11:08     MAXX BIOSCIENCE<00512>-Announcement&Resumption of Trading-8         

                                                                   Shares     
                                        0%                50%                 
                                        (Note             (Note               
                                        1)                2)                  
                                                          100%                
                                                          (Note               
                                                          3)                  
             Shares   (%)      Shares   (%)      Shares   (%)      Shares     
                                                                   (%)        
    Vision   130,004, 36.32    390,014, 36.32    390,014, 36.32    390,014,   
    Ocean    818               454               454               454        
                                                                   36.32      
    Sunny    37,000,0 10.34    37,000,0 3.44     74,000,0 6.89     111,000,   
    Fortune  00                00                00                000        
    Limited                                                        10.34      
    (Note                                                                     
    4)                                                                        
    Ceva     41,180,0 11.50    41,180,0 3.83     82,360,0 7.67     123,540,   
    Investme 00                00                00                000        
    nts                                                            11.50      
    Limited                                                                   
    (Note                                                                     
    5)                                                                        
    Public:-                                                                  
    The      -                 455,946, 42.46    227,973, 21.23    -  -       
    Underwri                   364               182                          
    ters                                                                      
    (Note                                                                     
    6)                                                                        
    Other    149,793, 41.84    149,793, 13.95    299,586, 27.89    449,379,   
    public   182               182               364               546        
    Sharehol                                                       41.84      
    ders                                                                      
    Total    357,978, 100.0    1,073,93 100.0    1,073,93 100.0    1,073,93   
             000               4,000             4,000             4,000      
                                                                   100.0      
                                                                              
                                                                              
                                                                              
                                                                              
    Notes:                                                                    
    1.                                                                        
    Assuming that none of the Offer Shares is taken up by Independent         
    Shareholders and that the entire Underwritten Shares are taken up by      
    the Underwriters.                                                         
                                                                              
    2.                                                                        
    Assuming that 50% of the Underwritten Shares are taken up by              
    Independent Shareholders and the remainder taken up by the                
    Underwriters.                                                             
                                                                              
    3.                                                                        
    Assuming that the entire Underwritten Shares are taken up by the          
    Independent Shareholders.                                                 
                                                                              
    4.                                                                        
    The 37,000,000 Shares are held by Sunny Fortune Limited, a company        
    incorporated in the British Virgin Islands with limited liability and     
    beneficially owned by Mr. Lok Fai. Mr. Lok Fai resigned as director       
    of the Company in June, 2002 but remains a director in a subsidiary       
    of the Company. Mr. Lok was the chairman and executive director of        
    the Company but resigned as chairman and was appointed as deputy          
    chairman in March 2002. Mr. Lok then resigned as the deputy chairman      
    and executive director in June 2002.                                      
                                                                              
    5.                                                                        
    The 41,180,000 Shares are held by Ceva Investments Limited, a             
    company incorporated in the British Virgin Islands with limited           
    liability and beneficially owned by Mr. Lau Chun Ming.                    
                                                                              
    6.                                                                        
    The Underwriters will place the Underwritten Shares to placees. Each      
    of the Underwriters shall use its reasonable endeavours to ensure         
    that the placees procured by it shall be independent of the Company       
    and its connected persons and are not connected persons of the            
    Company.                                                                  
                                                                              
                                                                              
    Up to the Announcement Date, each of Sunny Fortune Limited and Ceva       
    Investments Limited and their respective beneficial owner, Mr. Lok        
    Fai and Mr. Lau Chun Ming has not indicated any intention or given        
    undertaking to the Company in respect of the assured allotment of         
    Offer Shares to which they are entitled in the Open Offer.                
                                                                              
    WARNING OF THE RISKS OF DEALING IN SHARES                                 
    Trading of Shares on ex-entitlement basis is expected to commence on      
    Wednesday, 16 February 2005. Any person contemplating buying or           
    selling of the Shares from now up to the date on which all conditions     
    of the Open Offer are fulfilled will bear the risk that the Open          
    Offer may not become unconditional and may not proceed. Investors         
    should seek professional advice regarding dealings in Shares if they      
    are in any doubt.