The present invention discloses oligosaccharide peptides with whitening activity, a manufacturing method thereof and a whitening formulation thereof. The manufacturing method of the oligosaccharide peptides with whitening activity comprises the following steps: extracting andprecipitating mushroom-like plants to obtain polysaccharide peptides and adding hydrolase in the polysaccharide peptides for conducting hydrolysis of the polysaccharide peptides to obtain oligosaccharide peptides. The molecular mass of the oligosaccharide peptides is less than 3000 Dalton.Wherein, the tyrosinase activity inhibition analysis is conducted with the oligosaccharide peptides, and the tyrosinase activity inhibition rate of the oligosaccharide peptides reaches 97% when additions of the oligosaccharide peptides is 0.3mg/mL.本發明係揭露一種具有美白功能之寡醣肽、其製造方法及其美白配方。具有美白功能之寡醣肽之製造方法包含︰將一菇蕈類植物進行萃取及澱析處理以析出一多醣肽,添加一水解酵素於多醣肽中進行水解程序以得到一寡醣肽。寡醣肽之分子質量係小於3000道耳頓(Dalton, Da)。其中,將寡醣肽進行一酪氨酸酶之活性抑制分析試驗,結果顯示當該寡醣肽之添加量為0.3mg/mL時,寡醣肽之酪氨酸酶活性抑制率係達97%。S11~S13...步驟