Man Sang International Limited (the "Company") together with its subsidiaries (the "Group"), is the first company engaged in the pearl business that is listed in Hong Kong. As one of the leading pearl merchants in Hong Kong, the Group is also one of the largest processors and suppliers of Chinese cultured pearls in the world. The Group was founded in the early 1980's. It is principally engaged in the purchasing, processing, assembling, merchandising and wholesale distribution of pearls and pearl jewelry products, which include Chinese cultured pearls, Chinese freshwater pearls, Japanese cultured pearls, Tahitian pearls and South Sea pearls. The products of the Group are principally sold to jewelry manufacturers, wholesale jewelry distributors and mass jewelry merchandisers throughout the world. The Group operates its own pearl processing facilities in Man Sang Industrial City located in Shenzhen, China. Altogether, there are 24 blocks of buildings in the industrial city with a gross floor area of approximately 550,000 square feet, the Group at present utilizes most of the units in 5 blocks while the rest are leased to third parties. The Group is also engaged in e-commerce, which the Group believes can help it achieve a higher operational efficiency in the long run by optimizing costs and reaching out for unlimited new customers.
It is principally engaged in the purchasing, processing, assembling, merchandising and wholesale distribution of pearls and pearl jewelry products, which include Chinese cultured pearls, Chinese freshwater pearls, Japanese cultured pearls, Tahitian pearls and South Sea pearls.