11:11     MAXX BIOSCIENCE<00512>-Announcement&Resumption of Trading-15        

                                   the Open Offer                             
    `Underwritten Shares'          not less than 455,946,364 and              
                                   not more than 459,858,364                  
                                   Offer Shares based on the                  
                                   number of shares in issue and              
                                   as at the Announcement Date                
                                   (being all the Offer Shares                
                                   less those Offer Shares                    
                                   provisionally allotted to                  
                                   Vision Ocean which have been               
                                   undertaken to be accepted by               
                                   it)                                        
    `Vision Ocean'                 Vision Ocean Investments                   
                                   Limited, a limited company                 
                                   incorporated under the laws                
                                   of the British Virgin                      
                                   Islands, the entire issued                 
                                   share capital of which is                  
                                   beneficially and legally                   
                                   owned by Ms. Lo and is the                 
                                   Controlling Shareholder of                 
                                   the Company;                               
    `HK$'                          Hong Kong dollars, the lawful              
                                   currency of Hong                           
                                   Kong                                       
                                                                              
    By Order of the Board                                                     
    MAXX Bioscience Holdings Limited                                          
    LO Yuk Yee                                                                
    Chairman                                                                  
                                                                              
    Executive Directors                                                       
    Ms. LO Yuk Yee (Chairman)                                                 
    Ms. HE Jin Hong                                                           
    Dr. CAO Wu                                                                
    Mr. SIU Siu-ling, Robert                                                  
    Mr. HA Sze Tung Sharp Stone                                               
    Mr. HU Min                                                                
                                                                              
    Independent Non-executive Directors                                       
    Mr. WONG Wai Kin                                                          
    Mr. MA Shiu Kin                                                           
    Mr. LEUNG Wai Chuen                                                       
    Hong Kong, 6 January 2005                                                 
                                                                              
    * For identification purposes only