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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Pursuant to Section 13 or 15(d) of the</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Securities Exchange Act of 1934</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event reported)
March 27, 2012 (<FONT STYLE="font: 10pt Times New Roman, Times, Serif">March 23, 2012)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SUNRISE REAL ESTATE GROUP, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in
its charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; border: black 1pt solid; text-autospace: none; text-align: center">Texas</TD>
    <TD STYLE="width: 33%; border: black 1pt solid; text-autospace: none; text-align: center">000-32585</TD>
    <TD STYLE="width: 33%; border: black 1pt solid; text-autospace: none; text-align: center">75-2713701</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border: black 1pt solid; text-autospace: none; text-align: center">(State of Incorporation)</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-autospace: none; text-align: center">(Commission File Number)</TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-autospace: none; text-align: center">(IRS Employer Identification)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of principal executive offices)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">No. 638, Hengfeng Road 25th Fl, Building
A</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Shanghai, PRC 200070</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Registrant's telephone number, including
area code + 86-21-6167-2800</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Former Name or Former Address if Changed
Since Last Report)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%; text-autospace: none">&nbsp;</TD>
    <TD STYLE="width: 6%; text-autospace: none; font-family: Wingdings">o</TD>
    <TD STYLE="width: 89%; text-autospace: none">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%; text-autospace: none">&nbsp;</TD>
    <TD STYLE="width: 6%; text-autospace: none; font-family: Wingdings">o</TD>
    <TD STYLE="width: 89%; text-autospace: none">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%; text-autospace: none">&nbsp;</TD>
    <TD STYLE="width: 6%; text-autospace: none; font-family: Wingdings">o</TD>
    <TD STYLE="width: 89%; text-autospace: none">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%; text-autospace: none">&nbsp;</TD>
    <TD STYLE="width: 6%; text-autospace: none; font-family: Wingdings">o</TD>
    <TD STYLE="width: 89%; text-autospace: none">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 5.02 Departure of Directors or Principal Officers;
Election of Directors; Appointment of Principal Officers </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: black">(1</FONT>) Effective March 23, 2012,
Mr. Liu Zhen Yu resigned as the Chief Financial Officer (&ldquo;CFO&rdquo;) of Sunrise Real Estate Group, Inc. (the &ldquo;Company&rdquo;).
His resignation was not due to any disagreement with the Company or its management regarding any matter relating to the Company&rsquo;s
operations, policies or practices.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: black">(2) On </FONT>March 23, 2012<FONT STYLE="color: black">,
the Company appointed Mrs. Wang Wen Hua as the interim CFO, who will hold the office from March 23 to April 15, 2012.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mrs. Wang, 46 years old, has been with the Company, specifically
the Company&rsquo;s subsidiary, Shanghai Xi Ji Yang, since its inception more than 10 years ago. She started with the Company as
a financial manager and later as a senior comptroller since 2011.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Family Relationships</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">No family relationships exist between any of the directors or
executive officers of the Company with Mrs. Wang.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Certain Related Transactions and Relationships</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mrs. Wang<FONT STYLE="font: 10pt Times New Roman, Times, Serif">'s
salary for 2011 was $30,194 and will remain so for 2012. The Company has not been party to any transaction or any currently
proposed transaction with Mrs. Wang in which the Company was or will be a participant and where the amount involved exceeds
$120,000, and in which Ms. Wang had or will have a direct or indirect material interest. Mrs. Wang has no other reportable
relationships with the Company or its affiliates.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: black">(3) On </FONT>March 23, 2012, t<FONT STYLE="color: black">he
Company also appointed Mr. Wang Wen Yan as the CFO, effective on April 15, 2012. During the interim, Mr. Wang will be preparing
the first quarter financial report of the Company as well participating in the day to day operation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">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&rsquo;s degree
in accounting and has a Master&rsquo;s degree at the Shanghai University of Finance and Economics.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Family Relationships</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">No family relationships exist between any of the directors or
executive officers of the Company with Mr. Wang.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Certain Related Transactions and Relationships</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mr. Wang&rsquo;s salary as CFO after April 15 will be approximately $42,851 for the year. The Company
has not been party to any transaction with Mr. Wang any currently proposed transaction with Mr. Wang in which the Company was or
will be a participant and where the amount involved exceeds $120,000, and in which Mr. Wang had or will have a direct or indirect
material interest. Mr. Wang has no other reportable relationships with the Company or its affiliates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 8.01 Other Events.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On March 27 , 2012, the Company issued a press release (the
&ldquo;Press Release&rdquo;) announcing Mr.&nbsp;Liu&rsquo;s resignation and appointment of Ms. Wang and Mr. Wang, a copy of which
is attached hereto as Exhibit 99.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><B><U>Item 9.01</U>&nbsp;&nbsp;&nbsp;&nbsp;Financial
Statements and Exhibits.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibits</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="text-align: left; vertical-align: bottom">
