---
title: "Xinyuan Service's controlling shareholder Xinyuan Real Estate intends to propose the removal of Chairman Shen Yuanqing at the shareholders' meeting"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288262178.md"
description: "Xinyuan Real Estate intends to propose a shareholder meeting to remove Xinyuan Services Chairman Shen Yuanqing. Due to allegations of illegally reorganizing the board of directors, dismissing executives, and inaccurate salary disclosures, Xinyuan Real Estate has filed a lawsuit and initiated a special shareholder meeting procedure aimed at removing Shen Yuanqing and related improperly appointed directors from their positions. Previously, there had been personnel changes in the board of directors of Xinyuan Services"
datetime: "2026-06-01T11:13:11.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288262178.md)
  - [en](https://longbridge.com/en/news/288262178.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288262178.md)
---

# Xinyuan Service's controlling shareholder Xinyuan Real Estate intends to propose the removal of Chairman Shen Yuanqing at the shareholders' meeting

On June 1st, the official WeChat account of Xinyuan Group, "Xinyuan Official WeChat," published a "Stern Statement from Xinyuan Real Estate Holding Limited Regarding the Illegal Restructuring of the Board of Directors of Xinyuan Services." It stated that Xinyuan Real Estate, the controlling company of Xinyuan Services, has filed a lawsuit in the Hong Kong High Court regarding the illegal restructuring of the board of directors of Xinyuan Services by Chairman Shen Yuanqing, the arbitrary dismissal of multiple core senior management personnel, and significant inaccuracies in salary disclosures. At the same time, Xinyuan Real Estate has initiated the procedure to convene a special shareholders' meeting, proposing to remove Shen Yuanqing from his positions as director and chairman of the board of Xinyuan Services, as well as the positions of those who were improperly appointed as "directors."

Previously, at the end of April, three members of the board of directors of Xinyuan Services were dismissed, two directors voluntarily resigned, the board secretary was replaced, and five new directors and executives with technology backgrounds were quickly appointed. (Times Finance, Chen Zexuan)

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