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sunrise china technology gro (8226) Details

Sunrise (China) Technology Group Limited, an investment holding company, is engaged in environment related business. It is also involved in the rental of properties. The company has operations in Mainland China, the United States, Germany, Thailand, and internationally. It was formerly known as Sonavox International Holdings Limited and changed its name to Sunrise (China) Technology Group Limited in January 2011. The company is headquartered in Wanchai, Hong Kong. Sunrise (China) Technology Group Limited is a subsidiary of Zhongyu Group Holdings Limited.

27 Employees
Last Reported Date: 03/29/15

sunrise china technology gro (8226) Top Compensated Officers

Compliance Officer and Executive Director
Total Annual Compensation: $520.0K
Compensation as of Fiscal Year 2013.

sunrise china technology gro (8226) Key Developments

Sunrise (China) Technology Group Limited Announces Executive Changes

The board of directors of Sunrise (China) Technology Group Limited announced that Mr. Ng Chi Ho Dennis has tendered his resignation as an independent non-executive Director, the member of audit committee, the member of nomination committee and the member of remuneration committee with effect from 15 May 2015 due to his own career development. Mr. Ng has confirmed he has no disagreement with the Board and there is no matter in relation to his resignation that needs to be brought to the attention of the shareholders of the company. The Board also announced that Mr. Hung Cho Sing has been appointed as an independent non-executive Director, the member of audit committee, the member of nomination committee and the member of remuneration committee with effect from 15 May 2015. Mr. Hung, aged 75, has over 30 years of experience in the film distribution industry and founded Delon International Film Corporation in 1970. Mr. Hung has been the chairman of Hong Kong, Kowloon and New Territories Motion Picture Industry Association Limited since 1991 and was the chairman of Hong Kong Film Awards Association Limited from 1993 to 1995. Mr. Hung was appointed by the Hong Kong Special Administrative Region ("HKSAR") Government as a member of the Hong Kong Film Development Council from 2007 to 31 March 2013. Mr. Hung was also appointed as a consultant of the China Film Association since 2013. Mr. Hung is also a member of HKSAR Election Committee and a vice chairman of the Cultural Profession Committee of the Guangdong, Hong Kong and Macau Cooperation Promotion Council.

Sunrise (China) Technology Group Limited Reports Unaudited Consolidated Earnings Results for the Quarter Ended March 31, 2015

Sunrise (China) Technology Group Limited reported unaudited consolidated earnings results for the quarter ended March 31, 2015. For the quarter, revenue was HKD 28.788 million against HKD 2.868 million a year ago. Loss before tax was HKD 10.854 million against profit before tax of HKD 47.089 million a year ago. Loss was HKD 10.854 million or 1.96 cents per basic share against profit of HKD 47.089 million or 10.95 cents per basic share a year ago. The growth was driven by the group's engagement in the (i) trading of natural resources and commodities business and the (ii) trading of garment accessories business, which contributed to HKD 25.3 million and HKD 3.5 million of revenue in this quarter whereas none of such revenue was recorded in the same period of last year. Loss was mainly attributable to the legal and professional fees of HKD 2.8 million and the finance costs of HKD 2.4 million paid to the note holder.

Sunrise (China) Technology Group Limited Provides Earnings Guidance for the First Quarter Ended March 31, 2015

Sunrise (China) Technology Group Limited provided earnings guidance for the first quarter ended March 31, 2015. For the quarter, the company the Group is expected to record a loss attributable to the owners of the company for the three months ended March 31, 2015 as compared to the profit attributable to the owners of the company in the same period of last year. The substantial difference was primarily attributable to the gain of HKD 50.9 million from the disposal of Shengyi business recorded during the three months ended March 31, 2014.

 

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