09:33 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. A-MAX HOLDINGS LIMITED (incorporated in Bermuda with limited liability) (Stock code: 959) INCREASE IN INTEREST IN GREEK MYTHOLOGY (MACAU) ENTERTAINMENT GROUP CORPORATION LIMITED The Board refers to the Company's announcement dated 25 April 2005 and was informed today that Greek Mythology had agreed in principle to repurchase 19.95% interest in Greek Mythology on 18 May 2005. As far as the Board is aware, the consideration for the repurchase has not been finalized and no agreement has been signed. Further announcement(s) will be made informing the shareholders of the progress of the repurchase as and when necessary and appropriate. After completion of the repurchase, the Company's interest in Greek Mythology will be increased proportionately from 16.00% to 19.99%. The share repurchase by Greek Mythology may or may not proceed, shareholders of the Company and investors should exercise caution when dealing in the Shares. At the request of the Company, trading in the Shares on the Stock Exchange has been suspended from 3:20 p.m. on 19 May 2005 pending the release of this announcement. Application has been made by the Company to the Stock Exchange for the resumption of trading in the Shares on the Stock Exchange with effect from 9:30 a.m. on 20 May 2005. The board of directors (the "Board") of A-Max Holdings Limited (the "Company") refers to the Company's announcement dated 25 April 2005 and was informed today that Greek Mythology (Macau) Entertainment Group Corporation Limited ("Greek Mythology") had agreed in principle to repurchase 15.95% interest and 4% interest in Greek Mythology from Mr. Ng Man Sun (who is the substantial shareholder of the Company) and two other shareholders of Greek Mythology (who are, as far as the Board is aware, parties independent of and not connected with the connected person (as defined under the Rules (the "Listing Rules") Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") of the Company) respectively on 18 May 2005. As far as the Board is aware, the consideration for the repurchase has not been finalized and no agreement has been signed. Further announcement(s) will be made informing the shareholders of the progress of the repurchase as and when necessary and appropriate. Greek Mythology has confirmed that the repurchase will be made in accordance with applicable rules and regulations in Macau. After completion of the repurchase, the Company's interest in Greek Mythology will be increased proportionately from 16.00% to 19.99%. As far as the Board is aware, the repurchase does not have any material impact on the Company. The Board has noted the recent increase in the trading volume of the shares of the Company (the "Shares") and wish to state that save as the proposed share repurchase by Greek Mythology as disclosed herein, it is not aware of any reasons for such movement. As far as the Board is aware, no directors of the Company have dealt in the Shares on 19 May 2005. There are no negotiations or agreements relating to intended acquisitions or realizations which are discloseable under Rule 13.23 of the Listing Rules, neither is the Board aware of any matter discloseable under the general obligation imposed by Rule 13.09 of the Listing Rules, which is or may be of a price-sensitive nature. The share repurchase by Greek Mythology may or may not proceed, shareholders of the Company and investors should exercise caution when dealing in the Shares. At the request of the Company, trading in the Shares on the Stock Exchange has been suspended from 3:20 p.m. on 19 May 2005 pending the release of this announcement. Application has been made by the Company to the Stock Exchange for the resumption of trading in the Shares on the Stock Exchange with effect from 9:30 a.m. on 20 May 2005. By Order of the Board of A-Max Holdings Limited Ng Wai Fong Chairperson Hong Kong, 19 May 2005