Company Profile 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 since 1997 under the stock code of 0938. The holding company of the Company, Man Sang International (B.V.I.) Limited is a company incorporated in British Virgin Islands with its shares listed on the NYSE Amex (formally know as “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 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 (“CP&J Project”) in Zhuji of Zhejiang, the PRC. As of March 31, 2009, the Group had completed construction of phase one market centre of CP&J Project, which includes a total of 2,380 units (including 1,252 shop units and 1,128 booths), covering a total gross floor area of approximately 130,000 square metres. Upon its completion, we expect phase one of CP&J Project will comprise a market centre, manufacturing and processing areas, residential areas and multi-function buildings.
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