09:50     AV CONCEPT HOLD<00595> - Announcement & Resumption (10)             

    "Joint Venture Period"   the period between Initial Closing               
    and Final Closing                                                         
                                                                              
    "Liquidity Event"   the event upon which, among other things,             
    Final Closing is conditional, which consist of the listing of             
    BreconRidge or the listing of any entity that has acquired the            
    business or assets of BreconRidge on one or more of The                   
    Toronto Stock Exchange, the New York Stock Exchange, the                  
    NASDAQ National Market system, the AMEX Exchange, the AIM                 
    Exchange or the Stock Exchange; or the sale of all the shares             
    of BreconRidge, or the sale of all or substantially all of the            
    assets of BreconRidge, or any other transaction, that will                
    result in AVCC being entitled to receive cash or tradeable                
    shares                                                                    
                                                                              
    "Listing Rules"   The Rules Governing the Listing of                      
    Securities on the Stock Exchange                                          
                                                                              
    "PRC"   The People's Republic of China                                    
                                                                              
    "Second Tranche Shares"   shares of AV Chaseway representing              
    the remaining 50% of the issued share capital of AV Chaseway              
                                                                              
    "Share(s)"   share(s) of HK$0.10 each in the share capital of             
    the Company                                                               
                                                                              
    "Shareholder(s)"   holder(s) of the Share(s)                              
                                                                              
    "Shareholders' Agreement"   the shareholders' agreement to be             
    entered into amongst AV Chaseway, AVCC and BreconRidge to                 
    govern, among other things, the management and operation of AV            
    Chaseway during the Joint Venture Period                                  
                                                                              
    "Stock Exchange"   The Stock Exchange of Hong Kong Limited                
                                                                              
    "Supply Agreement"   the supply agreement to be entered into              
    amongst AV Chaseway, AVCM and BreconRidge in respect of the               
    supply by AV Chaseway of manufacturing services                           
                                                                              
    "Total Consideration Shares"   the BreconRidge Warrant Shares             
    and the Final Closing BreconRidge Shares                                  
                                                                              
    "Warrant"   a warrant entitling AVCC to subscribe for the                 
    BreconRidge Warrant Shares on the terms and conditions                    
    specified in the Agreement, being the consideration for the               
    sale of the First Tranche Shares                                          
                                                                              
    "US$"   United State dollars, the lawful currency for the time            
    being of the United States of America                                     
                                                                              
    "%"   per cent.                                                           
                                                                              
    The translation of HK$ and US$ used in this announcement is               
    made at the exchange rate of US$1 = HK$7.8 and is for                     
    illustration purposes only.                                               
                                                                              
    By Order of the Board                                                     
    AV Concept Holdings Limited                                               
    So Yuk Kwan                                                               
    Chairman                                                                  
                                                                              
    Hong Kong, 9 May 2005                                                     
                                                                              
    As at the date of this announcement, the Board comprises four             
    executive directors, Mr. So Yuk Kwan (Chairman), Mr. Lee Jeong            
    Kwan, Mr. So Chi On and Mr. Lai Yat Hung, Edmund, and three               
    independent non-executive directors, DR. Hon. Lui Ming Wah, JP,           
    Mr. Charles E. Chapman and Mr. Wong Ka Kit.