IMAX Crosses 500th Theatre Signing Milestone In Greater China With CJ CGV 25-Theatre Agreement

IMAX Corporation IMAX, IMAX China Holding Inc. (HKSE: 1970) and CJ CGV today announced an expansion of the companies' partnership with the addition of 25 new IMAX® theatres across China. The theatres will be installed in new construction projects, most of which are located in first- or second-tier cities in China. With this deal IMAX has surpassed 500 theatre signings in Greater China, which will bring its network total in the region to 520 theatres, with 275 open and 245 contracted to open. "Our 500th theatre signing in China represents another milestone in what has been a watershed year for IMAX in the country, and follows our IPO - which demonstrates our commitment to the region and our continued efforts to grow alongside our theatre partners," said IMAX Corp. CEO and IMAX China Chairman Richard L. Gelfond. "We are truly honored to reach this milestone with CJ CGV, our valued partner and one of Asia's leading exhibitors, and to continue to solidify our position at the epicenter of China's burgeoning entertainment ecosystem." The deal brings CJ CGV's IMAX commitment to 122 theatres, with two in Vietnam, 20 in South Korea and 100 in China, further strengthening its position as IMAX's second-largest exhibitor partner in Asia and third-largest globally. "China's exhibition industry is very competitive, and delivering the best entertainment experience possible is critical to our ongoing success. As we aggressively expand our circuit across China, IMAX will continue to serve as an anchor attraction in our new locations – providing the differentiated and immersive experience that Chinese moviegoers have come to embrace," said Mr. Seo Jung, CEO of CJ CGV. "IMAX is an important part of the local exhibition and film industry and we are proud to be a part of its landmark 500th theatre signing and offer them our best wishes for continued success."