“Having worked closely with Imagi for over one year as its independent financial adviser (IFA), we were familiar with the group’s business and operations up to the global release of Astro Boy in October 2009. We are proud to have been able to advise the company as the IFA during the production phase and as its financial adviser after its release and provide the company with urgent rescue and restructuring options during its period of financial difficulties.”

-- Ambrose Lam
Principal Director
Access Capital Limited

GMAAG Firm Member, Access Capital Limited, Advises Leading Hong Kong Film Production Company On US$66 Million Debt RestructuringDate: 02-17-2010

Access Capital Limited is pleased to announce that it acted as the exclusive financial adviser to Imagi International Holdings Limited ("Imagi"), a company listed on the Main Board of The Hong Kong Stock Exchange (Stock code: 585) in a series of transactions involving a share capital reorganization, debt restructuring, provision of bridge financing, an underwritten rights issue, subscription of new shares and on completion of these transactions, the introduction of Idea Talent Limited (the “Investor”) as the new controlling shareholder of Imagi.

Imagi is the only Hong Kong-based listed company which specializes in the production of computer graphic animated movies. In 2007, the company released Teenage Mutant Ninja Turtles which was distributed by The Weinstein Company and Warner Brothers. Its latest film, Astro Boy (http://www.apple.com/trailers/summit/astroboy/) was released worldwide in October 2009 but disappointed at the box office. As a result, Imagi faced liquidity problems and had been in search of a white knight.

In January 2010, Access Capital introduced Imagi to the Investor and worked intensively in the following weeks to put in place a debt restructuring and refinancing package which involves a rights issue and Imagi issuing new shares to generate gross proceeds of HK$508.9 million (approximately US$66 million). Details of this package are set out in following announcement:

http://www.hkexnews.hk/listedco/listconews/sehk/20100218/LTN20100218007.pdf

Contact details:

Please contact the following GMAAG member if you are interested receiving further information on this transaction:

Ambrose Lam
Principal Director
Access Capital Limited
Email Ambrose Lam