09:23     INTL BK OF ASIA<00636> - Announcement (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 and            
    liability whatsoever for any loss howsoever arising from or in            
    reliance upon the whole or any part of the contents of this               
    announcement.                                                             
                                                                              
    INTERNATIONAL BANK OF ASIA LIMITED                                        
    (incorporated in Hong Kong under the Companies Ordinance)                 
    (Stock Code: 636)                                                         
                                                                              
    PROPOSED CHANGE OF COMPANY NAME AND                                       
    AMENDMENTS TO THE COMPANY'S ARTICLES OF ASSOCIATION                       
                                                                              
    The Board of the Company by a written resolution dated 13 January         
    2005 resolved, amongst other things, to submit a proposal for             
    the change of the Company's name to Shareholders for approval             
    by way of special resolution at the forthcoming EGM.                      
                                                                              
    The Board also resolved to submit a proposal to amend the Articles        
    for the approval of Shareholders by way of a special resolution           
    at the EGM.                                                               
                                                                              
    The amendments to the Articles are proposed to reflect recent             
    changes to Hong Kong company and securities law and the Rules             
    Governing the Listing of Securities on The Stock Exchange of              
    Hong Kong Limited.                                                        
                                                                              
    A circular containing, among other things, details of the                 
    proposed name change of the Company and the proposed amendments           
    to the Articles including details of how to vote in relation              
    to these proposals, together with a notice convening the EGM              
    and proxy form, will be despatched to Shareholders as soon as             
    practicable.                                                              
                                                                              
    Change of name                                                            
                                                                              
    The Board of Directors ("Board") of International Bank of Asia            
    Limited (the "Company") announces that by a written resolution            
    dated 13 January 2005, the Board resolved to submit a proposal            
    to change the name of the Company from "INTERNATIONAL BANK OF             
    ASIA LIMITED(*)" to "FUBON BANK (HONG KONG)                               
    LIMITED(*)" to shareholders of the Company                                
    ("Shareholders") for approval at the forthcoming extraordinary            
    general meeting to be held in the Auditorium, 7th Floor,                  
    International Bank of Asia Building, 38 Des Voeux Road Central,           
    Hong Kong on Monday, 21 February 2005 at 9:30 a.m. ("EGM"). The           
    name change is to reflect that the Company is a member of the             
    Fubon group of companies following the recent acquisition of              
    75% of the issued shares of the Company by Fubon Financial Holding        
    Co., Ltd.                                                                 
                                                                              
    The proposed change of name is subject to the passing of a special        
    resolution by Shareholders at the EGM. Subject to the approval            
    of Shareholders, it is expected that the change of name will              
    become effective on or about 6 April 2005. The proposed name              
    change of the Company will not affect any rights of Shareholders.         
    All existing share certificates in issue in relation to the               
    issued share capital of the Company bearing the existing name             
    of the Company will, after the change of name, continue to be             
    evidence of title to the shares and will continue to be valid             
    for trading, settlement and registration purposes.                        
                                                                              
    Amendments to the Articles                                                
                                                                              
    The Board further announces that by a written resolution dated            
    13 January 2005, the Board resolved to submit a proposal to               
    Shareholders to amend the articles of association of the Company          
    ("Articles").