"The resurgence of COVID and the resulting closure of theaters in China posed a significant challenge to IMAX China in the first half of 2022. While these challenges persist, we are encouraged by a number of early signs of recovery, including acceleration in the local language content pipeline, incremental progress in Hollywood films securing release in China, and strong signs of demand for The IMAX Experience� in markets across the world," said Richard L. Gelfond, Chairman of IMAX China. "We believe the continued shift to blockbusters in the theatrical marketplace and increasing involvement of IMAX technology in content production will help drive future growth for our business as the market recovers." said Mr. Gelfond.