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AMAX INTERNATIONAL HOLDINGS LIMITED

奧 瑪 仕 國 際 控 股 有 限 公 司 *

(Incorporated in Bermuda with limited liability)

(Stock Code: 959)

VOLUNTARY ANNOUNCEMENT

UPDATE ON THE LITIGATION IN RESPECT OF AN ASSOCIATE

Reference is made to the announcements of Amax International Holdings Limited (''the Company'') dated 18 June 2014 (the ''Announcement'') and 14 November 2014 (the ''Update Announcement'') respectively in connection with the litigation in respect of an associate. Unless otherwise defined, capitalised terms used herein shall have the respective meanings ascribed to them in the abovementioned announcements.
With reference to the Announcement, on 18 June 2014, the Company filed the Action with the Court of First Instance of Macau, SAR against the Associate in relation to its failure to provide its annual accounts for the year ended 31 December 2013 to its shareholders.
With reference to the Update Announcement, on 7 November 2014, the Court of First Instance of Macau, SAR, made a ruling that the administrator of the Associate shall within 60 days provide its management accounts for the year ended 31 December 2013 (the ''Ruling'').
On 24 February 2015, the Company received what purported to be the management accounts of the Associate for the year ended 31 March 2014 despite the fact that the Company has not received any notice from the Associate to convene general meeting to approve the annual accounts as at the date of this announcement. The Company considered that the Associate has failed to provide all documentation concerning the annual accounts necessary for the Company to verify the financial information.
Consequently, the Board decided to take further actions and instructed the Macau lawyer on
24 February 2015 to issue a letter to request the Associate to 1) provide all relevant information and documentation necessary for the Company to verify the financial information of the Associate for the year ended 31 March 2013 and 31 March 2014 respectively; and 2) convene general meeting to approve the annual accounts for the year ended 31 March 2013 and 31 March 2014.
The Company will closely monitor the development of this matter and make further announcement if and when there is any significant development in respect of this matter.
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Shareholders and potential investors of the Company are advised to exercise caution when dealing in the shares of the Company.
By order of the Board
Amax International Holdings Limited
Ng Man Sun
Chairman and Chief Executive Officer
Hong Kong, 27 February 2015
As at the date hereof, Mr. Ng Man Sun (Chairman and Chief Executive Officer) and Ms. Ng Wai Yee are the executive Directors of the Company; and Ms. Yeung Pui Han, Regina, Mr. Li Chi Fai and Ms. Sie Nien Che, Celia are the independent non-executive Directors of the Company.

* for identification purpose only

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