* 2 0 0 3 / 2 0 0 4 *
2 3 4 6 11 13 16 23 24 25 27 28 29 31 72 01
Rosebank Centre 11 Bermudiana Road Pembroke Bermuda 8 19 1909-12 Butterfield Fund Services (Bermuda) Limited Conyers Dill & Pearman Butterfield Fund Services (Bermuda) Limited Rosebank Centre 11 Bermudiana Road Pembroke Bermuda 56 28 www.imagi.com.hk www.zentrix.tv 02
300 Zentrix TM 03
DreamWorks Television Animation LLCFather of the PrideFOTP NBCFOTP FOTP Jeffrey KatzenbergDavid GeffenFOTP Katzenberg BandaiBandai X 04
Bandai 05
19,200,000 502,900,000 26,600,00027.8% 19,600,000 i) ii) iii) 10,100,000 Bandai XBandai 80.5 2 06
FOTP Shrek 2 FOTP Siegfried & Roy Jeffrey Katzenberg John Goodman Cheryl Hines (Eddie Murphy) Lisa Kudrow NBC Jade Multimedia International B.V. Bandai DVDDVD 07
Bandai 1.08 28.35%74,500,000 Anime Mad HouseKK Mad House 15% KK Mad House KK Mad House XSI XSI Imagi KK Mad House 08
Thomas K. GrayGalen Howard Walker Imagi 58.5%18.2% 100% 57.8% 1% 26.4% 50.2% 33 5% 84,500,0001,200,00065,200,000 39,800,000 4.6 12.9% 09
270 010
59 27 45 Dresdner Kleinwort Wasserstein LLPMerrill Lynch & Co., Inc. Centre for Creative Leadership 11
49 6135 62 58 Becker ParibasBecker Paribas 52 12
50 Thomas K. Gray58 Imagi Services (USA) LimitedGray 30Gray Gray Gray Glendale Thunderbird-American Graduate School of International Management 56Imagi International Japan Company Limited 30 KK Mad House 36 Pomona Galen Howard Walker38Walker Walker20 12Walker Walker 13
33Imagi Production Limited12 34 10 37 31 Ooi Kim Huat26Ooi Ooi4 34 11 29 6 14
33 Australian Graduate School of Management 31(CFA) 10 3610 15
IMI Global Holdings Limited Imagi International Holdings Limited 35 17 24 72 13 21 22 24 16
87 86(2) 17
352 (A) 3,038,000 1,249,736 79,014,199 83,301,935 60.42% (i) (ii) 129,600 820,000 79,014,199 79,963,799 58.00% (iii) (ii) 271,200 271,200 0.20% (i) Kessuda Consultants Limited (ii) 1,626,398Happy Nation LimitedChina Link Holding Limited The Cheerco Trust77,387,801Sunni International Limited 54.67% Happy Nation Limited (iii) Asia Pacific Glory Limited 18
(B) 1 7,705 6.93% Sunni International Limited 1 5,637 54.67% 1 1,053 0.95% Sunni International Limited 1 310 3.00% 355% 26 0.66 1. 44.1% 2. 3. 1.68% 4. 0% 19
: (1) 960 (2) 313 (1) (2) 33 336 20
0.50 93,500,662 67.82% (1) China Link Holding Limited 79,014,199 57.31% (2) Happy Nation Limited 79,014,199 57.31% (2) Sunni International Limited 77,387,801 56.13% (2) 27,751,032 20.13% (3) Golden Gateway Enterprises 27,751,032 20.13% (3) IncGolden Forever Glory Holdings 27,751,032 20.13% (3) LimitedForever 27,751,032 20.13% (3) 27,751,032 20.13% (3) : (1) China Link Holding Limited14,486,463 (2) 18 (A)(ii) (3) 27,751,032 27,751,032 Golden GoldenForever Forever 50% Golden Forever 21
