09:23     MOULIN INT'L<00389> - 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.                   
                                                                              
    MOULIN INTERNATIONAL HOLDINGS LIMITED                                     
    (Incorporated in Bermuda with limited liability)                          
    (Stock Code: 389)                                                         
                                                                              
    PROPOSED CHANGE OF NAME                                                   
                                                                              
    The Company proposes that subject to the approval of the Shareholders     
    and the approval of the Registrar of Companies in Bermuda, the name of    
    the Company be changed to "Moulin Global Eyecare Holdings Limited" to     
    reflect the Company's transformation into one of the world leading        
    providers of eyecare products and services and the proposed               
    acquisition of ECCA.                                                      
                                                                              
    Moulin International Holdings Limited (the "Company") proposes that       
    subject to the approval of the shareholders of the Company (the           
    "Shareholders") and the approval of the Registrar of Companies in         
    Bermuda, the name of the Company be changed to "Moulin Global Eyecare     
    Holdings Limited" to reflect the Company's transformation into one of     
    the world leading providers of eyecare products and services and the      
    proposed acquisition of Eye Care Centers of America, Inc. ("ECCA").       
    More details regarding the proposed acquisition can be found in the       
    Company's announcement dated                                              
    December 6, 2004. The Chinese name of the Company, to be used for         
    identification purposes only, will remain unchanged.                      
                                                                              
    The proposed change of name will become effective after the new name      
    has been entered into the register maintained by the Registrar of         
    Companies in Bermuda in place of the existing name. A subsequent          
    notification of change of name is required to be made to the Registrar    
    of Companies in Hong Kong.                                                
                                                                              
    The proposed change of name will not affect any of the rights of the      
    Shareholders. All share certificates of the Company in issue bearing      
    the existing name of the Company will continue to be effective as         
    documents of title to the shares of the Company and will continue to      
    be valid for trading, settlement and registration purposes. Once the      
    proposed change of name becomes effective, any new share certificates     
    of the Company will be issued in the new name. Accordingly, there will    
    not be any arrangement for an exchange of existing share certificates     
    of the Company for new share certificates bearing the new name of the     
    Company.                                                                  
                                                                              
    Pursuant to Bye-law 167 of the Bye-laws of the Company, a special         
    resolution of the Shareholders is required to change the name of the      
    Company. A special general meeting (the "SGM") will be held to            
    consider and, if thought fit, approve the proposed change of name of      
    the Company. A circular containing further details of the proposed        
    change of the Company's name together with the notice of the SGM is       
    expected to be despatched to the Shareholders on or around                
    January 25, 2005. The Company will make a further announcement on the     
    outcome of the SGM and the arrangement relating to trading and            
    dealings in the securities of the Company on The Stock Exchange of        
    Hong Kong Limited under the new name of the Company.                      
                                                                              
            By Order of the Board                                             
            Ma Bo Kee                                                         
            Chairman                                                          
                                                                              
    Hong Kong, January 24, 2005                                               
                                                                              
    As at the date of this announcement, the executive directors of the       
    Company are Mr. Ma Bo Kee, Mr. Ma Bo Fung, Mr. Ma Bo Lung, Mr. Ma Lit     
    Kin, Cary, Mr. Ma Hon Kin, Dennis, Mr. Tong Ka Wai, Dicky and Mr.         
    Joseph A. Barrett, and the independent non-executive directors of the     
    Company are Mr. Ng Tai Chiu, David, Mr. Chan Wing Wah, Ivan and Mr. So    
    Kwan Hon, Danny.                                                          
                                                                              
    * For identification purposes only