Real Estate Central

BEIJING, Aug. 19 /Xinhua-PRNewswire/ — Xinyuan Real Estate Co., Ltd.
(”Xinyuan”) (NYSE: XIN), a fast-growing residential real estate developer
with a focus on strategically selected Tier II cities in China, today
announced that it has appointed Mr. Frank Hin Kit Ng as its chief financial
officer to replace Mr. Longgen Zhang, who will step down as chief financial
officer effective August 31, 2008 to pursue other professional interests.
Mr. Zhang will remain to assist management with the announcement of
Xinyuan’s second quarter earnings on September 2, 2008.

”I would like to thank Longgen for his dedicated service to Xinyuan,”
said Mr. Yong Zhang, Xinyuan’s chairman and chief executive officer. ”As
CFO, he helped Xinyuan transition from a private company to the first
developer from China to be listed on the New York Stock Exchange. We are
grateful for his leadership with this transition and his assistance in
strengthening our financial and internal controls.”

”We are now delighted to announce the appointment of Mr. Ng as our new
chief financial officer,” continued Mr. Zhang. ”Mr. Ng brings with him
over 20 years of broad financial experience and his extensive knowledge
will help further strengthen our financial management, transparency and
corporate governance efforts as we continually strive to exceed the high
standards expected by our shareholders. In addition to his impressive
financial background, Mr. Ng’s employment history includes leadership
positions with some of the most well-known publicly listed property
management and real estate development companies in China and Hong Kong. We
are excited and eager for him to fill this role and confident that he will
make significant contributions to our team as we continue to build the
Xinyuan brand in Tier II cities across China.”

Mr. Ng joins Xinyuan from Melco China Resorts Limited, a company listed
on the Toronto Stock Exchange (CVE: MCG) where he served as the chief
financial officer. Prior to that, Mr. Ng was the chief financial officer
for Agile Property Holdings Ltd., a company listed on the Hong Kong Stock
Exchange (HKSE: 3383). Earlier in his career, Mr. Ng held several senior
finance positions with well-respected Chinese companies and was the
financial controller of Beijing Oriental Plaza Co., Limited, invested by Li
Kai Shing’s companies and others, and later went on to become the general
manager of finance and operations with Total Wireless Solutions Industrial
Limited.

Mr. Ng holds numerous academic and professional accreditations
including an MBA in Technology Management from Monash University,
Australia, an MSc in Real Estate from the University of Reading, England, a
postgraduate diploma in Management Studies from City University of Hong
Kong, a BBA in Finance and Accounting from the University of East Asia,
Macau and a CPA in Hong Kong and Australia. Mr. Ng is also a Fellow Member
of the Association of Chartered Certified Accountants and an Associate
Member of the Institute of Chartered Secretaries and Administrators.

About Xinyuan Real Estate Co., Ltd.

Xinyuan Real Estate Co., Ltd. (”Xinyuan”) (NYSE: XIN) is a
fast-growing developer of large scale, quality residential real estate
projects aimed at providing middle-income consumers with a comfortable and
convenient community life. 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. For more information, please visit
http://www.xyre.com .

Safe Harbor Statement

This announcement may contain 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 Xinyuan’s 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 the risk that: we rely on our key management
members; we face intense competition from other real estate developers; PRC
economic, political and social conditions as well as government policies
can affect our business; we may be unable to complete our property
developments on time or at all; we may not be able to successfully manage
our expansion; we may not be able to execute our business plan; our results
of operations may fluctuate from period to period 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,
2007. All information provided in this press release is as of August 19,
2008, and Xinyuan undertakes no duty to update such information, except as
required under the applicable law.



For investor and media inquiries, please contact:

Ms. Lisa Wang
Director of Investor Relations
General Manager of Strategy, Investment and Financing Department
Tel: +86-10-6598-1626
Email: lisa.wang@xyre.com

Mr. Derek Mitchell
Ogilvy Financial, Beijing
Tel: +86-10-8520-6284
Email: derek.mitchell@ogilvy.com

In the United States:
Mr. Thomas Smith
Ogilvy Financial, New York
Tel: +1-212-880-5269
Email: thomas.smith@ogilvypr.com

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[Via Real Estate Newswire]