09:17     CYBER ON-AIR<08118> - 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.                                                     
                                                                              
    INTERNATIONAL ENTERTAINMENT CORPORATION                                   
    (formerly known as Cyber On-Air Group Company                             
    Limited)                                                                  
    (Incorporated in the Cayman Islands with limited                          
    liability)                                                                
    (Stock Code: 8118)                                                        
                                                                              
    CHANGE OF NAME                                                            
                                                                              
    The Certificate of Incorporation on Change of Name                        
    regarding the change of name of the Company to                            
    "International Entertainment Corporation" was issued                      
    by the Registrar of Companies in the Cayman Islands                       
    on 20 January 2005 (Cayman time). The change of name                      
    of the Company took effect on 17 December 2004. The                       
    Certificate of Registration of Change of Name of                          
    Oversea Company regarding the change of name of the                       
    Company was issued by the Registrar of Companies in                       
    Hong Kong on 1 February 2005.                                             
                                                                              
    With effect from 7 February 2005, the Shares will be                      
    traded on the Stock Exchange under the new name of                        
    the Company and the stock short name of the Company                       
    for trading on the Stock Exchange will be changed from                    
    "CYBER ON-AIR" to "INT'L ENT".                                            
                                                                              
    If the Shareholders so wish, they may, during the                         
    period from 9:00 a.m. on 4 February 2005 to 4:00 p.m.                     
    on 3 March 2005, deliver their existing share                             
    certificates of the Shares to Computershare Hong Kong                     
    Investor Services Limited at Rooms 1712-1716, 17th                        
    Floor, Hopewell Centre, 183 Queen's Road East, Hong                       
    Kong, to exchange at the expense of the Company, for                      
    new share certificates bearing the new name of the                        
    Company. After the expiry of such period, share                           
    certificates of the Company under its former name will                    
    be accepted for exchange at the expense of the                            
    Shareholders.                                                             
                                                                              
    By order of the Board                                                     
    Cheng Kar Shun                                                            
    Chairman                                                                  
                                                                              
    As at the date of this announcement, the Board                            
    comprises:                                                                
                                                                              
    Executive Directors:                                                      
    Cheng Kar Shun (Chairman)                                                 
    Lo Lin Shing, Simon                                                       
    Choi Wing Kin                                                             
    So Kam Wing                                                               
                                                                              
    Non-executive Director:                                                   
    Wu Wing Kin                                                               
                                                                              
    Independent non-executive Directors:                                      
    Cheung Hon Kit                                                            
    Kwee Chong Kok, Michael                                                   
    Wong Chi Keung                                                            
                                                                              
    Hong Kong, 3 February 2005                                                
                                                                              
    This announcement, for which the Directors                                
    collectively and individually accept full                                 
    responsibility, includes particulars given in                             
    compliance with the GEM Listing Rules for the purpose                     
    of giving information with regard to the                                  
    Company. The Directors, having made all reasonable                        
    enquiries, confirm that, to the best of their                             
    knowledge and belief: (i) the information contained                       
    in this announcement is accurate and complete in all                      
    material respects and not misleading; (ii) there are                      
    no other matters the omission of which would make any                     
    statement in this announcement misleading; and (iii)                      
    all opinions expressed in this announcement have been                     
    arrived at after due and careful consideration and                        
    are founded on bases and assumptions that are fair                        
    and reasonable.                                                           
                                                                              
    The above announcement is a summary only. For the full                    
    version of this announcement, please refer to the                         
    "Latest Company Announcements" page on the GEM                            
    website of www.hkgem.com.