On July 19, 2022, Xinyuan Real Estate Co., Ltd. announced that it has not made payments in full for the Notes at maturity on June 29, 2022. The total amount due and payable (including principal and interests) under the Notes is RMB 545.3 million. The Company has been in negotiation with the sole beneficial holder of the Notes with a view to resolving the matter soon.

The Company has also engaged Alvarez & Marsal Corporate Finance Limited and Latham & Watkins LLP to advise on its related debt matters.