| Xinyuan Real Estate Co., Ltd. (Xinyuan) is principally engaged in residential real estate development and the provision of property management services. It focuses on Tier II cities in China. The Company focuses on developing large scale residential projects, which typically consist of multiple residential buildings that include multi-layer apartment buildings, sub-high-rise apartment buildings or high-rise apartment buildings. Its projects include auxiliary services and amenities, such as retail outlets, leisure and health facilities, kindergartens and schools. It also develops small scale residential properties. In addition, the Company provides property management services for its developments and other real estate-related services to its customers. As of December 31, 2007, the Company had completed 14 projects with a total ground floor area (GFA) of approximately 1,001,199 square meters and comprising a total of 9,430 units, more than 99.5%, of which have been sold. |