13:35     INNOMAXX BIOTEC<00340> - Results Announcement                       

    INNOMAXX Biotechnology Group Limited announced on 21/04/2005:             
    (stock code: 00340 )                                                      
    Year end date: 31/12/2004                                                 
    Currency: HKD                                                             
    Auditors' Report: Unqualified                                             
                                                                              
                                                            (Audited   )      
                                         (Audited   )       Last              
                                         Current            Corresponding     
                                         Period             Period            
                                         from 01/01/2004    from 01/01/2003   
                                         to 31/12/2004      to 31/12/2003     
                                   Note  ('000      )       ('000      )      
    Turnover                           : 242,459            18,109            
    Profit/(Loss) from Operations      : (47,247)           (29,583)          
    Finance cost                       : (2,373)            (3,379)           
    Share of Profit/(Loss) of                                                 
      Associates                       : (28,065)           (1,051)           
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                N/A               
    Profit/(Loss) after Tax & MI       : (86,215)           (35,290)          
    % Change over Last Period          : N/A       %                          
    EPS/(LPS)-Basic (in dollars)       : (0.0392)           (0.0215)          
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : (86,215)           (35,290)          
    Final Dividend                     : NIL                NIL               
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : N/A                                  
    Payable Date                       : N/A                                  
    B/C Dates for Annual                                                      
      General Meeting                  : 27/05/2005         to 30/05/2005 bdi.
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
                                                                              
    1.      TURNOVER                                                          
                                                    2004            2003      
                                                    HK$'000         HK$'000   
            Turnover represents the net amounts received and receivable for:  
                                                                              
            Trading of pharmaceutical ingredients   163,730         -         
            Trading of investments in securities    58,179          -         
            Processing, storage and enrolment fees  11,724          9,287     
            Rental income                             8,805         8,807     
            Dividend income from investments in                               
             securities                                 21           1        
            Other investment income                      -          14        
                                                    -----------------------   
                                                    242,459         18,109    
                                                    =======================   
                                                                              
    2.      LOSS PER SHARE                                                    
                                                                              
            The calculation of the loss per share is based on the net loss for
    the year of approximately HK$86,215,000 (2003: HK$35,290,000) and on the  
    weighted average number of 2,199,224,328 (2003: 1,640,633,346) shares in  
    issue during the year.                                                    
                                                                              
    The computation of the diluted loss per share for 2003 and 2004 did not   
    assume the conversion of the convertible bonds since their exercise would 
    result in a decrease in the loss per share from continuing ordinary       
    operations.                                                               
                                                                              
            The effect of share options is excluded from the calculation of   
    the diluted loss per share since their exercise would result in a decrease
    in the loss per share from continuing ordinary operations.