Sunrise Real Estate Development Group, Inc. Reports eps $0.10 for 2005, net Income & Revenues up Significantly

Sunrise Real Estate Development Group, Inc. Reports eps $0.10 for 2005, net Income & Revenues up Significantly

April 06, 2006

Successful Co-investment Project in Suzhou is a Major Contributor to Revenues and net Income in 2005

    SHANGHAI, China, April 6 /Xinhua-PRNewswire/ -- Sunrise
Real Estate Development Group, Inc. (OTC.BB: SRRE; Website:
http://www.sunrise.sh)  The first China based, primary real
estate marketer to be quoted on the U.S. OTC Bulletin Board,
today announced that it achieved record net income and
revenues in 2005.  The Company had a successful year both
in agency sales and co-investment operations.
    The following are the key financial highlights for the
Year Ended December 31, 2005, from the company's Form
10-KSB filed with the Securities and Exchange Commission
(SEC) on March 31, 2006:

    2005 FINANCIAL HIGHLIGHTS

    -- Net revenues increased 41% to $10.9 million from
$7.7 million in 2004.
    -- Net revenues from agency sales represent $6.5
million (or 60% of total), and        co-investment
operations represent $4.4 million (or 40% of total).
    -- Gross profit increased 111% to $7.5 million from
$3.6 million in 2004.
    -- Net income increased to $2.1 million from $63,944 in
2004.
    -- Earnings per share increased to $0.10 per share from
less than one cent in 2004. 

    Kevin Lin, Chief Executive Officer of Sunrise,
commented, "We are pleased with our 2005 financial
results, and we are poised to benefit from the growing
economy of China.  We are especially excited about
completing our first co-investment project
successfully."  

    2005 OPERATIONAL HIGHLIGHTS

    -- Sunrise signed 16 new agency sales contracts in
2005.
    -- Sunrise agency operations have sold 100 thousand
square meters of residential real        estate property in
2005.
    -- The Company completed its first co-investment
project with the Sovereign Building, a        commercial
and office space structure in Suzhou.

    2006 OUTLOOK

    Commenting on the Company's outlook for 2006, Kevin
Lin, CEO said, "Our co-investment model and the
experience gained from the Suzhou Property will contribute
significantly to our future growth.  We intend to enter
co-investment agreements, especially on residential
projects in 2006."

    Senior Vice President, Robert Lin said, "The
softening of the China real estate market helps our agency
sales operation because developers rely more upon
specialized marketing companies like Sunrise.  We expect to
see this trend continue in 2006."

    COMPANY BACKGROUND 

    Sunrise Real Estate Development Group, Inc is a
publicly traded real estate marketing and co-investment
company that operates exclusively in China.

    View  Harbinger Research report about Sunrise and
Standard & Poors Market Access coverage through links
in the  Company's website:  http://www.sunrise.sh

    SAFE HARBOR STATEMENT 

    The common stock of Sunrise Real Estate Development
Group, Inc. is listed 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.

    For more information, please contact:

     Vivian Zhang,
     Sunrise Real Estate Development Group, Inc.
     Tel:      [phone] x840
     Email: [e-mail]
     Site:    http://www.sunrise.sh

SOURCE  Sunrise Real Estate Development Group, Inc