Xinyuan Real Estate Co., Ltd. announced changes to its Board of Directors of the Company (the "Board"). The Board welcomed the appointment of Dr. Shangrong Li as director. Dr. Li will serve as a member of the Investments Committee. Mr. Wells Tian will resign as director of the Board, and from his roles on the Nominating and Corporate Governance Committee and the Compensation Committee, to pursue other opportunities. Dr. Shangrong Li is currently the president of Xinyuan (China) Real Estate Co., Ltd., in charge of the company's overall operation and management. He was the vice president of JD Digits. Dr. Li previously held various senior positions at China Construction Bank (CCB), including president of Henan branch and Gansu branch, general manager of production innovation department, and roles in management at CCB headquarters.