09:26     CHINA UNITED<00273> - 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.               
                                                                              
    China United International Holdings Limited                               
    (incorporated in Hong Kong with limited liability)                        
    (Stock Code: 273)                                                         
                                                                              
    PROPOSED CHANGE OF COMPANY NAME                                           
                                                                              
    The Board of the Company proposes to change the name of the               
    Company to `Willie International Holdings Limited ' to reflect the        
    transformation of the Company in making addition focuses and              
    investments in PRC and Macau.                                             
                                                                              
                                                                              
    The board of directors (the `Board') of `China United International       
    Holdings Limited ' (the `Company') proposes to change the name of the     
    Company to `Willie International Holdings Limited ' (the `Change of       
    Company Name') to reflect the transformation of the Company in making     
    addition focuses and investments in PRC and Macau. The Change of          
    Company Name is subject to the following conditions:                      
                                                                              
    (i)                                                                       
    the passing of a special resolution by the shareholders of the            
    Company (the `Shareholders') to approve the Change of Company Name at     
    an Extraordinary General Meeting of the Company (the `EGM') to be         
    fixed by the Board; and                                                   
                                                                              
    (ii)                                                                      
    the Companies Registry granting approval for the Change of Company        
    Name.                                                                     
                                                                              
    The effective date of the Change of Company Name (the `Effective          
    Date') will be the date on which the new name is entered on the           
    register by the Companies Registry in Hong Kong.                          
                                                                              
    The Change of Company Name will not affect any of the rights of the       
    Shareholders. All the existing share certificates in issue bearing        
    the existing name of the Company will continue to be effective as         
    documents of title and be valid for trading, settlement and               
    registration purposes. Once the proposed Change of Company Name           
    become effective, any new share certificate 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 certificate bearing the new name of the             
    Company.                                                                  
                                                                              
    A circular containing details of the proposed Change of Company           
    Name, together with a notice of the EGM and related proxy form, will      
    be despatched to the Shareholders as soon as practicable. The Company     
    will make a further announcement on the outcome of the EGM.               
                                                                              
    As at the date of this announcement, the Board comprises four             
    executive directors, namely, Mr. Chuang Yueheng, Henry, Mr. Chung         
    Wilson, Mr. Lo Kan Sun and Mr. Wong Ying Seung, Asiong and four           
    independent non-executive directors, namely Mr. Lam Ping Cheung, Mr.      
    Miu Frank H, Mr. Nakajima Toshiharu and Ms. Lin Wai Yi.                   
                                                                              
    By order of the board of directors of                                     
    China United International Holdings Limited                               
    Chung Wilson                                                              
    Managing Director                                                         
                                                                              
    Hong Kong, 11th April, 2005