11:11     MAXX BIOSCIENCE<00512>-Announcement&Resumption of Trading-14        

    `Offer Shares'                 not less than 715,956,000                  
                                   Shares but not more than                   
                                   719,868,000 Shares to be                   
                                   issued under the Open Offer                
    `Option(s)'                    the outstanding option(s)                  
                                   granted by the Company                     
                                   pursuant to the share option               
                                   scheme of the Company adopted              
                                   on 17 May 2002                             
    `Payton Place'                 Payton Place Limited, a                    
                                   company incorporated in the                
                                   British Virgin Islands, the                
                                   entire issued share capital                
                                   of which is beneficially and               
                                   legally owned by Ms. Lo                    
    `Promissory Notes'             the promissory notes in the                
                                   principal amount of                        
                                   HK$28,000,000.00 issued by                 
                                   the Company to Payton Place                
                                   on 10 December 2003 the                    
                                   maturity date of which falls               
                                   on 9 December 2006 as                      
                                   announced on 15 October 2003               
    `Prospectus'                   a prospectus containing                    
                                   details of the Open Offer to               
                                   be issued by the Company                   
    `Prospectus Documents'         the Prospectus, the Assured                
                                   Allotment Letter and the                   
                                   Excess Application Form                    
                                   relating to the Open Offer                 
    `Qualifying Shareholder(s)'    Shareholder(s), other than                 
                                   the Excluded Shareholder(s),               
                                   whose name(s) appear(s) on                 
                                   the register of members of                 
                                   the Company on the Record                  
                                   Date                                       
    `Record Date'                  Tuesday, 22 February 2005,                 
                                   the date by reference to                   
                                   which entitlements under the               
                                   Open Offer will be determined              
    `Registrar'                    Computershare Hong Kong                    
                                   Investor Services Limited,                 
                                   the branch registrar of the                
                                   Company in Hong Kong                       
    `Settlement Date'              Friday, 11 March 2005, being               
                                   the third business day after               
                                   the latest time for                        
                                   acceptance of the Offer                    
                                   Shares                                     
    `SGM'                          a special general meeting of               
                                   the Company to be convened                 
                                   and held for the                           
                                   consideration and approval of              
                                   the Open Offer                             
    `Share(s)'                     share(s) of HK$0.01 each in                
                                   the share capital of the                   
                                   company                                    
    `Shareholder(s)'               holder(s) of the Share(s)                  
    `Shortfall Underwritten        any Underwritten Shares not                
    Shares'                        accepted by Shareholders or                
                                   for which duly completed                   
                                   Assured Allotment Letters or               
                                   Excess Application Forms                   
                                   (accompanied by cheques or                 
                                   banker's cashier orders for                
                                   the full amount payable on                 
                                   application which are                      
                                   honoured on first or, at the               
                                   option of the Company,                     
                                   subsequent presentation) have              
                                   not been lodged for                        
                                   acceptance, or received, as                
                                   the case may be, on or before              
                                   the latest time for                        
                                   acceptance of the Offer                    
                                   Shares                                     
    `Stock Exchange'               The Stock Exchange of Hong                 
                                   Kong Limited                               
    `Subscription Price'           the subscription price of                  
                                   HK$0.11 per Offer Share                    
                                   pursuant to the Open Offer                 
    `Underwriters'                 Kingston Securities Limited                
                                   Luen Fat Securities Company                
                                   Limited Ever-Long Securities               
                                   Co. Limited Get Nice                       
                                   Investment Limited Emperor                 
                                   Securities Limited China                   
                                   Merchant Securities (HK) Co.,              
                                   Limited VC Brokerage Limited               
    `Underwriting Agreement'       the agreement dated 20                     
                                   December, 2004 between the                 
                                   Company, the Underwriters and              
                                   Vision Ocean relating to the               
                                   underwriting in respect of