Xinyuan Property Management Ousts Department President Over Unauthorized Communications

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2026.05.29 04:13
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Xinyuan Property Management Service (Cayman) Ltd. has removed Mr. Wang Yantao as president of its property management department due to unauthorized communications. Effective May 29, 2026, the company stated this change will not adversely affect operations and emphasized its commitment to corporate governance and internal controls. The board clarified that only authorized communications reflect the company's official positions, aiming to mitigate reputational risks from prior unauthorized disclosures.