08:56     AV CONCEPT HOLD<00595> - Announcement                               

    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.                                                     
                                                                              
    AV CONCEPT HOLDINGS LIMITED                                               
    (Stock Code: 595)                                                         
                                                                              
    DELAY IN DESPATCH OF CIRCULAR REGARDING THE MAJOR                         
    TRANSACTION INVOLVING A DISPOSAL OF EQUITY INTERESTS                      
    IN                                                                        
    AV CHASEWAY IN CONSIDERATION FOR CERTAIN                                  
    INTERESTS IN BRECONRIDGE                                                  
                                                                              
    The despatch of the circular to the Shareholders                          
    regarding the major transaction involving a disposal                      
    of equity interests in AV Chaseway in consideration                       
    for certain interests in BreconRidge will be postponed.                   
    The Company has applied to the Stock Exchange for an                      
    extension of the deadline for the despatch of the                         
    circular to 27 June 2005.                                                 
                                                                              
    The Board refers to the announcement dated 9 May 2005                     
    (the "Announcement") regarding the major transaction                      
    involving a disposal of equity interests in AV                            
    Chaseway in consideration for certain interests in                        
    BreconRidge (the "Transaction").  Capitalised terms                       
    used in this announcement have the same meanings as                       
    defined in the Announcement.                                              
                                                                              
    Pursuant to Rule 14.38 of the Listing Rules, the                          
    Company is required to despatch the circular in                           
    relation to the Transaction to the Shareholders within                    
    21 days after publication of the Announcement, that                       
    is, on or before 30 May 2005.  However, the Company                       
    is in the process of compiling certain financial                          
    information in the circular, additional time is                           
    required by the Company to finish the compilation.                        
    Accordingly, the Company is not able to despatch the                      
    circular by 30 May 2005.  In view of the additional                       
    time required to prepare certain financial                                
    information, the Company has applied to the Stock                         
    Exchange for an extension of the deadline for the                         
    despatch of the circular to 27 June 2005.                                 
                                                                              
    By Order of the Board                                                     
    AV Concept Holdings Limited                                               
    Lai Yat Hung, Edmund                                                      
    Director                                                                  
                                                                              
    Hong Kong, 30 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.