Man Sang International Limited (Stock Code: 938.HK; OTC: MSGNF), an investment holding company incorporated in Bermuda in 1997 and headquartered at 14/F, Teda Building, 87 Wing Lok Street, Sheung Wan, Hong Kong, engages principally in property-related services through its subsidiaries, including provision of property management services and leasing of properties in the People's Republic of China (PRC); provision of renovation and decoration services in the PRC; and operation of a hotel, restaurant and golf club in Hokkaido, Japan. The Group, a subsidiary of China DaDi Group Limited with ultimate control by Mr. Hu Xingrong, serves residential communities, retail premises, office buildings, sales offices and scenic areas primarily in regions such as Zhejiang, Sichuan, Fujian, Yunnan, Guizhou and Chongqing in the PRC, as well as leisure and hospitality customers in Japan; its property management arm, Zhejiang Huiyong Property Management Service Co., Ltd., manages diverse property types and has been recognized among China's top property management firms. Recent major developments include the completion on 11 April 2025 of the disposal of subsidiary Gloryear Investments Limited and its Chongqing property operations (encompassing residential sales, serviced apartments and shopping mall leasing), generating a gain of HK$469.7 million and discharging associated secured bank borrowings of approximately HK$1.49 billion and director loans; extension of promissory notes maturing 31 December 2025 to 31 December 2027 with HK$421.5 million interest waived by a shareholder-linked entity in April 2025; extension of various unsecured related-party borrowings to 31 December 2027 or 14 May 2027; and an announcement on 13 November 2024 of the acquisition by subsidiary Sichuan Huihong of Chengdu Doof Commercial Management Co., Ltd. (engaged in commercial property management and AI software) for RMB5 million, classified as a discloseable and connected transaction.