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In a small bowl, combine the cream cheese and sugar. Place a wonton wrapper onto a clean surface. Spoon about 1 tsp. of the cream cheese mixture onto the center of the wrapper.
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Use a pastry brush to brush the edges of the wrapper with the beaten egg.
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Bring two opposite corners of the wrapper up to the top and pinch them together. Repeat with the two remaining corners so that you form a small pouch. Repeat steps 2-4 to make the remaining wontons.
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Bring a pot filled with about 4 inches of oil to 350˚F.
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Working in batches, add some of the wontons to the oil and fry until they turn golden brown. This should take about 3-5 minutes.
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Remove the wontons from the oil with a slotted spoon and allow them to drain on a sheet tray lined with paper towels. Serve the wontons with the Lee Kum Kee Panda Brand Sweet and Spicy Grilling & Dipping Sauce. Enjoy!