Xinyuan Real Estate CFO Manbo He To Step Down; Names Huaiyu Liu CFO

(RTTNews) - Xinyuan Real Estate Co. Ltd. (XIN) said Manbo He has informed the Company that he is stepping down as Chief Financial Officer effective immediately due to personal reasons.

Dr. He has indicated that he will be available through April 30, 2015 to ensure an orderly transition. Dr. He's resignation was not the result of any disagreement with the Company with respect to the Company's financial or accounting practices.

The Company has announced the appointment of Huaiyu Liu as its new Chief Financial Officer, effective April 9th. Liu joins Xinyuan from Savills Asia Pacific where he served as Chief Financial Officer since 2011.

From 2005-2011, Liu served as the Regional Finance Controller for the Asia region for Stena Envac, a European multinational company focused on construction and engineering.