About INT'L ENT Company

The Group was established in June 1998 when the hkcyber.com domain name was registered. In March 1999, the Group began developing an interesting interactive information portal covering different topics and services, and building the infrastructure for the hkcyber.com website. In November 1999, the Group officially launched the hkcyber.com website. The initial content included news, finance, travel, horse racing, leisure and sports programs, as well as community services such as chat rooms, free emails, and message boards where readers can participate in creating interactive stories. The shares were listed on GEM on July 31, 2000. In January 2002, the Group further expanded its multimedia business in the Chinese market by establishing a joint venture. The company provides employment, community services and professional company services through service centers and portal websites. In May 2002, the Company purchased the entire issued share capital of COAGL from the COAGL seller at a cost of HK$80,000,000. The main business of COAGL and its subsidiaries is to provide wireless, broadband and multimedia operation and system integration services in the Asia-Pacific region. After the acquisition of COAGL was completed, the Group gradually developed from an online multimedia content provider to a wireless, broadband and multimedia technology supplier. In May 2002, the company changed its name from Cyber Daily (Holdings) Co., Ltd. to Chuangbo Digital Technology Group Co., Ltd. In November 2002, September 2003 and March 2004, the Group terminated its business of providing advertising platforms for Internet marketing and e-Malls (e-Malls), approving and subscribing to online content, and providing recruitment and corporate services, respectively. In April 2004, Mediastar became the controlling shareholder after the Company issued 120,000,000 new shares to Mediastar, a wholly-owned subsidiary of Chow Tai ?$#@$, based on a total subscription amount of HK$120,000,000. In December 2004, the Company acquired approximately 51.0% of M8 voting rights at a total cost of US$11,626,203. M8 and its subsidiaries are a North American independent film production/distribution group with a long history. They are mainly engaged in the acquisition, financing, production and global licensing of films of various themes. Past movies screened by M8 include the critically acclaimed movie Monster (Monster), which stars Charlize Theron (Charlize Theron) and Christina Ricci (Christina Ricci), and was selected as the “Best Film of 2003” by famous American film critic Roger Ebert (whose column was published nationwide). Charles Hualong has won many awards and awards for her outstanding performance in the film, including the world-renowned Golden Globe Award for “Best Actress - Drama Group” and the Academy Award for “Best Actress”. Pretty Wolf is published by Newmarket Films in the US and Remstar/Alliance Atlantis in Canada. Other movies released by M8 in the past include the suspense horror film The I Inside starring Ryan Phillippe, Piper Perabo, and Stephen Rea; the dark comedy 11:14 starring Hilary Swank, Rachel Leigh Cook, Barbara Hershey, and Patrick Swayze; and Kevin Spacey, Don Cheadle, Ryan Gosling, Chris Klein, and Lena Olin star in the drama film The United States of Leland surrounding each protagonist. On December 17, 2004, the company changed its name from Chuangbo Digital Technology Group Co., Ltd. to International Entertainment Co., Ltd. The Group further expanded its business in 2005 by investing in the production of TV series and concerts in Hong Kong, China and mainland China. In 2005, the Group established a wholly-owned subsidiary - International Entertainment Production Co., Ltd. “(IECP)” to expand its entertainment business. IECP's main business includes: international, local, and domestic concert production; TV series and film production. In 2007, the Group established “International Entertainment Record Production Co., Ltd.” to further invest in the recording industry. International Entertainment Records Co., Ltd. and its music brand “EC Music” are mainly committed to producing entertaining, informative and diverse music in the Hong Kong and mainland China music scene. We make every effort to provide different types of high quality music to meet the needs of different markets in the music industry. On October 11, 2007, the Company completed the acquisition of the hotel and entertainment business in the Philippines and Macau, China. The acquisition involved the purchase of a 51% interest in the Philippine Hotel Group and a 40% interest in the Macau company Arc de Triomphe Development Co., Ltd. The hotel group is the owner of the hotel. The hotel is a luxury casino hotel in the Philippines, including a 32-story luxury hotel building with more than 370 guest rooms and gaming facilities. The main business of the Macau Company is property investment, and its main asset is a plot of land covering an area of about 7,128 square meters located in the Outer Harbour Reclamation Area of Macau's new port. On December 27, 2007, Entertainment entered into a conditional sale agreement for the sale of all of its interests in Cyber On-Air Group Limited. After completing the relevant sale, the Group has ceased operating the business of providing network solutions and project services. Macau's Arc de Triomphe opened on September 21, 2009. Macau's Arc de Triomphe is a landmark complex integrating high-class residential units, a super luxury hotel with casino facilities, a commercial unit and a parking lot. The hotel is a five-star hotel with 301 hotel rooms (all decorated in European style), and the casino has more than 100 gaming tables and around 400 slot machines. On March 19, 2010 (Montreal time), the Supreme Court of Quebec, Canada, in the province of Quebec in the Montreal district, issued an order to liquidate M8 in accordance with the provisions of the Canadian Commercial Companies Act. RSM Richter Inc. was appointed by the Supreme Court as liquidator of M8. In accordance with relevant accounting standards, M8 was terminated as a subsidiary of the Company immediately following the appointment of a liquidator. In May 2010, the Company announced its conditional agreement to sell all of its equity interests in Fortune Gate Overseas Limited. The shares were listed on the Main Board on September 27, 2010. On November 5, 2010, the Company completed the sale of all issued share capital of Fortune Gate Overseas Limited. Fortune Gate Overseas Limited holds 40% equity interest in Triumphal Arch Development Ltd.