09:06     IA INT'L<08047> - Quarterly Results Announcement                    

    IA International Holdings Limited announced on 14/02/2005:                
    (stock code: 08047 )                                                      
                                                                              
    Year end date                         :31/03/2005                         
    Currency                              :HKD                                
    Auditors' report                      :N/A                                
    3rd Quarterly Report Reviewed by      :Audit Committee                    
                                                                              
    Important Note :                                                          
    This result announcement form only contains extracted information from    
    and should be read in conjunction with the detailed results announcement  
    of the issuer, which can be viewed on the GEM website at                  
    http://www.hkgem.com                                                      
                                                                              
                                               (Unaudited)       (Unaudited)  
                                                  Current Last Corresponding  
                                                   Period            Period   
                                           from 01/04/2004   from 01/04/2003  
                                             to 31/12/2004     to 31/12/2003  
                                                     $'000             $'000  
                                                                              
    Turnover                              :         30,973            69,921  
    Profit/(Loss) from Operations         :       (12,246)             2,396  
    Finance cost                          :              0              (22)  
    Share of Profit/(Loss) of Associates  :              0                 0  
    Share of Profit/(Loss) of Jointly                                         
             Controlled Entites           :              0                 0  
    Profit/(Loss) after Taxation & MI     :       (12,192)             1,929  
    % Change Over the Last Period         :            N/A                    
    EPS / (LPS)                                                               
              Basic (in dollar)           :    (HKD 0.0406)        HKD 0.0064 
              Diluted (in dollar)         :            N/A               N/A  
    Extraordinary (ETD) Gain/(Loss)       :             0                 0   
    Profit (Loss) after ETD Items         :       (12,192)            1,929   
    3rd Quarter Dividends per Share       :            NIL               NIL  
    (specify if with other options)       :            N/A               N/A  
    B/C Dates for 3rd Quarter Dividends   :            N/A                    
    Payable Date                          :            N/A                    
    B/C Dates for (-) General Meeting     :            N/A                    
    Other Distribution for Current Period :            NIL                    
    B/C Dates for Other Distribution      :            N/A                    
                                           (bdi: both days inclusive)         
                                                                              
    For and on behalf of                                                      
    IA International Holdings Limited                                         
                                                                              
    Signature :                                                               
    Name      : Li Ting                                                       
    Title     : Director                                                      
                                                                              
    Responsibility statement                                                  
    The directors of the Company (the "Directors") as at the date hereof      
    hereby collectively and individually accept full responsibility for the   
    accuracy of the information contained in this results announcement form   
    (the "Information") and confirm, having made all reasonable inquiries,    
    that to the best of their knowledge and belief the Information are        
    accurate and complete in all material respects and not misleading and     
    that there are no other matters the omission of which would make the      
    Information herein inaccurate or misleading.The Directors acknowledge     
    that the Stock Exchange has no responsibility whatsoever with regard to   
    the Information and undertake to indemnify the Exchange against all       
    liability incurred and all losses suffered by the Exchange in connection  
    with or relating to the Information.                                      
                                                                              
    Remarks:                                                                  
    1. Basis of presentation                                                  
                                                                              
    The unaudited consolidated results have been prepared under the           
    historical cost convention and in accordance with accounting              
    principles generally accepted in Hong Kong and comply with                
    accounting standards issued by the Hong Kong Institute of                 
    Certified Public Accountants.  The accounting policies adopted            
    are consistent with those set out in the annual financial                 
    statements for the year ended 31st March, 2004.                           
                                                                              
    All significant transactions and balances within the Group have           
    been eliminated on consolidation.                                         
                                                                              
    2. (Losses)/earnings per share                                            
                                                                              
    The calculation of basic (losses)/earnings per share for the              
    three months and nine months ended 31st December, 2004 is based           
    on the unaudited consolidated net loss from ordinary activities           
    attributable to shareholders of approximately HK$12,063,000 and           
    HK$12,192,000 respectively (three months and nine months ended            
    31st December, 2003: unaudited consolidated net profit from               
    ordinary activities attributable to shareholders of approximately         
    HK$316,000 and HK$1,929,000 respectively) and 300,000,000 shares          
    in issue (three months and nine months ended 31st December, 2003:         
    300,000,000 shares).                                                      
                                                                              
    Diluted (losses)/earnings per share is not presented as there             
    were no diluting events existed during the three months and nine          
    months ended 31st December, 2004 and the corresponding periods            
    in 2003.