Sunrise Real Estate Group, Inc.

Overview

• Real estate development in Mainland China, including acquiring land rights, developing residential properties, and related project activities.
• Property leasing (holding and renting assets such as office space and unsold properties).
• Property management services through PRC subsidiaries, providing marketing, design, and management support to developers.
• Real estate consulting and agency services, including marketing, planning, and sales support for developers, and marketing alliances or outsourced marketing/sales for mid-sized and smaller developers.
• Real estate investments through project companies and subsidiaries, plus related financial activities such as entity investment and fund management.
• Investments in affiliated entities, including SHDEW, an unconsolidated affiliate from which the company has historically received cash dividends and advances.

Corporate structure

• SRRE is a holding company that operates through two primary holding entities:
  • CY-SRRE (wholly owned, Cayman Islands) and its PRC subsidiaries, including Shanghai Xin Ji Yang Real Estate Consultation Co., Ltd. (SHXJY) and Suzhou Xin Ji Yang Real Estate Consultation Co., Ltd. (SZXJY).
  • Lin Ray Yang Enterprise Ltd. (LRY, wholly owned, British Virgin Islands) and its PRC subsidiary Shanghai Shang Yang Investment Management and Consulting Co., Ltd. (SHSY), among others.
• Major PRC operating subsidiaries and focuses:
  • SHXJY: Real estate consultation and agency in Shanghai.
  • SZXJY: PRC subsidiary under SHXJY providing real estate consultation services.
  • SHSY: Real estate investment, management, and consulting services.
  • LYSY: Linyi Shang Yang Real Estate Development Co., Ltd. — villa-style residential development in Linyi; SRRE holds effective controlling voting interest via ownership and voting agreements.
  • LYRL: Linyi Rui Lin Construction and Design Co., Ltd. — construction and design services for the LYSY project.
  • HATX: Huai’an Tianxi Real Estate Development Co., Ltd. — Huai’an land/property project.
  • HAZB: Huai’an Zhong Bao real estate investment vehicle — major holding for the Huai’an project.
  • SHDEW: Unconsolidated affiliate (19.91% interest as of year-end 2025) with historical cash dividend and advance flows to SRRE.

Geographic focus

• All current prospects and deals are generated in Mainland China.
• Primary operations in Shanghai and Jiangsu Province, with significant activity in Linyi (Shandong) and Huai’an (Jiangsu).

Active projects and developments

• LYSY (Linyi): Villa-style residential development with multiple phases and a land expansion in 2020.
• Huai’an Tianxi Times project:
  • Phase 1: 82,218 sqm.
  • Phase 2: 99,123 sqm.
  • Units sold as of early 2026.
• Other assets: managed or leased units related to the GXL project and HATX land.

2025 operating metrics

Employees

• Total employees: 58 as of December 31, 2025.
• Approximate breakdown by entity:
  • SRRE: Executive 2; Accounting 1; Investor Relations 1 (≈4).
  • SHXJY: Administration 1; Accounting 1; R&D 1 (≈3).
  • SZXJY: Administration 4; R&D 1; Accounting 2; Marketing 5 (≈12).
  • SHSY: Administration 2; Accounting 2; Development 1 (≈5).
  • LYSY: Accounting 2; Administration 4; Construction 6; Marketing 1; Executive 1 (≈14).
  • HATX: Administration 9; Accounting 2; Construction 1; Marketing 7 (≈19).
  • SHRJ: Design 1 and other administrative roles included in the total headcount.

Revenue (2025)

• Disclosed contributions by entity (USD and percentage of disclosed revenue chart):
  • Huai’an Tianxi Real Estate Development Co., Ltd. (HA-TX): USD 10,742,940 — 80.10%.
  • Linyi Shangyang Real Estate Development Co., Ltd. (LYSY): USD 1,800,252 — 13.12%.
  • Zhong Ji Pu Fa Real Estate Co., Ltd. (SHGXL related): USD 444,665 — 3.32%.
  • Shanghai Shangyang Investment Management and Consulting Co., Ltd. (SHSY): USD 230,332 — 1.72%.
  • Suzhou Xin Ji Yang Real Estate Consultation Co., Ltd. (SZXJY): USD 195,024 — 1.45%.
• The five disclosed cash amounts total approximately USD 12,413,213 (about 99.71% of the disclosed revenue chart).
• No revenue was recorded from brokerage operations in 2025.

Shareholders and governance

• Ace Develop Properties held 62.61% of outstanding common stock as of March 25, 2026.
• Robert Lin Investments held 4.87% of outstanding common stock as of the same date.
• These holdings have material influence over governance.

Regulatory and risk context

• The PRC real estate industry is subject to government measures that affect down payments, mortgage availability, land acquisition, pre-sale and financing rules.
• The company faces regulatory and market risks related to development and financing, and fluctuations in PRC property demand and prices.
• Most revenue is Renminbi-denominated while reporting is in USD, creating foreign exchange considerations.
• The company reports under global financial reporting and internal control frameworks; material weaknesses in internal control were identified as of the 2025 year-end.

Summary

• Sunrise Real Estate Group, Inc. operates as a holding company with two main operating lines in China: real estate development and property management, and real estate-related consulting, design, marketing and investment activities.
• 2025 disclosed revenue across five subsidiaries totaled roughly USD 12.41 million, with HA-TX contributing the largest share (USD 10.74 million, 80.1%).
• The group employed 58 people across its entities as of year-end 2025.