Corgi Appoints Non-Executive Director to Audit Committee.

HONG KONG -- Corgi International Limited (Nasdaq: CRGI) announced the appointment of Leo Koulos to the Company's audit committee effective as of October 3, 2006. Mr. Koulos has been a member of the Company's board of directors since March 1997. Mr. Koulos replaces Charles C. McGettigan.

This appointment was made subsequent to the Company's receipt of a Nasdaq Staff Deficiency Letter on October 11, 2006 indicating that the Company was not in compliance with the requirement of Marketplace Rule 4350(d)(2). That rule mandates, among other things, that the Company maintain an audit committee comprised of not fewer than three independent directors.

As a result of Mr. Koulos' appointment to the audit committee, the Company is in compliance with Marketplace Rule 4350(d)(2), and the Company has received a compliance letter from Nasdaq acknowledging that fact.

About Corgi International

Corgi International, based in Hong Kong, sells die-cast collectible products under its own brand. In the U.S., the company is known as Corgi USA. Corgi also produces high quality die-cast and plastic products for multi-national companies that market collectible or gift items worldwide. Corgi has a high-volume manufacturing operation in China and sales offices worldwide.