    <TD STYLE="text-autospace: none"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Exhibit</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Number</U></P>
</TD>
    <TD><U>Description
of Exhibits</U></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 96px; text-autospace: none">99.1</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Press Release dated March 27, 2012, titled Sunrise Real
Estate Group, Inc. Announces Resignation and appointment of CFO.</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dated: March 27, 2012</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="width: 50%; text-autospace: none; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 3%; text-autospace: none; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 47%; text-autospace: none; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="text-autospace: none; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-autospace: none; padding: 0; text-indent: 0">SUNRISE REAL ESTATE GROUP, INC.</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding: 0; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P></TD>
    <TD STYLE="padding: 0; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P></TD>
    <TD STYLE="padding: 0; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="text-autospace: none; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-autospace: none; padding: 0; text-indent: 0">By:</TD>
    <TD STYLE="text-autospace: none; padding: 0; text-indent: 0; border-bottom: Black 1pt solid">/s/ Lin Chi Jung &nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD COLSPAN="2" STYLE="text-autospace: none; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>


        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Name<I>: </I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-style: normal">Lin
        Chi-Jung </FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD COLSPAN="2" STYLE="text-autospace: none; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">
        <P STYLE="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>President and Chief Executive Officer </I></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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{"company-data": {"conformed-name": "SUNRISE REAL ESTATE GROUP INC", "cik": "0001083490", "assigned-sic": "6513", "irs-number": "752713701", "state-of-incorporation": "TX", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-32585", "film-number": "12716217"}, "business-address": {"street1": "SUITE 1502", "street2": "NO. 333 ZHAOJIABANG ROAD", "city": "SHANGHAI", "state": "F4", "zip": "-", "phone": "8621-64220505"}, "mail-address": {"street1": "SUITE 1502", "street2": "NO. 333 ZHAOJIABANG ROAD", "city": "SHANGHAI", "state": "F4", "zip": "-"}, "former-company": [{"former-conformed-name": "SUNRISE REAL ESTATE DEVELOPMENT GROUP INC", "date-changed": "20040330"}, {"former-conformed-name": "PARALLAX ENTERTAINMENT INC", "date-changed": "20010410"}]}
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
March 27, 2012 (
March 23, 2012)
SUNRISE REAL ESTATE GROUP, INC.
(Exact name of registrant as specified in
its charter)
Texas
000-32585
75-2713701
(State of Incorporation)
(Commission File Number)
(IRS Employer Identification)
(Address of principal executive offices)
No. 638, Hengfeng Road 25th Fl, Building
A
Shanghai, PRC 200070
Registrant's telephone number, including
area code + 86-21-6167-2800
(Former Name or Former Address if Changed
Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Principal Officers;
Election of Directors; Appointment of Principal Officers
(1
) Effective March 23, 2012,
Mr. Liu Zhen Yu resigned as the Chief Financial Officer ("CFO") of Sunrise Real Estate Group, Inc. (the "Company").
His resignation was not due to any disagreement with the Company or its management regarding any matter relating to the Company's
operations, policies or practices.
(2) On
March 23, 2012
,
the Company appointed Mrs. Wang Wen Hua as the interim CFO, who will hold the office from March 23 to April 15, 2012.
Mrs. Wang, 46 years old, has been with the Company, specifically
the Company's subsidiary, Shanghai Xi Ji Yang, since its inception more than 10 years ago. She started with the Company as
a financial manager and later as a senior comptroller since 2011.
Family Relationships
No family relationships exist between any of the directors or
executive officers of the Company with Mrs. Wang.
Certain Related Transactions and Relationships
Mrs. Wang
's
salary for 2011 was $30,194 and will remain so for 2012. The Company has not been party to any transaction or any currently
proposed transaction with Mrs. Wang in which the Company was or will be a participant and where the amount involved exceeds
$120,000, and in which Ms. Wang had or will have a direct or indirect material interest. Mrs. Wang has no other reportable
relationships with the Company or its affiliates.
(3) On
March 23, 2012, t
he
Company also appointed Mr. Wang Wen Yan as the CFO, effective on April 15, 2012. During the interim, Mr. Wang will be preparing
the first quarter financial report of the Company as well participating in the day to day operation.
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.
Family Relationships
No family relationships exist between any of the directors or
executive officers of the Company with Mr. Wang.
Certain Related Transactions and Relationships
Mr. Wang's salary as CFO after April 15 will be approximately $42,851 for the year. The Company
has not been party to any transaction with Mr. Wang any currently proposed transaction with Mr. Wang in which the Company was or
will be a participant and where the amount involved exceeds $120,000, and in which Mr. Wang had or will have a direct or indirect
material interest. Mr. Wang has no other reportable relationships with the Company or its affiliates.
Item 8.01 Other Events.
On March 27 , 2012, the Company issued a press release (the
"Press Release") announcing Mr. Liu's resignation and appointment of Ms. Wang and Mr. Wang, a copy of which
is attached hereto as Exhibit 99.1.
Item 9.01
Financial
Statements and Exhibits.
(d)     Exhibits
Exhibit
Number
Description
of Exhibits
99.1
Press Release dated March 27, 2012, titled Sunrise Real
Estate Group, Inc. Announces Resignation and appointment of CFO.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: March 27, 2012
SUNRISE REAL ESTATE GROUP, INC.
By:
/s/ Lin Chi Jung
Name
:
Lin
        Chi-Jung
President and Chief Executive Officer