Kirin International Holding, Inc. Attends Hebei 2011 Real Estate Developer Summit

BEIJING and NEW YORK, July 21, 2011 /PRNewswire/ -- Kirin International Holding, Inc. (OTC BB: KIRI, the "Company"), the largest private developer of residential mixed-use properties in Xingtai, North China's oldest city, announced that on July 16 it attended the Hebei 2011 Real Estate Developer Summit in Shijiazhuang, the Provincial Capital. "Kirin's No. 79 Courtyard project was awarded the 'Top Ten Designing Project' by more than 100 real estate developers at the Summit," said Kirin CEO Mr. Longlin Hu. "We look forward to developing further projects in Hebei Province and nearby areas that meet Kirin's criteria of high-growth communities in Third Tier markets with first-time, owner-occupied residents as clients," commented Mr. Hu.

The Company believes its home market of Xingtai in Hebei Province demonstrates the real estate development potential of China's Third Tier cities: continued urban migration, a balanced and growing economy, the need for trade up housing from an emerging middle class eager and willing to improve itself economically, and greater relative affordability than the PRC's First Tier and megacities.

In addition to its projects in Xingtai, the Company has started gaining knowledge on property conditions and related land and development approval procedures in Shijiazhuang and in Dezhou and Tai'an of Shandong Province, and the suburban area of Tianjin, all adjacent to the recently-opened Beijing-to-Shanghai high-speed rail corridor.

CONTACTS:
Ms. Cindy Zheng, CFO, Kirin International Holding, Inc.
[email protected]
+86 186 1025 7686

Mr. Dan McClory, Managing Director, Hunter Wise Financial Group, LLC
[email protected]
+1 949 732 4102

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This press release contains forward-looking statements made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon the current plans, estimates and projections of the Company's management and are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements.

Such statements include, among others, those concerning market and industry segment growth and demand for the Company's communities; any projections of sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in China, as well as all assumptions, expectations, predictions, intentions or beliefs about future events.

Therefore, you should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The following factors, among others, could cause the Company's actual results to differ materially from those anticipated in such forward-looking statements: business conditions in China; general economic conditions; geopolitical events and regulatory changes; availability of capital; the Company's ability to maintain its competitive position; the Company's dependence on key management; and other factors discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

SOURCE: KIRIN INTERNATIONAL HOLDING, INC.

SOURCE Kirin International Holding, Inc.