First asset-backed securities Issued Based on Box Offices Listed on the Shenzhen Stock Exchange

First asset-backed securities Issued Based on Box Offices Listed on the Shenzhen Stock Exchange

HONG KONG, Aug. 4, 2015 /PRNewswire/ -- SMI Holdings Group Limited ("SMI" or the "Company" and its subsidiaries, collectively the "Group", HKEx: 198), one of the largest movie theatre operators in China, announced that, its asset-backed securities in the principal amount of RMB1.35 billion are listed on the Shenzhen Stock Exchange today (the "ABS Listing"), being the first asset-backed securities issued based on box offices in the PRC.

The proceeds from the ABS Listing is expected to be used as general working capital mainly for construction and development of movie theatres. The Company aims to increase the number of movie theatres putting into operations to not less than 180 and the number is expected to reach 200 by the end of this year. The Directors consider that the Company currently has sufficient working capital and the revenue from the existing 150 movie theatres as well as the new movie theatres will be used as operational working capital and for debt repayment.

Mr. CHENG Chi Chung, Chief Executive Officer of the Group said, "According to the data of China Film Distribution and Exhibition Association, as at 27 July 2015, the total box office in the PRC this year is approximately RMB27.98 billion. Benefiting from the blooming box office income in the PRC, the Group's box office income from the first 6 months of the year have recorded a year-on-year increase of 72%. The current market share of the Group's total revenue from box offices is more than 4% with a hope to achieve 8% next year. With the proceeds of this fund raising, the Group hopes to take advantage of the rapidly growing domestic film market, and channel resources on movie theatres construction in the PRC."

About SMI Holdings Group Limited (0198.HK)
SMI Holdings Group Limited (0198.HK) is a company listed on the Main Board of the Stock Exchange of Hong Kong. The Company is principally engaged in the business of movie theatre operating and new complementary business, such as Xingmeihui and advertising & promotion business. Under its strong management team and powerful business network, the number of SMI's movie theatre has grown from 3 in 2009 to 150 now.

SOURCE SMI Holdings Group Limited

SMI Holdings Group Limited

CONTACT: Stimulus Investor Relations, Casey Tang / Hill Ho, Tel: +852 9200 3513 / + 852 6505 1569, Email: casey.tang@stimulus-ir.com / hill.ho@stimulus-ir.com


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