14 34 22
IMI GLOBAL HOLDINGS LIMITED 24 71 90 23
4 19,212 502,906 (26,441) (323,958) (7,229) 178,948 8,105 5,678 632 2,272 (145) (52,520) (16,648) (55,835) 6 (15,285) 78,543 7 (7) (1,717) 8 6,812 176,881 6,136 17 (10,123) 3,342 (18,603) 263,185 10 1,120 7,152 (19,723) 256,033 136 (36) (19,587) 255,997 11 894,641 12 (0.14) 1.86 1.86 24
13 33,671 17,976 14 50,026 52,447 15 3,253 3,707 17 21,806 32,715 18 9,065 19,248 117,821 126,093 27,972 19 8,817 5,400 17 5,774 8,348 20,760 20,760 20 39,800 24,200 25,396 107,149 128,519 165,857 9,265 4,769 13,260 3,628 7,505 21 870 2,605 22 805 39,038 27,828 53,917 100,691 111,940 218,512 238,033 143 279 25
21 356 647 218,013 237,107 24 68,937 68,819 149,076 168,288 218,013 237,107 24 71 26
16 205,770 120,151 237 103 17 2,286 1,363 336 83,393 2,859 84,859 3,185 1,540 (326) 83,319 205,444 203,470 24 68,937 68,819 25 136,507 134,651 205,444 203,470 27
68,799 276,360 909 529,006 875,074 20 170 190 255,997 255,997 487 487 (276,360) 276,360 11 (894,641) (894,641) 68,819 170 909 487 166,722 237,107 118 157 275 (19,587) (19,587) 218 218 68,937 327 909 705 147,135 218,013 (8,922) (8,922) 1,987 1,987 28
(15,285) 78,543 874 18,022 (511) 454 392 13,486 7,653 (2,044) (1,301) (632) (2,272) (328) 247 (5,612) (905) 431 (9,992) 101,204 (23,484) (87,830) (3,454) (170,887) (923) 4,463 42,146 13,260 (20,130) (115,367) (15,730) (18) (653) (668) (1,342) (20,816) (133,092) (21,627) (67,509) (15,600) (24,200) (9,526) (30,869) (7,864) (16,746) 25,703 8 6,812 669 2,272 360 61 (88,170) (2,300) (1,363) 27 1,016,150 (21,073) 787,326 29
(39,000) (109,792) (2,644) (18,061) (440) (3,082) 275 190 (894,641) 321,703 464 (41,809) (703,219) (83,698) (48,985) 107,111 156,007 1,178 89 24,591 107,111 25,396 107,149 (805) (38) 24,591 107,111 30
1. Sunni International Limited 35 17 2. 12 12 3. 31
3. 32
3. 5 5 5 33
3. 34
3. 35
3. 4. 6,240 1,736 15,316 11,236 11,270 476,320 19,212 502,906 5. 8 36
5. 7,976 11,236 19,212 (9,058) 1,684 (7,374) 8,105 632 (16,648) (15,285) (7) 6,812 (10,123) (18,603) 1,120 (19,723) 37
5. 130,814 2,289 133,103 21,806 91,431 246,340 17,008 17,008 11,176 28,184 31,257 2,053 33,310 18,850 1,328 20,178 38
5. 15,316 11,270 420,863 55,457 502,906 7,573 1,719 109,611 7,525 126,428 5,678 2,272 (55,835) 78,543 (1,717) 176,881 6,136 3,342 263,185 7,152 256,033 39
5. 69,639 1,214 70,853 32,715 188,382 291,950 1,764 28 1,792 52,772 54,564 44,601 59,899 767 3,047 108,314 11,092 16,597 643 1,175 29,507 40
