Amax International : Announcements and Notices -

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

This announcement appears for information purpose only and does not constitute an invitation or offer to acquire, purchase or subscribe for the securities of the Company.

AMAX INTERNATIONAL HOLDINGS LIMITED 奧瑪仕國際控股有限公司

(Incorporated in Bermuda with limited liability)

(Stock Code: 959)

DELAY IN DESPATCH OF CIRCULAR IN CONNECTION WITH

• (I) CONNECTED TRANSACTION

• (II) DEED OF SETTLEMENT AND

(III) PROPOSED ISSUE OF CONVERTIBLE BOND

UNDER SPECIFIC MANDATE

Reference is made to the announcement of Amax International Holdings Limited (the "Company") dated 29 December 2017 (the "Announcement") in relation to the deed of settlement in respect of the Promissory Notes. Unless defined otherwise, capitalized terms used in this announcement shall have the same meanings as those defined in the Announcement.

As set out in the Announcement, a circular (the "Circular") containing, among other things, (i) further information on the Deed including the grant of the Specific Mandate; and (ii) a notice of the SGM and a form of proxy will be despatched to the Shareholders on or around 22 January 2018.

As additional time is required for preparing the information to be included in the Circular, the despatch of the Circular is expected to be postponed to a date falling on or before 28 February 2018.

By order of the Board

Amax International Holdings Limited

Ng Man Sun

Chairman and Chief Executive Officer

Hong Kong, 22 January 2018

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.