued confidence in the long-term growth prospects of our company and China's real estate industry. We are committed to increasing shareholder value and we believe that our ADSs are presently undervalued in the marketplace," said Mr. Yong Zhang, Xinyuan's chairman and chief executive officer.

Assuming approval by the company's shareholders, repurchases under Xinyuan's program will be made in open market transactions in compliance with Securities and Exchange Commission Rule 10b-18 or in privately negotiated transactions.

The timing and amount of shares to be repurchased under the program will depend on market conditions, share price, corporate and regulatory requirements and other factors. The share repurchase program may be suspended or discontinued at any time without prior notice and does not require the purchase of any minimum number of shares.
About Xinyuan Real Estate Co., Ltd.

Xinyuan Real Estate Co., Ltd. is a fast-growing 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 and Chengdu. Xinyuan is the first real estate developer from China to be listed on the New York Stock Exchange.

Компания "SV Development"