5. 6,240 359,136 2,836 92,005 103,618 23,665 12,972 37,292 (10,210) 9,868 2,860 890 19,212 502,906 (7,374) 126,428 8,105 5,678 632 2,272 (16,648) (55,835) (15,285) 78,543 359,000,00097,000,00018,020,0002,300,000 41
5. 132,717 201,174 22,228 12,419 60,116 113,623 90,776 11,082 35,779 246,340 291,950 33,310 108,314 42
6. 9 10,171 12,331 32,842 106,036 43,013 118,367 (21,281) (13,896) 21,732 104,471 4,121 19,578 2,117 1,884 6,238 21,462 (5,364) (3,440) 874 18,022 1,992 2,689 (1,538) (1,183) 454 1,506 640 1,040 11 98 454 392 13,486 7,653 247 3,342 5,612 328 2,044 1,301 43
7. 351 2,492 39 590 390 3,082 (383) (1,365) 7 1,717 8. 176,881,000 6,812,000 44
9. (a) 9,513 11,670 38 41 180 180 360 360 80 80 10,171 12,331 1,000,000 4 4 1,000,0011,500,000 1 2,000,0012,500,000 1 1 3,000,0013,500,000 1 3,500,0014,000,000 1 2 45
9. (b) 4,114 5,647 12 12 4,126 5,659 2,000,0012,500,000 2 2,500,0013,000,000 2 46
10. 18 5,912 323 18 6,235 316 403 786 786 1,102 1,189 23 (518) 246 (272) 1,120 7,152 17.5%16% 16%17.5% 47
10. (18,603) 263,185 17.5%16% (3,256) 42,110 3,788 241 (3,361) (39,090) 1,239 583 1,915 152 572 2,558 821 1,120 7,152 127,678,801 82,748,801 (A)5,000,000(B) 15,730,000(C)24,200,000 48
11. 0.02 0.26 894,641 0.02 0.26 12. (19,587) 255,997 137,696,990 137,623,521 1,181,530 5,365 138,878,520 137,628,886 (0.14) 1.86 1.86 49
13. 4,153 18,914 3,303 26,370 2,224 18,037 1,984 22,245 (559) (88) (2,440) (3,087) 5,818 36,863 2,847 45,528 648 5,151 2,595 8,394 902 5,004 332 6,238 (280) (55) (2,440) (2,775) 1,270 10,100 487 11,857 4,548 26,763 2,360 33,671 3,505 13,763 708 17,976 6,952,000 8,327,000 50
14. 60,313 11,065 71,378 7,866 13,486 21,352 50,026 52,447 3 15. 4,536 829 454 1,283 3,253 3,707 10 51
16. 85,000 85,000 120,770 35,151 205,770 120,151 35 17. 79,026 89,935 (57,220) (57,220) 21,806 32,715 22.5% 52
17. 1,152,630 624,459 (44,990) 13,127 (10,123) 3,342 932,594 1,000,641 429,018 523,571 (418,707) (416,709) (591,678) (707,793) 351,227 399,710 79,026 89,935 47,798,000 68,173,000 53
18. 7,864 7,864 18,047 18,047 1,201 1,201 1,201 1,201 18,047 9,065 1,201 9,065 19,248 260,000,000 16,746,000418,732,600 365,000,00025,703,000 Kabushiki Kaisha Mad HouseKK Mad House100 100,000,0007,490,000 KK Mad House 200 KK Mad House 15%7,864,000 54
19. 3090 0 30 4,700 31 60 1,579 305 61 90 1,591 90 181 6,279 2.077 2,538 3,323 8,817 5,400 20. 10 55
21. 892 2,645 870 2,605 369 649 356 647 1,261 3,294 1,226 3,252 (35) (42) 1,226 3,252 1,226 3,252 (870) (2,605) 356 647 2.712.80 56
22. 39,000 805 38 805 39,038 23. (4,334) 3,816 (518) 2,550 (2,032) 518 (1,784) 1,784 (167) 167 (2,756) 2,756 (4,707) 4,707 57
23. 12 (4,707) (1,784) 4,707 1,784 58,379,000 34,598,000 4,707,000 1,784,000 5,509,000 3,752,000 58
