The NASDAQ Stock Market announced that it will delist the American depositary shares of Corgi International Ltd. Corgi International’s stock was suspended on March 20, 2009 and has not traded on NASDAQ since that time. NASDAQ will file a Form 25 with the Securities and Exchange Commission to complete the delisting. The delisting becomes effective ten days after the Form 25 is filed.

Corgi International Limited announced that it received notice from NASDAQ that the Company’s shares will be delisted effective at the open of business on March 20, 2009. As noticed on October 20, 2008 from the staff of The NASDAQ Stock Market, LLC indicating that based on the Form 20-F for the period ended March 31, 2008, Staff determined that the Company’s stockholders’ equity was $(8,289,789). Accordingly, the Company does not comply with the minimum $10,000,000 stockholders’ equity requirement for continued listing on The NASDAQ Global Market set forth in Marketplace Rule 4450(a)(3). Given the Company’s failure to satisfy the minimum stockholders’ equity standard, Staff has moved forward with delisting the Company from the NASDAQ Global Market. “As previously announced, this decision was not unexpected,” states Chief Executive Officer, Michael Cookson. “Our Company has been negatively impacted during this period by the difficult conditions in the both the Retail and Financial markets. There are no changes to the Company’s operations in Hong Kong and the United States and the Company will continue to distribute its full product line throughout the world.” Although the Company is now delisted from The NASDAQ Capital Market, its common stock may be traded over-the-counter on the OTC Bulletin Board or in the "pink sheets." The company’s new Ticker Symbol is CRGIY.PK.

Corgi International Limited announced that it received notice on February 5, 2009 from the staff of the NASDAQ Stock Market, Inc. indicating that Corgi International Limited’s ADSs are to be delisted due to its non-compliance with the minimum ten million dollars stockholder’s equity requirement. In addition, the company was also notified that it currently did not meet its requirement of maintaining three independent directors, due to the recent resignation of two of its independent Directors located in the United Kingdom. The Company’s non-compliance with the director composition serves as an additional basis for delisting. Unless the Company requests an appeal of these determinations, trading of Corgi’s American Depositary Shares will be suspended at the opening of business on February 17, 2009, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company’s securities from listing and registration on The NASDAQ Stock Market. At present, Corgi plans to appeal the delisting determination by NASDAQ staff to a NASDAQ Listings Qualifications Panel. In addition, the NASDAQ Marketplace Rules may permit the Company to transfer its ADSs to the NASDAQ Capital Market if the Company satisfies the continued inclusion requirements for that market. If Corgi submits a transfer application and pays the applicable listing fees by March 29, 2009 the initiation of the delisting proceedings will be stayed pending the staff’s review of the application. If the NASDAQ staff does not approve Corgi’s transfer application, the NASDAQ staff will provide written notification that its securities will be delisted. In the event of a delisting, the Company’s securities may become eligible to trade on the OTC Bulletin Board or in the “Pink Sheets”, if a market maker makes application to register in and quote the security in accordance with SEC Rule 15c2-11, and such application is cleared.