Man Sang International Limited (the “Company”) and its subsidiaries (the “Group”) have two main business streams.

One of the business streams is engaging in the purchasing, assembling, merchandising and wholesale distribution of pearls and jewelry products (the “Pearl business”). The other is engaging in property development and investment (the “Property business”).

The shares of the Company have been listed on the main board of Stock Exchange of Hong Kong Limited since1997 under the stock code of 0938. The holding company of the Company, Man Sang Holdings, Inc., is a company incorporated in Nevada State of the United States of America with its shares listed on the American Stock Exchange under the ticker symbol of “MHJ”.

The Group is one of the world’s largest pearl merchants, purchasers and processors of saltwater pearls. Pearls and jewelry products processing, manufacturing and assembling are conducted at the Group’s self-own facilities in the Man Sang Industrial City in Shenzhen, the People Republic of China (the “PRC”). There are 27 blocks of buildings in total encompassing a total gross floor area of approximately 813,000 square feet.

With its rich experience in pearl business over the years, the Group in 2006 joined with six major pearls and jewelry players in the PRC to develop a large-scale international jewelry trading platform, the China Pearls and Jewelry project (the “CP&J project”) in Zhuji of Zhejiang Province, the PRC. On April 12, 2007, the Group held 55% equity interests and became the controlling shareholder of the China Pearls and Jewellery City Holdings Limited (the “CP&J City”) which in turn develops and manages the CP&J project. Upon completion of the CP&J project, it will become an integrated trading platform tailored for multiple business sectors, encompassing trade, exhibition, manufacturing and processing operations, as well as supporting business services and facilities. CP&J project will become a prominent centre of travelling and shopping of pearl and jewelry as well.