Qian Tang Holdings Limited (the “Company”) and its subsidiaries (collectively, the “Group”) are mainly engaged in the procurement, processing, design, production and wholesale distribution of pearls and jewelry products, and the operation of strategic investment and financial services. Its goals include investing in real estate agency business and real estate investment funds, as well as other potential investment opportunities. The Company was spun off from Minsheng International Limited on October 17, 2014 and listed on the main board of the Stock Exchange of Hong Kong Limited (the “Stock Exchange”) in the form of introduction. The stock code is 1466. In March 2017, the name of the company was changed from Minsheng Jewelry Holdings Co., Ltd. to Qiantang Holdings Co., Ltd. The Group is one of the world's largest pearl traders, pearl buyers and processors. The processing and production of pearls and jewellery is carried out at the Group's production facilities in Shenzhen, People's Republic of China (“China”). In the current financial year, the Group maintained its investments in the shared workspace industry, which included the Strategic Investments and Financial Services Operations segment. The Group will continue to explore new business opportunities with a view to maximizing shareholder value in the future.