GlobeNewswire Inc | Sep 24, 2020 04:34PM EDT

September 24, 2020

BEIJING, Sept. 24, 2020 (GLOBE NEWSWIRE) -- Xinyuan Real Estate Co., Ltd. (Xinyuan or the Company) (NYSE: XIN), an NYSE-listed real estate developer and property manager operating primarily in China and also in other countries, today announced that the Company has completed two tranches of partial repurchases of certain senior notes listed on the Singapore Exchange Securities Trading Limited (the SGX-ST).

The Companys Senior Notes set forth in the tables below (the Existing Senior Notes) are listed on the Singapore Exchange Securities Trading Limited (the SGX-ST). The SGX-ST assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained herein.

From March 3, 2020 to September 10, 2020

From March 3, 2020 through September 10, 2020, the Company made on-market repurchases of its 14.2% and 7.75% senior notes in accordance with the terms and conditions of that series of notes. The table below sets the total cumulative principal amount of each series repurchased by the Company from March 3, 2020, the date of the Companys last announcement regarding repurchase and cancellation of senior notes, through September 10, 2020, the total cumulative principal amount repurchased as a percentage of the original issue size and the outstanding principal amount of each series after the cancellation of the total cumulative principal amount repurchased:

Total Cumulative Outstanding Principal As a Principal ISIN Amount Percentage AmountSenior Notes Code/Common Repurchased of after Code from March the Cancellation, 3, Original as of 2020 to Issue Size September September 10, 2020 10, 202014.2% Senior Notes in anaggregate principal amountof XS1943449022 US$5,500,000 1.83% US$292,000,000US$300,000,000 (including /194344902US$100,000,000 tap issue)due 20217.75% Senior Notes in anaggregate principal amount XS1567240418 US$5,000,000 1.67% US$258,800,000of /156724041US$300,000,000 due 2021

From September 10, 2020 to September 24, 2020

From September 10, 2020 through September 24, 2020, the Company repurchased portions of its 8.875%, 7.75%, 14.2% and 14.5% senior notes in accordance with the terms and conditions of each series of the Existing Senior Notes. The table below sets the total cumulative principal amount of each series repurchased by the Company from September 10, 2020 through September 24, 2020, the total cumulative principal amount repurchased as a percentage of the original issue size and the outstanding principal amount of each series of the Existing Senior Notes after the cancellation of the total cumulative principal amount repurchased:

Total Cumulative Outstanding Principal As a Principal ISIN Amount Percentage AmountSenior Notes Code/Common Repurchased of after Code from the Cancellation, September 10, Original as of 2020 to Issue Size September 24, September 24, 2020 20208.875% Senior Notes in anaggregate principal XS1718488064 US$20,000,000 6.67% US$278,400,000amount of US$300,000,000 /171848806due 20207.75% Senior Notes in anaggregate principal XS1567240418 US$34,000,000 11.33% US$224,800,000amount of US$300,000,000 /156724041due 202114.2% Senior Notes in anaggregate principal amountof XS1943449022 US$38,000,000 12.67% US$254,000,000US$300,000,000 (including /194344902US$100,000,000 tap issue)due 202114.5% Senior Notes in anaggregate principal amount XS2176792658 US$500,000 0.17% US$299,500,000of /217679265US$300,000,000 due 2023

AboutXinyuan Real Estate

Xinyuan Real Estate Co., Ltd. ("Xinyuan") is an NYSE-listed real estate developer and property manager primarily in China and recently in other countries. In China, Xinyuan develops and manages large scale, high quality real estate projects in over ten tier one and tier two cities, including Beijing, Shanghai, Tianjin, Zhengzhou, Jinan, Qingdao, Chengdu, Xi'an, Suzhou, Dalian, Zhuhai and Foshan. Xinyuan was one of the first Chinese real estate developers to enter the U.S. market and over the past few years has been active in real estate development in New York. Xinyuan aims to provide comfortable and convenient real estate related products and services to middle-class consumers. For more information, please visit http://www.xyre.com.

Investor Contact:

For more information, please contact:

InChina:

Xinyuan Real Estate Co., Ltd.Mr.Charles WangInvestor Relations DirectorTel: +86 (10) 8588-9376Email:irteam@xyre.com

The Blueshirt GroupMs.Susie WangMobile: +86 (138) 1081-7475Email:susie@blueshirtgroup.com

Inthe United States:

The Blueshirt GroupMs.Julia QianEmail:Julia@blueshirtgroup.com