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April 18, 2012 at 03:03 AM EDT
Sunrise Real Estate Group, Inc. Announces Appointment of CFO and Resignation of Interim CFO

SHANGHAI, April 18, 2012 /PRNewswire-Asia/ -- Sunrise Real Estate Group, Inc. (OTC.QB: SRRE; website: www.sunrise.sh) announced that on April 16, 2012, Mr. Wang Wen Yan was appointed as Chief Financial Officer of Sunrise Real Estate Group, Inc. (the "Company"). On the same day, Mrs. Wang Wen Hua resigned as interim CFO of Sunrise and remains as the Group's senior comptroller.

Mr. Wang, 32 years old, was previously the financial controller and CFO of the Company. Mr. Wang had been with the Company since May 2005 and left on March 17, 2011. He worked in a real estate development company for 4 years before joining the Company. He graduated from Shanghai University with a Bachelor's degree in accounting and has a Master's degree at the Shanghai University of Finance and Economics.

Forward Looking Statements

The common stock of Sunrise Real Estate Group, Inc. is quoted and traded on the OTC Bulletin Board under the trading symbol "SRRE". This press release contains forward-looking information within the meaning of section 29A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forwarding-looking statements include statements concerning plans, objectives, goals, strategies, future events or performances and underlying assumption and other statements, which are other than statements of historical facts. Certain statements contained herein are forward-looking statements and, accordingly, involve risks and uncertainties, which could cause actual results, or outcomes to differ materially from those expressed in the forward-looking statements. The Company's expectations, beliefs and projections are expressed in good faith and are believed by the Company to have a reasonable basis, including without limitations, management's examination of historical operating trends, data contained in the Company's records and other data available from third parties, but there can be no assurance that management's expectations, beliefs or projections will result, or be achieved, or accomplished.

SOURCE Sunrise Real Estate Development Group, Inc.

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