09:48     MAXX BIOSCIENCE<00512> - Announcement (2)                           

    Company as at the date of this announcement.                              
                                                                              
    SHAREHOLDING STRUCTURE                                                    
    The following is the shareholding structure of the Company                
    immediately before and after completion of the Open Offer:                
                                                                              
                              Before                    Immediately           
                              completion                after                 
                              of the Open               completion            
                              Offer                     of the Open           
                                                        Offer                 
                 Shares       %            Shares       %                     
                              (approximate              (approximate          
                              ly)                       ly)                   
                                                                              
    Vision       130,004,818  36.32        390,014,454  36.32                 
    Ocean (Note                                                               
    1)                                                                        
    Sunny        37,000,000   10.34        37,000,000   3.45                  
    Fortune                                                                   
    Limited                                                                   
    (Note 2)                                                                  
    Ceva         41,180,000   11.50        158,540,000  14.76                 
    Investments                                                               
    Limited                                                                   
    (Note 3)                                                                  
    Wise         3,314,000    0.93         14,942,000   1.39                  
    Capital                                                                   
    Internationa                                                              
    l Limited                                                                 
    (Note 4)                                                                  
    Public       146,479,182  40.91        473,437,546  44.08                 
    Total        357,978,000  100.00       1,073,934,00 100.00                
                                           0                                  
                                                                              
                                                                              
                                                                              
    Note:                                                                     
    1.                                                                        
    Vision Ocean is 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 Yuk Yee, a Director and          
    Chairman of the Company.                                                  
                                                                              
    2.                                                                        
    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.                                      
                                                                              
    3.                                                                        
    Ceva Investments Limited is a company incorporated in the British         
    Virgin Islands with limited liability and, as known by the Company,       
    beneficially owned by Mr. Lau Chun Ming.                                  
                                                                              
    4.                                                                        
    Wise Capital International Limited is a company incorporated in the       
    British Virgin Islands with limited liability and wholly and              
    beneficially owned by Mr. Siu Siu Ling, Robert, a Director.               
                                                                              
                                                                              
    SHARE CERTIFICATES                                                        
    Share certificates of the Offer Shares will be despatched by              
    ordinary post to those Qualifying Shareholders who have validly           
    applied and paid for the Offer Shares, at their own risks, on or          
    before Monday, 14 March 2005. Dealings in the Offer Shares will           
    commence on Wednesday, 16 March 2005.                                     
                                                                              
    By Order of the Board                                                     
    MAXX Bioscience Holdings Limited                                          
    LO Yuk Yee                                                                
    Chairman                                                                  
                                                                              
    Hong Kong, 11 March 2005                                                  
                                                                              
    As at the date of this announcement, the executive Directors are Ms.      
    LO Yuk Yee (Chairman), Ms. HE Jin Hong, Dr. CAO Wu, Mr. SIU Siu-ling,     
    Robert, Mr. HA Sze Tung Sharp Stone and Mr. HU Min, and the               
    independent non-executive Directors are Mr. WONG Wai Kin, Mr. MA Shiu     
    Kin and Mr. LEUNG Wai Chuen.