Consolidation Entities Nature Of Business [Table Text Block] |
As of December 31, 2016, the Company has the following major subsidiaries and equity investments. Company Name | | Date of Incorporation | | Place of Incorporation | | % of Ownership held by the Company | | Relationship with the Company | | Principal activity | | Sunrise Real Estate Development Group, Inc. (“CY-SRRE”) | | April 30, 2004 | | Cayman Islands | | | 100 | % | Subsidiary | | Investment holding | | Lin Ray Yang Enterprise Limited (“LRY”) | | November 13, 2003 | | British Virgin Islands | | | 100 | % | Subsidiary | | Investment holding | | Shanghai XinJi Yang Real Estate Consultation Company Limited (“SHXJY”) | | August 20, 2001 | | PRC | | | 100 | % | Subsidiary | | Property brokerage services | | Shanghai Shang Yang Real Estate consultation Company Limited (“SHSY”) | | February 5, 2004 | | PRC | | | 100 | % | Subsidiary | | Property brokerage services | | Suzhou GaoFengHui Property Management Company Limited (“SZGFH”) | | January 10, 2005 | | PRC | | | 100 | % | Subsidiary | | Property management and leasing services | | Suzhou Shang Yang Real Estate Consultation Company Limited (“SZSY”) | | November 24, 2006 | | PRC | | | 75.25 | % 1 | Subsidiary | | Property brokerage and management services | | Suzhou Xi Ji Yang Real Estate Consultation Company Limited (“SZXJY”) | | June 25, 2004 | | PRC | | | 75 | % | Subsidiary | | Property brokerage services | | LinyiShangyang Real Estate Development Company Limited (“LYSY”) | | October 13, 2011 | | PRC | | | 24 | % 2 | Subsidiary | | Real estate development | | Shangqiu Shang Yang Real Estate Consultation Company Limited (“SQSY”) | | October 20, 2010 | | PRC | | | 100 | % | Subsidiary | | Property brokerage services | | Wuhan GaoFengHui Consultation Company Limited (“WHGFH”) | | November 10, 2010 | | PRC | | | 60 | % | Subsidiary | | Property brokerage services | | Sanya Shang Yang Real Estate Consultation Company Limited (“SYSY”) | | September 18, 2008 | | PRC | | | 100 | % | Subsidiary | | Property brokerage services | | Shanghai RuiJian Design Company Limited (“SHRJ”) | | August 15, 2011 | | PRC | | | 100 | % | Subsidiary | | Property brokerage services | | LinyiRui Lin Construction and Design Company Limited (“LYRL”) | | March 6, 2012 | | PRC | | | 100 | % | Subsidiary | | Investment holding | | Company Name | | Date of Incorporation | | Place of Incorporation | | % of Ownership held by the Company | | Relationship with the Company | | Principal activity | | Shanghai XinJi Yang Real Estate Brokerage Company Limited (“SHXJYB”) | | January 28, 2013 | | PRC | | | 75 | % 3 | Subsidiary | | Property brokerage services | | Wuhan Yuan Yu Long Real Estate Development Company Limited (“WHYYL”) | | December 28, 2009 | | PRC | | | 49 | % | Equity investment | | Real estate development | | Shanghai Xin Xing Yang Real Estate Brokerage Company Limited (“SHXXY”) | | September 28, 2011 | | PRC | | | 40 | % | Equity investment | | Property brokerage services | | XinGuang Equity Investment Management (Shanghai) Company Limited (“SHXG”) | | December 17, 2012 | | PRC | | | 49 | % | Equity investment | | Equity investment and consultancy | | Shanghai Da Er Wei Trading Company Limited (“SHDEW”) | | June 6, 2013 | | PRC | | | 23 | % | Equity investment | | Import and export trading | | Shanghai HuiTian (“SHHT”) | | July 25, 2014 | | PRC | | | 100 | % | Subsidiary | | Investment holding | | Shanghai Tian Xi (“SHSYTX”) | | August 19, 2014 | | PRC | | | 100 | % | Subsidiary | | Investment holding | | Shenzhen HuiTian (“SZHT”) | | October 15, 2014 | | PRC | | | 100 | % | Subsidiary | | Investment holding | | Chongqing Nongxin Shangyang Equity Investment Fund Management Co., Ltd(“CQNXSY”) | | January 14, 2015 | | PRC | | | 65 | % | Subsidiary | | Investment holding | | Suzhou Shangyang Huitian Wealth Investment Management Co., Ltd(SZSYHT) | | January 14, 2015 | | PRC | | | 75 | % | Subsidiary | | Investment holding | | 1. | After equity transaction in February 2015, The Company holed the equity of SZSY as blow: SZXJY 49%, SHXJY 26% and Sunrise Real Estate Development Group, Inc. (CY-SRRE) 12.5%, totally hold 75.25% equity of SZSY. |
2. | The Company and a shareholder of LYSY, which holds 51% equity interest in LYSY, entered into a voting agreement that the Company is entitled to exercise the voting rights in respect of her 51% equity interest in LYSY. The Company effectively holds 75% voting rights in LYSY and therefore considers LYSY as a subsidiary of the Company. |
3. | On January 28, 2013, CY-SRRE, SZXJY and an unrelated party established a subsidiary in the PRC, SHXJYB, with CY-SRRE holding a 15% equity interest and SZXJY holding a 60% equity interest in SHXYJB. |
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