Man Shing Agricultural Holdings Reports Strong Quarterly Results

HONG KONG, Nov. 13 /PRNewswire-Asia/ -- Man Shing Agricultural Holdings Inc. (OTC Bulletin Board: MSAH), a leading ginger producer in China, has reported strong quarterly results in their 10-Q filing on Tuesday. The company, with operations based in Shandong province, exports high-quality ginger to high-margin markets in Europe, Japan and North America.

"We are very pleased with our financial performance this quarter," commented Eddie Cheung, CEO of Man Shing. "Our positioning for the upswing in ginger prices is excellent, producing a very positive impact on the bottom line and strong advancement of our larger strategy to win domestic and international market share."

Man Shing expects to sustain gross profit margins of over 25% and net profit margins of around 20% on low production costs, efficient land management and a high-quality, high-margin strategy. Man Shing is well on track to achieve the targeted 50% year on year net profit growth projected for the next 3 years.

Limited Supply

Global supplies for ginger are limited this year due to reduced planting and low yields in main production regions outside of Shandong. Man Shing, the largest leaseholder of ginger production land in Shandong, is well-positioned for significant market share and margin gains in this period of historically low supplies and rising ginger prices.

From 1997 to early 2009, the price of ginger dropped 80%, prompting many farmers to switch to more profitable crops. On significantly reduced supplies, the price of ginger is expected to climb to between 6 Rmb and 8 Rmb per kg (0.87 - 1.17 USD). With stable production costs of around 1.6 Rmb (0.23 USD) per kg, well-supplied ginger producers stand to profit considerably over the next 18-24 months.

About Man Shing

Man Shing Agricultural Holdings, Inc. (OTCBB: MSAH) is headquartered in Hong Kong. Man Shing Inc is a high growth agricultural products company based in Shandong Province, China. The main product is ginger. Man Shing exports to high margin, high-quality markets where its products are sold in leading supermarkets and restaurants in Europe, Japan and North America. Man Shing expects to sustain gross profit margins of over 25% and net profit margins of around 20% on low production costs, efficient land management and a high-quality, high-margin strategy. Having acquired long-term rights to extensive tracts of farmland in Shandong, the Company is positioned to become the largest ginger producer in the country by the end of 2010.

For more information visit the Man Shing website at http://www.msaginger.com .

Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 27(a) of the Securities Act of 1933 and Section 21(e) of the Securities Exchange Act of 1934, as amended. Any words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "if", "should" and "will" and similar expressions as they relate to Man Shing Agricultural Holdings, Inc. ("Man Shing") are intended to identify such forward-looking statements. Man Shing may from time to time update these publicly announced projections, but it is not obligated to do so. Any projections of future results of operations should not be construed in any manner as a guarantee that such results will in fact occur. These projections are subject to change and could differ materially from final reported results.

For more information, please contact:

Investor Relations

Josh Phillips

Email: IR@msaginger.com

Phone: +852-8100-2859 (HK)

Media

David Harris

Email: media@msaginger.com