09:23     INTL BK OF ASIA<00636> - Announcement (2)                           

    The amendments to the Articles are proposed in order to make              
    the Articles consistent with recent changes to Hong Kong company          
    and securities law and regulation, including amendments to the            
    Companies Ordinance and the Rules Governing the Listing of                
    Securities on The Stock Exchange of Hong Kong Limited.                    
                                                                              
    The proposed amendments to the Articles are subject to the                
    approval of Shareholders by way of special resolution at the              
    EGM.                                                                      
                                                                              
    General                                                                   
                                                                              
    A circular containing details of the proposed name change of              
    the Company and setting out the proposed amendments to the                
    Articles, together with a notice convening the EGM and proxy              
    form, will be despatched to Shareholders as soon as practicable.          
                                                                              
    An announcement will be made in due course to update the                  
    Shareholders and the public on the outcome of the special                 
    resolutions to change the name of the Company and to amend the            
    Articles after the EGM. In addition, the announcement will set            
    out the effective date of the name change of the Company, the             
    English and Chinese stock short names of the Company and relevant         
    arrangements for the exchange of share certificates.                      
                                                                              
    By Order of the Board                                                     
    International Bank of Asia Limited                                        
    Ivan Young                                                                
    Company Secretary                                                         
                                                                              
    As at the date of this announcement, the Board comprises Jin-Yi           
    Lee (Managing Director and Chief Executive Officer), Fan Sheung           
    Yam, Horace as Executive Directors; Ming-Hsing (Richard) Tsai             
    (Chairman), Ming-Chung (Daniel) Tsai (Vice Chairman), Wing-Fai            
    Ng, Victor Kung, Jesse Ding as Non-Executive Directors; and               
    Robert James Kenrick, Moses Tsang, Hung Shih as Independent               
    Non-Executive Directors.                                                  
                                                                              
    Hong Kong, 14 January 2005