08:50     MAXX BIOSCIENCE<00512> - Results Announcement                       

    MAXX Bioscience Holdings Limited announced on 25/04/2005:                 
    (stock code: 00512 )                                                      
    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                           : 63,162             66,404            
    Profit/(Loss) from Operations      : (140,439)          (82,390)          
    Finance cost                       : (2,731)            (3,279)           
    Share of Profit/(Loss) of                                                 
      Associates                       : (6,072)            (1,769)           
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : 0                  0                 
    Profit/(Loss) after Tax & MI       : (130,219)          (88,156)          
    % Change over Last Period          : N/A       %                          
    EPS/(LPS)-Basic (in dollars)       : (0.65)             (0.60)            
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : (130,219)          (88,156)          
    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                  : 27/06/2005         to 30/06/2005 bdi.
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
    1.      TURNOVER                                                          
                                                            Turnover          
                                                    2004            2003      
                                                    HK$'000         HK$'000   
    Sale of health products                         38,834          60,252    
    Sale of health drinks                           3,694           4,789     
    Sale of pharmaceutical products                 -               1,363     
    Proceeds from sale of investment in securities  20,634          -         
                                                    ----------      ----------
                                                    63,162          66,404    
                                                    ==========      ==========
                                                                              
    2.      LOSS PER SHARE                                                    
                                                                              
    The calculation of basic loss per share is based on the loss of HK$130,   
    219,000 (2003: HK$88,156,000) and on the weighted average of 199,857,663  
    (2003: 147,617,207) ordinary shares outstanding during the year.          
                                                                              
    The comparative amount for basic loss per share has been adjusted for the 
    3 for 1 open offer and capital reorganisation took place during the year. 
                                                                              
    Diluted loss per share for the year ended 31 December 2003 and 2004 has   
    not been presented as the potential ordinary shares had an anti-dilutive  
    effect on the basic loss per share for both years.                        
                                                                              
    For more details, please refer to the press announcement today.