Sunrise Real Estate Group, Inc. Reports Significant Increase in Second Quarter Earnings

Sunrise Real Estate Group, Inc. Reports Significant Increase in Second Quarter Earnings

August 28, 2006

    SHANGHAI, China, Aug. 28 /Xinhua-PRNewswire/ -- Sunrise
Real Estate Group, Inc. (OTC Bulletin Board: SRRE; website:
http://www.sunrise.sh ) reported significant increase in
revenues and net income for Second Quarter, 2006.

    Net revenues for Second Quarter, 2006 were $5,354,935;
this is a 127% increase over revenues reported for the same
period last year ($2,363,709).

    Net income of the Second Quarter this year was
$2,055,302, or a 263% increase over revenues reported for
the same quarter last year ($565,558).

    The following are the key financial highlights for Six
Months ending June 30, 2006, from the Company's 10-QSB
filed with the Securities and Exchange Commission (SEC) on
August 17, 2006.

    -- Six Months, 2006 Net Revenues increased 135% to
$9.95 million 
       from $4.23 million in 2005.

    -- Six Months, 2006 Gross Profit increased 114% to
$6.35 million 
       from $2.97 million in 2005.

    -- Six Months, 2006 Net Income increased 218% to $3.37
million 
       from $1.06 million in 2005.

    -- Six Months, 2006, Earnings Per Share to $0.15 per
share from 
       $0.05 per share in 2005.

    Revenues from co-investment operations account for 75%
of total net revenues for Six Month, 2006.

    Kevin Lin, (Lin Chi-Jung), Chairman & CEO of
Sunrise stated: "We entered into co-investment
operations in 2004.  This has been a significant strategic
expansion of our business."

    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. 

    For more information, please contact:

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

SOURCE  Sunrise Real Estate Group, Inc.