Effective as of January 30, 2018, Mr. Lin Chi-Jung notified Sunrise Real Estate Group, Inc.'s Board of Directors that he would resign as the company's Chief Executive Officer and President. The Board of Directors accepted his resignation. Mr. Lin will still serve as the Chairman of the company's Board of Directors.

Effective as of January 30, 2018, the company's Board of Directors elected Mr. Pan Yujen as a new member of the company's Board of Directors, with a term of office expiring at the company's next annual meeting of stockholders and the election of a successor. The company's Board of Directors also approved the appointment of Mr. Pan Yujen as the Chief Executive Officer. Mr. Pan joined the company's subsidiary, Shanghai Xin Ji Yang Real Estate Consultation Company in 2002.

He subsequently became the Chairman of the Board for two of the company's subsidiaries, Shanghai Xin Ji Yang Real Estate Consultation Company Limited and Suzhou Xi Ji Yang Real Estate Consultation Company Limited in 2017, where he was also responsible for the operations of both subsidiaries. Effective as of January 30, 2018, the company's Board of Directors approved the appointment of Mr. Bryan Lin as the Chief Operating Officer. Mr. Lin has more than 15 years of experiences in the capital markets.

From 2008 to 2014, he served as the company's Investor Relations Director, and subsequently became the Vice President of Operations in 2011. Prior to his return to the company in 2017, Mr. Lin worked in the retail sector at Cushman & Wakefield, from 2014 to 2016.