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)