24. 0.02 5,000,000,000 100,000 a (4,800,000,000) 0.50 200,000,000 100,000 b 300,000,000 150,000 0.50 500,000,000 250,000 3,439,925,000 68,799 1,000,000 20 a (3,303,288,000) 137,637,000 68,819 c 236,000 118 137,873,000 68,937 (a) 0.0225 0.02 1 0.50 25 0.02 1 59
24. (b) 300,000,000 0.50100,000,000250,000,000 (c) 100,000136,000 0.501.06 1.246 25. 276,360 153,329 398,142 827,831 170 170 201,291 201,291 (276,360) (153,329) 429,689 11 (894,641) (894,641) 170 134,481 134,651 157 157 1,699 1,699 327 136,180 136,507 60
25. (a) (b) 276,360,000 429,689,000 11 136,180,000 134,481,000 26. (a) 80%10% 28 10 61
26. (b) 10 28 (a) (b) (c) 13,763,700 10% 30% 6,664,0004.83% 1% 1% 0.1% 5,000,000 62
26. (b) 1.06 2,060,000 (100,000) (280,000) 1,680,000 1.06 160,000 (20,000) 140,000 1.246 5,320,000 (136,000) (340,000) 4,844,000 2,220,000 5,320,000 (236,000) (640,000) 6,664,000 1.21 1.351.75 63
26. 0.18944 1,000,000 (1,000,000) 1.06 2,060,000 2,060,000 1.06 160,000 160,000 1,000,000 2,220,000 (1,000,000) 2,220,000 0.30 1,100 1,110 64
27. 643,703 521 332,388 244,962 27,844 (148,207) (9,427) (288,249) 803,535 176,881 63,578 1,043,994 1,077,500 (33,506) (27,844) 1,016,150 833,506,000 476,320,000 117,136,000 65
28. 618,000 3,800,000 29. 42,872 52,790 689 11,495 43,561 64,285 30. 1,564 1,553 1,297 886 2,861 2,439 66
31. 1,227,000 42,252,000 32. 1,061,000 917,000 67
33. 8 (i) 960 960 Glory Dragon (Hong Kong) Limited (i) 531 (ii) 313 343 (iii) 11,236 8,006 (iv) 300 (i) (ii) (iii) (iv) 34. 68,936,500 1.08 74,500,000 68
35. (i) Freyner Limited 1,000 100% Imagi Animation Studios 2 100% Limited Imagi Production Limited 28,572 100% Imagi Production (FOTP) 2 100% Limited Cheer Faith Enterprise Limited Imagi (IP) Licensing B.V. 18,000 100% Imagi (Zentrix) Licensing B.V. 18,000 100% Imagi International Japan 30,000,000 82.5% Company Limited 69
35. (i) Imagi Intellectual Properties 1,000 100% Limited Imagi IP Holdings Pte. Limited 100 100% Imagi Services Limited 2 100% Imagi Services (USA) Limited 100 100% Neo-Mad House Intellectual 1 100% Properties Limited Neo-Mad House Intellectual 18,000 100% Properties Licensing B.V. Neo-Mad House (X.S.I.) 1 100% Limited 70
35. (i) Topway Asset Limited 4 100% Treasure Path Company Limited 100 100% 5% 1,000,000 (ii) (i) Topway Asset Limited (ii) 5% 71
803,179 909,598 1,072,912 502,906 19,212 158,334 161,889 148,030 263,185 (18,603) 5,826 5,794 6,772 7,152 1,120 152,508 156,095 141,258 256,033 (19,723) 278 163 (36) 136 152,508 156,373 141,421 255,997 (19,587) 921,186 1,105,735 1,125,615 291,950 246,340 (199,998) (293,075) (249,793) (54,564) (28,184) (1,904) (748) (279) (143) 721,188 810,756 875,074 237,107 218,013 72