On April 29, 2024, Xinyuan Real Estate Co., Ltd. announced that it had received the requisite consents in connection with its previously commenced consent solicitation relating to that certain indenture dated August 18, 2023 relating to the Company's 3.0% senior notes due 2027. The Consent Solicitation was made pursuant to a consent solicitation statement dated April 17, 2024. The company received valid consents in respect of 88.55% of the aggregate principal amount of the outstanding Notes, which constitutes the requisite consents to (i) amend certain provisions of the Indenture to remove the minimum cash interest requirement for the interest payment period from and including September 30, 2023 up to and excluding April 1, 2024 (the "Proposed Amendments"), and (ii) irrevocably and unconditionally waive all defaults under the Indenture which may arise from the failure of the Company to make payment of cash interest on the Notes on March 31, 2024.

On April 29, 2024, the Company, certain subsidiary guarantors, and Citicorp International Limited, as trustee, entered into a Supplemental Indenture to the Indenture, to implement the Proposed Amendment. Accordingly, the Company has accrued the payment-in-kind interest on the principal amount of the outstanding Notes and is no longer obligated to pay interest in cash for the aforementioned period.