Man Sang International Limited (the "Company") together with its subsidiaries (the "Group"), is one of the leading pearl merchants in Greater China engaged in the purchasing, processing, assembling, merchandising and wholesale distribution of pearls and jewellery products.

The foundation of the Group was laid in early 1980's by Mr. Ricky Cheng, the Chairman, and Mr. Cheng Tai Po, the Vice Chairman. Over the years, it has developed into a vertically integrated and one of the leading players in the pearl and pearl jewellery industry.

The Group sources pearls from worldwide suppliers including China, French Polynesia and Australia and Southeast Asia. It sells its products to wholesale distributors, mass jewellery merchandisers worldwide. Most of its customers have been with the Group for years.

In order to cope with the Group's business expansion and to take advantage of the proximity to the sources of supply of Chinese freshwater pearls and the abundant low cost labor supply in China, the Group decided to set up its own pearl processing facilities in China. In 1991, it commenced the construction of Man Sang Industrial City, nowadays a 27-block industrial facility around 80,000 sq.m. in gross floor area, in Bao An, Shenzhen, China. The Group now occupies 9 buildings for pearl processing, jewellery manufacturing and corporate administration while leasing the rest to third party industrial users. It also manages, invests and leases properties in other parts of Greater China and  has several commercial and residential properties in Hong Kong.

In February 1996, the stock of the Man Sang Holdings Inc. was quoted on the Electronic Bulletin Board operated by the National Association of the Securities Dealers Inc. under the ticker "MSHI.OB".

In September 1997, the Group effected a corporate reorganization and had its subsidiary, Man Sang International Ltd. listed on the main board of the Stock Exchange of Hong Kong "HKEX: 938".

In 1999, the Company, through its subsidiary, Arcadia Jewellery Limited, started to market jewellery items of pearls, diamond, precious stones, gold, platinum and silver to customers worldwide.

On 8th August 2005, Man Sang Holdings, Inc., has officially commenced trading on the American Stock Exchange under the new symbol "AMEX: MHJ".

With its experienced in pearl business accumulated over the years, in 2006 the Group joined efforts with six other major pearl players in China to invest in, develop and manage a large-scale, multi-purpose and modern international pearl and jewellery centre known as China Pearls and Jewellery City (CP&J City) in Zhuji of Zhejiang Province, China. CP&J City held the ground breaking ceremony on 18th April 2006. The project will occupy a total site area of 1.2 square kilometers. Upon completion of all phases of construction, it is going to be a pearl and jewellery trading centre accommodating no less than 5,000 shops and booths and provide jewelers and pearl processors home and abroad a "one-stop solution" in sourcing, processing, manufacturing, trading and exhibiting of all kinds of pearls, jewellery materials, products, spare parts, accessories and equipment. CP&J City is not only for trading of pearls and jewellery, the processing, manufacturing, research and development of jewellery products while at the same time providin g related services including logistics, electronic, commerce, exhibition and convention, accommodation, catering and entertainment. ( www.cpjcity.com)

The total investment of CP&J City is planned to be about US$400 million and the Group currently owns 55% interest in the project.