Man Shing Agricultural Holdings Inc. (Man Shing) through its operating subsidiary, Weifang Xinsheng Food Co., Ltd. (Xinsheng) is engaged in the production and processing of fresh vegetables, including ginger, and others, such as onion and, garlic. Xinsheng leases 5.3 million square meters of farm land for the planting and growing of ginger in Anqiu of Shandong Province in China. It produces ginger with a focus on customers located in countries, such as Japan and European Union. As of August 20, 2009, the Company entered into a Plan of Exchange (the Agreement) between and among the Company, Hero Capital Profits Limited (Hero), Weifang Xinsheng Food Co., Ltd. (Xinsheng), and the Company’s majority shareholder. Pursuant to the terms of the Agreement, the Company acquired 100% of Hero. Upon completion of the exchange, Hero and Xinsheng became the Company’s wholly owned subsidiaries. As of June 30, 2010, the Company’s product portfolio comprised: fresh vegetables and frozen vegetables.