IMAX China Holding, Inc. announced that Mr. Daniel Wade Manwaring has been appointed as the chief executive officer of the Company, with effect from January 9, 2023. Mr. Jiande Chen, the Interim CEO of the Company, will return to his full-time position as Vice Chairman of the Company, and will remain as an executive director of the Company, with effect from January 9, 2023. Mr. Chen will work closely with Mr. Manwaring day-to-day as Mr. Manwaring transitions into his new role.

Mr. Chen has confirmed that he has no disagreement with the Board and he is not aware of any matter relating to his resignation as the Interim CEO of the Company that needs to be brought to the attention of the shareholders of the Company. Mr. Manwaring, aged 38, will be responsible for the day-to-day management of the business and operations of the Company. Prior to joining the Company, Mr. Manwaring spent nearly 10 years with Creative Artists Agency ("CAA"), a well-known talent agency, in various roles, including as Head of Media Finance (Asia) from January 2020 to December 2022, Head of Motion Pictures China from January 2018 to December 2020, and as an agent from January 2013 to December 2018.

Mr. Manwaring was the founder of AF Design, an auto parts business for luxury cars which was closed in January 2013, from October 2011 to December 2012. Mr. Manwaring was also a Senior Financial Analyst of China Hydroelectric Corporation (NYSE: CHC) from October 2008 to October 2011 and a Financial Analyst of Friedland Capital Inc. from May 2007 to October 2008. Mr. Manwaring graduated from the University of Florida, the United States, with a Bachelor of Science in Finance and a Bachelor of Arts in Chinese Language and Culture, in May 2008.

Mr. Manwaring has been based in China since 2006 and is fluent in Mandarin. He also took Chinese courses at Tsinghua University in China.