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Xinyuan Real Estate shuffles board

Huai Chen and Steve Sun will resign as directors on the board of Xinyuan Real Estate Co. Ltd..

The Chinese real estate developer tapped Samuel Shen and Hao Gao as independent directors.

Shen, president of JD Cloud, the cloud business unit of Chinese e-commerce company JD.com Inc., will serve on the compensation committee and investment committee, while Gao will serve on the nominating and corporate governance committee and audit committee. Gao is the director of Global Family Business Research Center, among other positions.