Share this article SHANGHAI and NEW YORK, Dec. 17, 2020 /PRNewswire/ -- As China's film industry continues its strong post-pandemic rebound, Guangzhou JinYi Media Corporation (002905.SZ), IMAX (NYSE: IMAX) and IMAX China (HKSE: 1970) announced that they have expanded their longstanding partnership with a new 12-theatre agreement. Under the deal, JinYi will upgrade to cutting-edge IMAX® with Laser technology at seven of its most popular IMAX locations — including one of their top grossing theatres in Beijing — and install five IMAX systems at new locations. After today's agreement, IMAX will have 989 total screens in China including backlogs nationwide. "As a leading film exhibitor in China, JinYi is committed to offering the best-in-class experience for moviegoers," said Li Xiaodong, President of Guangzhou JinYi Media Corporation. "Throughout our years of partnership, IMAX has consistently provided audiences with an unmatched moviegoing experience. We look forward to bringing this experience to more audiences across China with this new agreement and we are confident that IMAX will continue to strengthen our brand and drive strong business results as the industry recovers and develops in the post-pandemic market."