IMAX China Prices 62M Share Offering @ HK$31.0 (US$4.0)/Share

IMAX Corporation

today announced that IMAX China Holding, Inc. ("IMAX China", stock code: 1970), a Cayman Islands company, has determined the offer price for the offering (the "Offering") of its shares to be listed on the Hong Kong Stock Exchange Limited ("Hong Kong Stock Exchange"). IMAX China today determined the offer price of HK$31.0 (US$4.0) per share for the Offering of 62,000,000 shares (before the over-allotment option) that was announced on September 22, 2015. IMAX China is expected to issue 17,825,000 new shares and a number of selling shareholders, including a wholly owned subsidiary of IMAX Corporation, are expected to sell a total of 44,175,000 sale shares. The 62,000,000 shares represent approximately 17.4% of the enlarged issued share capital of IMAX China. IMAX China is expected to receive net proceeds of approximately HK$450.8 million (US$58.2 million), after deducting commissions in connection with the Offering. IMAX Corporation, through a wholly owned subsidiary, is expected to receive HK$664.2 million (US$85.7 million) from the sale of 22,087,400 sale shares and up to HK$804.0 million (US$103.7 million) if the over-allotment option is exercised in full, after deducting commissions in connection with the Offering. IMAX China plans to