<html><head><META http-equiv="Content-Type" content="text/html; charset=utf-16"><TITLE>Man Sang Jewellery Co. Ltd.</TITLE><meta http-equiv="Pragma" content="no-cache"><link rel="stylesheet" href="tdc1.css" type="text/css"><script language="JavaScript1.2" src="tdc.js" type="text/javascript"></script></head><BODY topmargin="0" leftmargin="5" class="B2BBodyBg" background="../gallery/797e8ab3-ff9d-43c6-ac9c-2e92ee8fd465.gif"><table id="contentBody" width="100%" border="0" cellpadding="0" cellspacing="0" style=""><tbody><tr valign="top"><td width="100%"><table width="100%" border="0" cellpadding="0" cellspacing="0"><tbody><tr valign="top"><td><table width="100%" border="0" cellpadding="0" cellspacing="0"><tbody><tr valign="top"><td><div align="justify"><table cellspacing="0" cellpadding="4" width="100%" align="center" border="0"><tbody><tr><td valign="top" width="33%"><p align="justify"><img alt="" hspace="0" src="../gallery/93b7f545-f6fd-4b60-be56-38dc55713892.jpg" align="baseline" border="0"></p></td><td width="67%"><p align="justify"><font face="Times" size="2">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.</font></p><p align="justify"><font face="Times" size="2">The foundation of the Company was laid in early 1980's by Mr. Ricky Cheng, the Chairman, and Mr. Cheng Tai Po, the Vice Chairman, of the Company. Over the years, it has developed into a vertically integrated and leading player in the pearl and pearl jewellery industry.</font></p><p align="justify"><font face="Times" size="2">The Company sources pearls from Worldwide Suppliers including China, French Polynesia and Australia and countries on the Equator. It sells its products to wholesale distributors, mass jewelers and merchandisers worldwide. Most of its customers have been with the Company for a number of years.</font></p> <p align="justify"><font face="Times" size="2">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 facility 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 total area, in Bao An, Shenzhen,</font></p></td></tr><tr><td valign="top" colspan="2"><p align="justify"><font face="Times" size="2"> the PRC.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 Greater China. Man Sang also has several commercial and residential properties in Hong Kong. <br></font><br><font face="Times" size="2">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".</font></p><p align="justify"><font face="Times" size="2">In September 1997, the Company 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".</font></p><p align="justify"><font face="Times" size="2">In 1999, the Company, through its subsidiary, Arcadia started to market jewellery items of pearls, diamond, precious stones, gold, platinum and silver to customers worldwide.</font></p><p align="justify"><font face="Times" size="2">8th August 2005, Man Sang Holdings, Inc., has officially commenced trading on the American Stock Exchange under the new symbol "AMEX: MHJ".</font></p><p align="justify"><font face="Times" size="2">China Pearl &amp; Jewellery City (CP &amp; J City), a pearl and jewellery trading center for more than 2,000 jewelers, and pearl processors and a "one-stop solution" for both domestic and foreign jewellery companies in China, has the ground breaking ceremony was taking place in 18th April 2006.</font><a class="link" href="http://www.cpjcity.com/"><font face="Times" color="#B2721B" size="2">( <em><u>www. cpjcity.com</u></em>)</font></a></p><p align="justify"><font face="Times" size="2">The acquisition on 8th March 2007, Man Sang International acquires 6 % of China Pearls and Jewellery City (CP&amp;J City) from independent third party, upon the acquisition CP&amp;J City becomes the subsidiary of Man Sang International Limited.</font></p></td></tr></tbody></table></div></td></tr><tr><td></td></tr></tbody></table></td></tr></tbody></table></td><td height="100%"><table border="0" cellpadding="5" cellspacing="5" width="100%"></table></td></tr></tbody></table></BODY></html>