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Exhibit 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) under the Securities Exchange Act of
1934, as amended, the persons named below agree to the joint filing on behalf of
each of them of a Schedule13D (including amendments thereto) with respect to the
American Depositary Shares of Grand Toys International Limited and further agree
that this Joint Filing Agreement be included as an exhibit to such joint filing.
Date: May 7, 2007
CENTRALINK INVESTMENTS LIMITED
By: /s/ Cheng Xxxxx, Xxxx
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Name: Cheng Xxxxx, Xxxx
Title: Director
CORNERSTONE BESTSTEP INTERNATIONAL LIMITED
By: /s/ Cheng Xxxxx, Xxxx
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Name: Cheng Xxxxx, Xxxx
Title: Director
By: /s/ Cheng Xxxxx, Xxxx
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Name: Cheng Xxxxx, Xxxx
