Grand Toys International Ltd (Other) (424B3)

The Bank of New York
101 Barclay Street, 22W
New York, NY 10286
USA

October 1, 2007
SECURITIES & EXCHANGE COMMISSION
450 Fifth Street, NW
Washington, DC 20549

Attn.: Document Control

RE: American Depositary Shares
evidenced by the American
Depositary Receipts each
representing One Ordinary
Share of Grand Toys
International Limited
(Form F6 File No. 333114493)

Ladies and Gentlemen:

Pursuant to Rule 424(b)(3) under the Securities
Act of 1933, as amended, on behalf of The Bank
of New York, as Depositary for securities
against which American Depositary Receipts are
to be issued, we attach a copy of the new
prospectus (Prospectus) reflecting the change in
number of ordinary shares represented by one
American Depositary Share (the Ratio).

As required by Rule 424(e), the upper right hand
corner of the Prospectus cover page has a
reference to Rule 424(b)(3) and to the file
number of the registration statement to which the
Prospectus relates.

Pursuant to Section III B of the General
Instructions to the Form F6 Registration
Statement, the Prospectus consists of the ADR
certificate with revised ratio for Grand Toys
international Limited

The Prospectus has been revised to reflect
the new ratio, and has been overstampted
with:

EFFECTIVE October 1, 2007, GRAND
TOYS INTL. LTD. AMERICAN
DEPOSITARY SHARE (ADS) RATIO
CHANGED FROM 1:1 (ONE ADS
EQUALING ONE ORDINARY SHARE) TO
1:5 (ONE ADS EQUALING FIVE
ORDINARY SHARES).

Attached to this letter is a copy of a letter from Mitsubishi UFJ Financial Group, Inc to The Bank of New York requesting that the Ratio be changed.

Please contact me with any questions or
comments at 212 8154295

Judy Kang
The Bank of New York Mellon ADR
Division

Encl.
CC: Paul Dudek, Esq. (Office of International Corporate Finance)