Xinyuan Real Estate Co., Ltd. Announces Completion of Partial Repurchases of Senior Notes 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 Company’s 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 Company’s 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 Amount ISIN Amount Percentage after Senior Notes Code/Common Repurchased of Cancellation, Code from March 3, the Original as of September 2020 to Issue Size 10, 2020 September 10, 2020 14.2% Senior Notes in an aggregate principal amount of XS1943449022 US$300,000,000 /194344902 US$5,500,000 1.83% US$292,000,000 (including US$100,000,000 tap issue) due 2021 7.75% Senior Notes in an aggregate XS1567240418 principal amount of /156724041 US$5,000,000 1.67% US$258,800,000 US$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 Amount Senior Notes Code/Common Repurchased of after Code from the Original Cancellation, September 10, Issue Size as of September 2020 to 24, September 24, 2020 2020 8.875% Senior Notes in an aggregate principal XS1718488064 amount of /171848806 US$20,000,000 6.67% US$278,400,000 US$300,000,000 due 2020 7.75% Senior Notes in an aggregate principal XS1567240418 amount of /156724041 US$34,000,000 11.33% US$224,800,000 US$300,000,000 due 2021 14.2% Senior Notes in an aggregate principal amount of XS1943449022 US$300,000,000 /194344902 US$38,000,000 12.67% US$254,000,000 (including US$100,000,000 tap issue) due 2021 14.5% Senior Notes in an aggregate principal XS2176792658 amount of /217679265 US$500,000 0.17% US$299,500,000 US$300,000,000 due 2023 About Xinyuan 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: In China: Xinyuan Real Estate Co., Ltd. Mr. Charles Wang Investor Relations Director Tel: +86 (10) 8588-9376 Email: [email protected] The Blueshirt Group Ms. Susie Wang Mobile: +86 (138) 1081-7475 Email: [email protected] In the United States: The Blueshirt Group Ms. Julia Qian Email: [email protected]