Sunrise Real Estate Group, Inc. Announces Management Changes
November 14, 2019 at 03:38 pm EST
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Effective as of November 8, 2019, Mr. Pan Yu-Jen notified Sunrise Real Estate Group, Inc.’s Board of Directors that he would resign as the Company’s Chief Executive Officer. The Board of Directors accepted his resignation. Mr. Pan will still serve as a director of the Company’s Board of Directors. Effective as of November 8, 2019, the Company’s Board of Directors approved the appointment of Mr. Zhang Jian as the Chief Executive Officer. Mr. Zhang has more than 23 years of experiences in the business sector. Since 2017, Mr. Zhang has been a senior consultant at the Company’s subsidiary, Shanghai Shang Yang Investment Management and Consulting Co., Ltd, where he has been advising the Company’s operations as a group. Previously, Mr. Zhang was the Deputy General Manager at Chongqing Nongxin Shangyang Equity Investment Fund Management Co. Ltd., where he was in charge of its risk management.
Sunrise Real Estate Group, Inc. is engaged in the provision of property brokerage services. The Company's segments are Property Brokerage Services, Real Estate Development and Corporate. The Company operates in the People's Republic of China (PRC). The Company's services include property marketing, leasing and management services, and real estate development. The real estate property under development consists of residential unit sites, and commercial and residential unit sites under development. The real estate property under development represents the Company's real estate development project in Linyi, the PRC (Linyi Project), which is located on the junction of Xiemen Road and Hong Kong Road in Linyi City Economic Development Zone, Shandong Province, PRC. The project covers a site area of approximately 103,385 square meters for the development of villa-style residential housing buildings. The Company leases its office properties under non-cancellable operating lease arrangements.