Imagi International Reports 2007 Interim Results

Turnover reaches HKD12,502,000 an increase of 47 times compared to last year

December 14, 2007, Hong Kong --- Imagi International Holdings Limited (HKSE: 585,
“Imagi”), the only listed independent computer graphic (CG) animation company in
Hong Kong, today reported its interim results ended 30th September 2007.

Financial Highlights

Six months ended 30th September

HKD '000 2006 HKD '000
Total turnover 12,502 259
Gross loss 5,795 282
Loss after Taxation 27,065 11,487
Loss per share (HK cents) 1.86 0.92

• Business review

- Increase in turnover reflected the continuous contribution of revenue by
Teenage Mutant Ninja Turtles (“TMNT”) and Highlander: The Search for
Vengeance (“Highlander”).
- Worldwide box office for TMNT was over US$92 million.
- The increase in loss was mainly attributable to the share option expenses of
HK$8.7million recognised in the current period and combined loss of HK$5.8
million in current period including TMNT and Highlander.
- Sound capital structure with a gearing ratio of 4.9% (31st March 2007: 15.4%)
as of the period end date.

• Upcoming CG Animation Pictures

- Astro Boy and Gatchaman both scheduled for release in 2009.
- Imagi has entered into a preliminary distribution agreement with Warner Bros.
Pictures, Inc., and The Weinstein Company LLC. in relation to the above two
- Certain distribution agreements were signed in relation to Astro Boy and
Gatchaman's toys.

• Future developments

- Imagi has acquired all rights to Fluorescent Black.
- Imagi is in advanced stages of negotiation to obtain rights to several new
feature films which the Group believes have significant potential.

• Zero coupon convertible bond placement

- On 4th December 2007, Imagi announced a HK$406 million zero coupon
convertible notes issue at a conversion price of HK$1.768.
- The net proceeds of approximately HK$395 million will be used for the
development of four full length feature CG movies.

Imagi International Holdings Limited (“Imagi”) is a listed company (Stock Code 585)
on the main board of the Hong Kong Stock Exchange. Imagi's principal business is
the development and production of computer graphics (“CG”) animated theatrical
feature films. Imagi's first theatrical movie TMNT was released in March 2007, opening
#1 in U.S. box office revenue, only the third time in history that an Asian-made film
has achieved that honour. Imagi has development operations in Los Angeles,
California, and CG production studios at its Chai Wan (Hong Kong) headquarters.

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