10:14 A-MAX<00959> - Announcement & Resumption (1) The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. (incorporated in Bermuda with limited liability) (Stock code: 959) UNUSUAL PRICE AND TRADING VOLUME MOVEMENTS The Board has noted the recent increase in the price and trading volume of the shares of the Company and wishes to state that it is not aware of any reason for such increase except the Company is currently evaluating an invitation from Greek Mythology (Macau) Entertainment Group Limited in respect of proposals to develop an integrated resort project with casino gaming in Singapore and casino gaming business in the United States of America. The Board has been informed that Mr. Lu Zhi Qun has disposed of 48,525,745 shares in the Company, representing 7.49% of the capital of the Company, on 13 January 2005. After the disposal, Mr. Lu Zhi Qun ceases to be a shareholder of the Company. Dealings in the shares of the Company has been suspended at the request of the Company with effect from 9:30 a.m. on 14 January 2005 pending release of the announcement under Rule 13.10 of the Listing Rules. Application has been made by the Company for the resumption of dealings in the shares of the Company on the Stock Exchange with effect from 9:30 a.m. on 24 January 2005. This announcement is made at the request of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") under Rule 13.10 of the Rules Governing the Listing of Securities on the Stock Exchange (the "Listing Rules"). The board of directors (the "Directors" or "Board") of A-Max Holdings Limited (the "Company") has noted the recent increase in the price and trading volume of the shares of the Company and wish to state that the Board is not aware of any reasons for such increase. The Company is currently evaluating an invitation from Greek Mythology (Macau) Entertainment Group Limited ("Greek Mythology") (the "Co-operation Plan") in respect of proposals to develop an integrated resort project with casino gaming in Singapore (the "Singapore Proposal") and casino gaming business in the United States of America (the "United States") (the "US Proposal", together with the Singapore Proposal, the "Proposals"). The Co-operation Plan was firstly brought to the attention of Ms. Ching Mei Yee ("Ms. Ching"), an executive Director, by Mr. Chan King Ming, Michael ("Mr. Chan"), the vice president of Greek Mythology, on or about 3 January 2005. The sequence of the events is as follows: Date Action on or about 3 January 2005 Mr. Chan contacted Ms. Ching and invited the Company to join with Greek Mytholog to invest in the gaming business in countries including Singapore and the United States. The telephone conversation was mainly focused on the Singapore Proposal and Ms. Ching had expressed her interests in the co-operation. 6 January 2005 It was announced on 6 January 2005 that Mr. Chan would be appointed an executive Director and the vice chairman of the Company with effect from 21 January 2005. As mentioned in the announcement dated 6 January 2005, the appointment was made in anticipation that Mr. Chan would assist the Company to study the feasibility of submitting proposal for Singapore's first casino complex and seeking gaming licence. From 6 January 2005 to There was no further development in the date of the relation to the Co-operation Plan. The Press Conference Company had no further discussion of the terms of the Co-operation Plan with Greek Mythology. 7/11/12 January 2005 The Stock Exchange requested the Company to confirm whether the Company was aware of any reason for the unusual movements in price and trading volume pursuant to Rule 13.10 of the Listing Rules and the Company confirmed that it was not aware of any negotiations or agreements relating to intended acquisitions or realisations which are discloseable under Rule 13.23 of the Listing Rules or any matter discloseable under the general obligation imposed by Rule 13.09 of the Listing Rules. The Company was informed by the Stock Exchange that the Stock Exchange